Wine Market Demand is Increasing Rapidly by 2027, Fortune Business Insights™
Wine Market Demand is Increasing Rapidly by 2027, Fortune Business Insights™
Wine Market Demand is Increasing Rapidly by 2027, Fortune Business Insights™

The global  wine market  size is anticipated to reach USD 444.93billion by 2027 on account of the increasing adoption of a lavish and wealthylifestyle. Wine is an alcoholic drink made of fermented grape juice. The yeasthelps to consume the sugar present in the grapes and changes it to carbondioxide, ethanol, and heat. The variety of strains of yeasts and grapesproduces different types of wine. Wine has been consumed by people forthousands of years and also has religious importance. Wine also has healthbenefits when consumed in limits. A recent report by Fortune Business Insightsprovides an elaborate overview of the market and its prime strategies. As perthis report titled, “Wine Market Size, Share & Industry Analysis, By Type(Sparkling Wine, Still Wine, and Others), Flavour (Red Wine, White Wine, andRose Wine), Distribution Channel (On-trade and Off-trade), and Regional Forecast,2020 – 2027,” the market value was USD 364.25 billion in 2019 and is likely toexhibit a CAGR of 6.06% between 2020 and 2027.

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List of Wine MarketManufacturers include:

·        JohnDistilleries (India)

·        DistellGroup Limited (South Africa)

·        SulaVineyards Pvt. Ltd. (India)

·        E& J Gallo Winery (U.S.)

·        Treasury Wine estates (Australia)

·        TheWine Group (U.S.)

·        InternationalBeverage Holdings (Thailand)

·        HalewoodWines International (U.K.)

·        AccoladeWines, Plc. (U.S.)

·        GlobalDrinks Finland (Finland)

·        Torres Wines(Spain)

·        Other Players


Major IndustryDevelopments of the Market include:


July 2019 – The launch of the first 187 ml slimline wine cans was announced byArdagh Group S.A. in Europe. This creative slimline packaging is expected tosuffice to the increasing demand for on-the-go drinks among customers all overEurope.


February 2020–  A new rangeof wine cans called Dia Sparkler cans was launched by Sula Vineyards Pvt. Ltdin India. This new product range is expected to cater to the rising demand forsparkling wine in the country.


What are theHighlights of the Report?


The report provides a 360-degree overview of the market and variousfactors driving, restraining, challenging, and creating opportunities for themarket. It also discusses the table of segmentation based on factors such astype, flavor, distribution channel, and geography, and lists the names ofleading factors.  Furthermore, the reporthighlights current trends prevalent in the market, significant industrydevelopments, and other interesting insights into the market. To purchase thisreport, refer to the company website.

Market Drivers

Rising Adoption ofWine as a Sign of Social Status will Propel Growth


The rising adoption of alcohol as a social drink is a major winemarket driver. This, coupled with modernization, westernization, and promotionof alcohol consumption socially will also add impetus to the market in thecoming years. Wine and alcohol consumption has now become a social status andthis supports the growth of alcoholic beverages worldwide. Wine has refreshingappeals and has health benefits such as blood pressure control, type 2diabetes, vision loss, gut health, dementia, and also helps to cleanse andprovide glow to the skin when consumed in a limit. These advantages also helpto augment the growth of the market in the coming years.


However, the gradual shift of non-alcoholic beverages and otheralcoholic drinks may hamper the market for wine in the coming years.Nevertheless, the emergence of e-commerce platforms is likely to createlucrative growth opportunities for the market in the forthcoming years.



Market in AsiaPacific to Register Considerable CAGR Owing to Increasing Adoption ofWesternized Trends


Geographically, North America earned the largest wine market shareowing to the presence of lead importing companies in the region. Together withEurope, This region imports an average of 5 million liters annually to maintainthe supply and demand chain in the respective regions. Europe also holds asignificant share in the beer market as well, owing to the customs and culturaloccasions that include the consumption of wine as a celebrating drink. Inaddition to this, France remains a major contributor of wine to the world buthas witnessed a decline in the past few years due to emerging competitorsworldwide. Moreover, the increasing number of young working-class population isalso expected to help this region attract high revenue in the coming years.


On the other side, Asia Pacific market will rise at a robust paceduring the forecast period on account of the increasing adoption of westernizedtrends and the adoption of international cuisines among consumers. Besidesthis, the HoReCa Sector (Hotel/Restaurant/Catering) Sector also included wineserving as a new trend and this is further anticipated to aid in the expansionof the market in the region. On the other side, the Middle East and Africa andSouth America markets may witness stable growth owing to the lack of awarenessand the penetration of sub-optimal products.



Players to Focus onthe Launch of Innovative Wine


The nature of the wine market is moderately organized owing to thepresence of major manufacturers. Players are engaged in the manufacturing ofvarious and flavored ABV wine to stay put in the competition. They arelaunching different flavors in their wine to gain momentum in the market. Someof the major players of this market include Halewood Wines, Distell Group,International Beverage Holdings, John Distilleries, and The Wine Group. Therise in efforts and capitalization by players to launch innovative products is likely to help attracthigh revenue to the market in the coming years.

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