Wine Market Size, Share and 2020 Trends Analysis | Industry Forecast to 2028


Top Companies covered in the wine market are The Wine Group (U.S.), John Distilleries (India), International Beverage Holdings (Thailand), Distell Group Limited (South Africa), Halewood Wines International (U.K.), Sula Vineyards Pvt. Ltd. (India), Accolade Wines, Plc. (U.S.), E & J Gal

.

The global wine market size was USD 339.53 billion in 2020. The market is projected to grow from USD 340.23 billion in 2021 to USD 456.76 billion in 2028 at a CAGR of 4.30% in the 2021-2028 period.

This information is provided by Fortune Business Insights, in its report, titled, “Wine Market, 2021-2028.”

According to our researchers, the industry is inducing rustic landscapes for consumers across the world and attaining huge admiration in the global marketplace, owing to its taste and uplifting properties. The beverage has become a significant commodity and is also obtaining approval in the overseas market, owing to the eased trade duties and tariff obstructions in marketing.

Report Coverage:

We offer our reports which are steered with an ill-inclusive evaluation approach that primarily emphasizes on bringing comprehensive material. Our scholars have applied a data triangulation method, which further helps us to provide reliant calculations and inspect the general market conditions specifically. Additionally, our analysts have gained admission to several global as well as locally sponsored records for offering the upgraded material in order for the guarantors and business specialists to capitalize only in essential zones.

Segmentation:

By type, the market is divided into,

  • Sparkling
  • Still
  • Others

Still wine is the oldest and the most renowned form of wine present across the world. It held the highest share under type.

Based on Flavor, the global market is segregated into,

  • Red
  • White
  • Rose

In terms of Distribution Channel, the market is classified into,

  • On-trade
  • Off-trade

Drivers and Restraints:

Rising Alcohol Socialization among Consumers to Assist Market Growth

Wine production and consumption have observed rapid development in the last few years, which has led to an augmented consumption pattern. These days, social activities, modernization, and surging acceptance of western culture are few of the aspects promoting alcohol socialization among users.

Information Source:

https://www.fortunebusinessinsights.com/wine-market-102836

56 Views

Comments