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, pr