According to the latest report by IMARC Group, titled “Wine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global wine market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global wine market reached a value of US$ 430.54 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 605.22 Billion by 2027, exhibiting a CAGR of 5.70% during 2022-2027.
Wine is an alcoholic beverage that is acquired from fermented grapes. It can be of various types, such as still wine, sparkling wine, fortified wine, etc. Wine variants comprise of water, acids, alcohol, sugar, aromatics, tannins, calcium carbonate, potassium sorbate, sulfur dioxide, and potassium metabisulfite. They are extensively used for consumption and cooking purposes as they enhance the flavor and color of finished dishes. Wine drinks are a rich source of antioxidants and help in managing bad cholesterol, reducing the risk of cancer, and preventing cell damage. As a result, they are in high demand among consumers across the globe.
Wine is an alcoholic beverage that is acquired from fermented grapes. It can be of various types, such as still wine, sparkling wine, fortified wine, etc. Wine variants comprise of water, acids, alcohol, sugar, aromatics, tannins, calcium carbonate, potassium sorbate, sulfur dioxide, and potassium metabisulfite. They are extensively used for consumption and cooking purposes as they enhance the flavor and color of finished dishes. Wine drinks are a rich source of antioxidants and help in managing bad cholesterol, reducing the risk of cancer, and preventing cell damage. As a result, they are in high demand among consumers across the globe.
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Important Attribute and highlights of the Report:
Important Attribute and highlights of the Report:
§ Detailed analysis of the global market share
§ Market Segmentation product type, color, distribution channel and region.
§ Historical, current, and projected size of the market in terms of volume and value
§ Latest industry trends and developments
§ Competitive Landscape for wine market
§ Strategies of major players and product offerings
The rising product premiumization in the food and beverages (FB) sector and the increasing inclination of buyers towards new exotic flavors are primarily driving the global wine market. Additionally, the strategic collaborations amongst the key players to launch several new variants, including cannabis-infused wines, for catering to the shifting preferences of the masses are acting as significant growth-inducing factors.
Besides this, the expanding adoption of Western cultures and the emerging trend of alcohol socialization among global consumers are also positively influencing the market growth. Apart from this, the inflating popularity of e-commerce channels for buying alcohol is expected to augment the wine market over the forecasted period.
Key Players Included in Global Research Report:
Key Players Included in Global Research Report:
- Accolade Wines
- Asahi Group Holdings Ltd.
- Bacardi Limited
- Bronco Wine Company
- Castel Frères
- Chapel Down Group PLC
- Constellation Brands Inc.
- E. J. Gallo Winery
- Foley Family Wines
- Pernod Ricard
- The Wine Group
- Treasury Wine Estates Limited.
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COVID-19 Impact Overview on Market: (Positive Impact)
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Segmentation:
Breakup by Product Type:
- Still Wine
- Sparkling Wine
- Fortified Wine and Vermouth
Breakup by Color:
- Red Wine
- Rose Wine
- White Wine
Breakup by Distribution Channel:
- Off-Trade
o Specialty Stores
o Online Stores
o Others
- On-Trade
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
TOC for the Wine Market Research Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Wine Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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