Wine Market Overview 2019: Industry Analysis, Trends and Global Forecast research Report 2022
Posted: Feb 08, 2019
Wine Market Information by Source (Grapes, Apple, Berries and other Fruits), by Type (Red Wine, White Wine, Sparkling), and by Region. Increasing population of alcohol consumers’ majorly belonging to age group of 19-25 is one of the major drivers influencing the sale of wine based on the unique formulation. Market Research Future, a firm which specializes in market reports related to the Foods, Beverages & Nutrition sector among others, recently forecasted in its report "Global Wine Market Research Report- Forecast to 2023" that the market will demonstrate an exceptional CAGR % while achieving million-dollar growth readily in the forecast period.
The key players profiled in wines are Accolade Wines (U.K), Constellation Brands (U.K), E. & J. Gallo Winery (U.S.), Shanghai Torres Wine Trading Co. Ltd. (China), Treasury Wine Estates (Australia), Vina Concha y Toro (Chile), and Distell Group Limited (South Africa)
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The global wine market has been divided into source, type, distribution channel, and region. Based on Source: Grapes, Apple, and other Fruits. Based on Type: Red, White, and others. Based on Distribution Channel: Food Service and Food Retail. Based on Region: North America, Europe, Asia Pacific, and ROW
The Global Wine Market is segmented into North America, Europe, Asia Pacific and Rest of the World. Among the entire region, Europe is estimated to account for the major market proportion in the year of 2017. The region is estimated to retain its dominance throughout the forecast period of 2017-2023. U.K and Germany are the major consuming countries of wine in Europe. Presence of key manufacturers in the European countries is one of the significant reasons for the rising growth of wine. Also, key manufacturers are focusing in the new product development which in turn escalates the sales of wine in Europe. However, Asia Pacific region is expected to expand at a high growth rate during the forecast period of 2017-2023. China and India are collectively accounting for the 50% of the overall Asia Pacific market. The growth of the Asia Pacific region is anticipated to be driven by the increasing youth population coupled with the increasing disposable income of the consumers.
Growth in awareness related to wine products information among consumers through books and social media platforms has supported wine sales to a greater extent globally. Popularity of wine is also supported by wine tourism and special programs focused on the presentation of wine areas and variety wines with the authentic and clear origin.
Browse the market data and information spread across 150 pages with 35 data tables and 11 figures of the report "Global Wine Market Research Report - Forecast to 2022" in-depth alongside table of content (TOC) at:https://www.marketresearchfuture.com/reports/wine-market-1655
Sep 2017 Minibar Delivery, a premier on-demand alcohol delivery service, has announced its new launch Vineyard Select, a nationwide direct-to-consumer wine shipping service that connects customers across the country with independent vineyards for delivery straight to their door.
Sep 2016 Treasury Wine Estates has added three-strong wine range for the US, called Blass. The brand has been created by Treasury's Wolf Blass division in the Barossa valley region of Australia that comprises three varietals - a Chardonnay, a Cabernet Sauvignon and a red blend.
Mar 2017 HSN and Time Inc. has gone under partnership to launch exclusive new food & wine product line. This partnership will help in strengthening company’s business segment and will allow the company to come up with new products in upcoming years.
Jan 2016 Glazer's, Inc. has merged with Southern Wine & Spirits. This merger will help in improving the company’s business segment and malt beverage business.
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At Market Research Future (Mrfr), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (Crr), Half-Cooked Research Reports (Hcrr), & Consulting Services.