Global Still Wine Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
Global Still Wine Market Overview
"The Still Wine Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
This report is based on the synthesis, analysis, and interpretation of various sources of information gathered regarding the target market. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts 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 on making informed forecasts about the scenarios in the future.
Still, wine is a table wine made using back and white grapes. It is prepared by removal of carbon dioxide that makes wine sparkling and bubbly. If there are any remains of carbon dioxide, then it is removed by use of a decanter as it helps with the 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.
The increasing popularity of wine among consumers is a major factor driving the global still wine market growth. Still wine contains resveratrol that helps to fight bacteria and fungus and protects from ultraviolet (UV) radiation. It also reduces the chances of dementia, heart diseases, type-two diabetes, and cancer. Growing awareness regarding the benefits of wine consumption is increasing the preference for still wine over distilled spirits. Furthermore, increasing production of wine, rising disposable income, and changing lifestyles are expected to boost the growth of the target market shortly.
However, over-consumption of still wine can sometimes lead to addiction, mental health problems, hypertension, stroke, etc. These adverse effects on health due to overconsumption of still wine may challenge the growth of the global still wine market. Nevertheless, developing advanced storage techniques that prevent still wine from exposure to sunlight and viable temperature control systems can create high revenue opportunities for players in the global still wine market.
The European market accounts for a major share of revenue and is expected to maintain its dominance over the forecast period, followed by North America. Increasing consumption of still wine and the presence of major wine-producing countries such as France, Germany, Italy, Spain, etc., propel the market's growth in Europe.
Market in the Asia Pacific is expected to witness the fastest growth, especially in emerging economies shortly, owing to the 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
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- 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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