According to Future Market Insights, between 2022 and 2032, global demand for the wine market will grow at a CAGR of over 5.1 percent, topping US$ 846.3 billion. Increased consumption of red wine, which has a variety of health benefits, is responsible for market growth.
| Attribute | Details |
| Wine Market Estimated Size (2022) | US$ 513.8 Bn |
| Wine Market Projected Size (2032) | US$ 846.3 Bn |
| Value CAGR (2022-2032) | 5.1% |
| Wine Market Top Players Share in 2021. | 10%-15% |
More people die from cardiovascular disease each year, according to the World Health Organization (WHO) (CVD). According to the World Health Organization, red wine has a variety of health benefits, including weight loss, blood sugar control, and more. As a result, wine is marketed as a healthy drink.
Sales of organic wine are expected to remain high during the projected period. Growing trend for organic products due to increasing health awareness is also favoring the growth in the market. Hence, demand for organic wine from the retail and restaurant is expected to increase at a robust pace overt the forecast period.
Consumption of organic wine is rapidly expanding, especially in Germany and France, according to Future Market Insights. Also, advent of sustainable winemaking processes has encouraged the sales of organic wines.
Request Sample Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-14246
Key Takeaways from the Wine Market Study
- In terms of type, the sparkling wine segment will dominate the market, registering growth at 8.5% CAGR between 2022 and 2032.
- In terms of price range, US$ 10- US$ 15 held over 39.1% of market share in the global wine market
- The U.S. held more than 67.6% of market share in North America in 2021 owing to the upsurge in the number of bars and restaurants in recent years.
- Italy wine market is expected to exhibit growth at a CAGR of 4.3% for due to the easy availability of grapes for wine production.
“Improving lifestyle, increasing penetration of online sales channel and the internet, and growing consumption of red wine for recreational purposes are some of the factors driving the sales of wine across the globe,” says an FMI analyst.
Who is winning?
Leading manufacturers of Wine are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of wine globally.
Major players present in the wine market are The Wine Group, John Distilleries, International Beverage Holdings, Halewood Wines International, Sula Vineyards Pvt. Ltd., Asahi Group Holdings, Ltd., Beijing Yanjing Beer Group Corporation, Castel Frères, Accolade Wines, Constellation Brands, Treasury Wine Estates (TWE), Pernod Ricard, and E. & J. Gallo Winery among others.
Inquire Before Buying This Research Report:
https://www.futuremarketinsights.com/ask-question/rep-gb-14246
Global Wine Market By Category
By Type:
- Sparkling Wine
- Dessert Wine
- Red Wine
- White Wine
By Price Range:
- Below US$ 5
- US$ 5-10
- US$ 10-15
- Above US$ 15
By Source:
- Organic Wine
- Conventional Wine
By Sales Channel:
- Hypermarkets/ Supermarkets
- Convenience Stores
- Specialty Stores
- Pubs/Bars/ Restaurants
- Online Retailers
- Other Sales Channel
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the global Wine market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the wine market based on the type (sparkling wine, red wine, dessert wine and white wine) source (organic & conventional) price range (below US$ 5, US$ 5-10, US$ 10-15 and above US$ 15), sales channel (hypermarkets/ supermarkets, convenience stores, specialty stores, pubs/bars, online retailers, and other sales channel) across seven major regions.
Read Related Reports:
https://medium.com/@akshay.shinde.vu/car-rental-service-market-2022-outlook-current-and-future-industry-landscape-analysis-2031-56a1c45f3e1a
https://ext-6024479.livejournal.com/13704.html
https://www.patreon.com/posts/car-rental-2022-66310605?utm_medium=clipboard_copy&utm_source=copy_to_clipboard&utm_campaign=postshare
https://medium.com/@akshay.shinde.vu/shisha-tobacco-market-2022-outlook-current-and-future-industry-landscape-analysis-2032-1f47a97edb8
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact Us:
Future Market Insights,
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedIn| Twitter| Blogs