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Wine Market Report categorizes the global market by Product Type, by Color Type (Red Wine, White Wine, Rose Wine), and By Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025
Global Wine Market | Insights, Trends & Industry Report
(2025)
Global Wine Market – Insights
The global wine market was valued at US$ 296.03 billion in 2016 and is slated
to reach US$ 404.64 billion by 2025. The market is expected to exhibit a CAGR
of 3.23% during the forecast period (2017-2025).
Growing population of women alcohol consumers, expansion of bars and
restaurants, exploring different forms of entertainment such as night parties,
growing demand from emerging economies and preference for low calorie
alcoholic beverages stands to be some of the key driving factors of the wine
market. For instance, in India, the number of pubs and bars grew by over 23%
during 2014-2016, compared to cafes during the same time period. The health
benefits associated with wine such as lower risk of heart disease, reduce risk of
type 2 diabetes and cataracts is also playing a key role in driving the market for
wine.
Additionally, with the increasing number of millennials shifting from beer and
spirit based drinks to wine, the market for wine is expected to witness a positive
growth trend during the forecast period. Additionally, the ongoing increase in
the consumption of alcohol among females is further driving the sales of red and
white wine, thereby helping the market for wine. According to a study
conducted by Coherent Market Insights, it is estimated that over 55% of the
women prefer wine compared to around 39% for beer in the US. However, the
high price of wine compared to other alcohol based drinks such as beer is one of
the major hindrance to the growth of the market.
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Latin America stands to be another important region which is showcasing a
strong preference for wine. Mexico which stands to be an important market in
the region has witnessed a significant increase in the volume sales increasing by
over 8.5% in 2016. Additionally, with different varieties of wine being easily
available across different retail outlets will further boost the market in the
coming years.
Europe dominated the global wine market in 2016 and is expected to retain
market dominance throughout the forecast period, with major contribution
coming from the emerging economies of India and China.
Major Players in the Global Wine Market:
Global wine market is highly fragmented, with the presence of many large and
smaller players in the market. Key players operating in the wine market include
E. & J. Gallo Winery, Concha y Toro, The Wine Group, Bacardi Limited,
Constellation Brands, Pernod Ricard, Treasury Wine Estates, Caviro, Grupo
Penaflor.
For More Information: ​http://bit.ly/2m13Aig
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm
offering action-ready syndicated research reports, custom market analysis,
consulting services, and competitive analysis through various recommendations
related to emerging market trends, technologies, and potential absolute dollar
opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: ​[email protected]
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pallavi.reddy
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