Global Still Wine Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global still wine market in its upcoming report titled, “Global Still Wine Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global still wine market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global still wine market report has been segmented on the basis of still wine type, distribution channel, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Still wine is type of table wine made using back and white grapes. It is prepared by removal of carbon dioxide that makes wine sparking and bubbly. If there are any remains of carbon dioxide, then it is removed by use of decanter as it helps with breakup of the carbon dioxide while pouring the wine. The amount of alcohol in still wine is below 10%. While preparing still, wine carbon dioxide is allowed to escape, getting rid of bubbles naturally.
Increasing popularity of wine among consumers is a major factor driving growth of the global still wine market. Still wine contains resveratrol that helps to fight bacteria and fungus and protects from ultraviolet (UV) radiation. It also reduces chances of dementia, heart diseases, type- two diabetes, and cancer. Growing awareness regarding benefits of wine consumption is resulting into increasing preference for still wine over distilled spirits. Furthermore, increasing production of wine, rising disposable income, and changing lifestyle are factors expected to boost growth of the target market in the near future.
However, over-consumption of still wine can sometimes can lead to addiction, mental health problems, hypertension, stroke, etc. These adverse effects on health due to over consumption of still wine may challenge growth of the global still wine market. Nevertheless, development of advanced storage techniques that can prevent still wine from direct sun exposure and viable temperature control systems can create high revenue opportunities for players in the global still wine market.
The market in Europe accounts for major share in terms of revenue and is expected to maintain its dominance over the forecast period followed by North America. Increasing consumption of still wine and presence of major wine producing countries such as France, Germany, Italy, Spain, etc. are propelling growth of the market in Europe region. Market in Asia Pacific is expected to witness fastest growth especially in emerging economies in the near future, owing to increasing number of wine manufacturers in this region and development retail and e-commerce sector.
Global Still Wine Market Segmentation:
Segmentation by type:
- White Wine
- Red Wine
- Rosé Wine
Segmentation by distribution channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Convenience Stores
- Online Channels
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- E. & J. Gallo Winery, Inc.
- Constellation Brands, Inc.
- CASTEL S.A.
- The Wine Group LLC
- Accolade Wines Australia Limited
- Viña Concha y Toro S.A.
- Treasury Wine Estates Limited
- Trinchero Family Estates, Inc.
- Pernod Ricard SA
- Diageo plc
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