Wine Market Demand, Industry Growth, Top Players, Forecast 2023-2028

 How Big is The Wine Market?

IMARC Group, a leading market research company, has recently releases report titled  “Wine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global wine market size reached US$ 458.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 635.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.5% during 2023-2028.

What is wine?

Wine is an alcoholic beverage created through the process of harvesting, pressing, crushing, fermenting, and distilling grape juice. Additional ingredients such as water, sulfur dioxide, potassium sorbate, calcium carbonate, aromatics, and metabisulfite are added during its aging to prevent enzymatic browning and the growth of microorganisms. Wine is broadly categorized into different types including still, dessert, rose, sparkling, and fortified. It contains valuable antioxidants that contribute to regulating blood sugar levels, reducing bad cholesterol, preventing cardiovascular diseases (CVDs), and alleviating symptoms of depression and anxiety. Consequently, wine is widely enjoyed for direct consumption and used as a versatile ingredient to enhance the flavors and aromas of various dishes worldwide.

Request for a Free Sample Copy of This Report: https://www.imarcgroup.com/wine-market/requestsample

 Wine Market Trends: 

The global wine market is experiencing significant growth propelled by several factors. One of the key drivers is the increasing consumption of alcoholic beverages, driven by the growing trend of socializing in socio-cultural settings. Furthermore, the market is benefiting from the introduction of innovative wine products such as marijuana-infused and low-calorie options, which offer consumers a unique drinking experience. Additionally, the market is witnessing a rise in premiumization as consumers seek higher quality wines, driven by urbanization and rising income levels.

Biotechnological advancements are also shaping the wine market, with techniques like double-brewing using yeast and sugar in a two-step process being employed to enhance the quality of the final product. The availability of wine through online distribution channels and e-commerce platforms has further contributed to market growth, making wine easily accessible to consumers. Various factors are expected to drive the market even further, including celebrity endorsements, the establishment of new wineries, increasing consumer awareness of the health benefits associated with wine consumption, and ongoing product innovations. Collectively, these factors are driving the growth and expansion of the global wine market.

Key Market Segmentation:

The report has been segmented the market into following categories:

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    Supermarkets and Hypermarkets

o    Specialty Stores

o    Online Stores

o    Others

  • On-Trade

Breakup by Geography:

  • 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

Who are the key players operating in the industry?

  • 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.

About IMARC Group:

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.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

Follow us on Twitter: @imarcglobal

LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/

Comments

Post a Comment

Popular posts from this blog

RFID Locks Market Size, Share, Demand, Forecast 2023-2028

Image
  How Big is The RFID Locks Market? IMARC Group, a leading market research company, has recently releases report titled “ RFID Locks Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ” The study provides a detailed analysis of the industry, including the global market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market. The global RFID locks market size reached US$ 3.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.4 Billion by 2028, exhibiting a growth rate (CAGR) of 14.2% during 2023-2028. What are RFID Locks? One-off chopsticks represent an equally leveled pair of sticks that are held in one hand between thumb and fingers as traditional kitchen cutlery to eat several dishes. They are manufactured by using various hues and materials, including bamboo, aspens, wood, etc. One-off chopsticks help in improving memory
Read more

In-vehicle AI Robot Market Size, Top Companies, Demand and Forecast to 2022-27

Image
  The latest research study " In-vehicle AI Robot Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 " by IMARC Group, finds that the global in-vehicle AI robot market is expected to exhibit a CAGR of 17.55% during 2022-2027. In-vehicle AI robot represents an advanced technology that allows an automobile to operate independently without human intervention. It can perform required functions by sensing and responding to external surroundings and conditions through superior and in-built programs. In-vehicle AI robots mainly consist of complex algorithm processors, high-end sensor mechanisms, advanced driver assistance systems (ADAS), intelligent control techniques, and actuators to gather information and execute tasks and responsive actions, such as steering, braking, and acceleration. As a result, this technology finds extensive utilization in premium, luxury, and compact passenger cars, buses, and coaches across the globe.  Request a Free
Read more

Security Market Share, Outlook, Growth, Analysis 2023-2028

Image
 IMARC Group, a leading market research company, has recently releases report titled “ Security Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028. ” The global security market size reached US$ 124.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 217.2 Billion by 2028, exhibiting a growth rate (CAGR) of 9.2% during 2023-2028. What is Security Market? Security refers to the state of being protected from potential harm, danger, or threats. It encompasses measures, practices, and systems that are put in place to safeguard individuals, organizations, or assets from various risks, including physical security , digital, financial, or personal threats. Security can be applied to different domains, such as personal security, national security, information security, cybersecurity, or physical security. Each domain focuses on different aspects of protection, but the underlying goal is to prevent or mitigate potential risks and
Read more