Global Wine Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

Global Wine Market Overview

"The global 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."

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This report is based on the 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 the future.

Wine is an alcohol-based beverage that is prepared from grapes through the fermentation process. Various types of wine are made using rice, fruits, cherry, berries or pomegranate, etc. Wine comprises water, acids, alcohol, sugar, mineral salts, sulfur derivatives, coloring, and aromatic substances. Drinking wine has health benefits such as in increases bone density, boosting the immunity system, reducing the risk of heart disease, lowering cholesterol levels, and many more. In addition, wine is also used as a side ingredient and for baking purposes in various recipes.

Rising wine consumption among the population owing to its popularity and several health benefits is a major factor driving the growth of the global market. Individuals are preferring wine such as red wine over hard drinks as it offers proper digestion and metabolism.

In addition, the rising number of restaurants, lounges, and recreational clubs is another factor favoring the growth of the target market. Rising demand for low-calorie alcohol-based beverages especially among young population is another factor expected to support growth of global wine market. Furthermore, changing lifestyles and increasing disposable income are factors expected to fuel the growth of the target market over the forecast period.

However, high prices of different types of wine are a major factor restraining the growth of the global market over the forecast period. Over-consumption of wine can sometimes lead to addiction and several health disorders such as vomiting and stomach-ache.

Development of cost-effective wine advanced storage techniques which prevents wine from direct sun exposure and viable temperatures can create high revenue opportunities for target players in the market.

The market in Europe accounts for the largest market share in terms of revenue and is expected to maintain its dominancy over the forecast period, owing to increasing demand for different varieties of wine and rising consumption of wine among individuals in the region. The market in the Asia Pacific is expected to show the fastest growth, especially in China and India, owing to rising disposable income and increasing manufacturing wine companies in the region.

Global Wine Market Segmentation:

Segmentation by taste:

• Dry
• Medium
• Sweet

Segmentation by product type:

• Still wine
• Sparkling wine
• Dessert wine
• Fortified wine

Segmentation by color:

• Red wine
• White wine
• Rose wine

Segmentation by body type:

• Light
• Medium
• Heavy

Segmentation by distribution channel:

• Supermarkets & Hypermarkets
• Specialty Stores
• Convenience Stores
• Online Channels

 Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa