Wine Market Report Key Players, Size, Share, Analysis and Forecast by 2028

Wine Market Report Key Players, Size, Share, Analysis and Forecast by 2028

Global Wine Market is expected to reach a healthy CAGR of 7.1 % in the forecast period 2019 to 2026. The new market report contains data for historic years 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.

Growing Consumption of Wine:

Wine has been studied extensively by the people and it has been found that moderate consumption of wine by an individual may help to live longer, gives protection against cancer, improvement in mental health and also enhances heart health. Due to such benefits the consumption of the wine as well as production of the wine is increasing in recent era.

According to the Wine Institute, wine consumption in the U.S. has increased from 2015 to 2016. In 2015 the consumption was 922.0 million gallons which was increased by 949.0 million gallons in 2016. The increase in consumption of wine is due to more health benefits and people have more fun after consuming it.

According to trade data and analysis, worldwide consumption of wine was 24,707,701 liters in the year 2015 which was increased from 2014 where it was 24,578,251 liters. The increase is due to health benefits among the people which helped the market to grow.

Due to the health benefits of wine across the world, wine consumption and production is increasing day by day in recent era. For instance, it was found that the U.S., France, Italy and other countries have more consumption of wine by the people.

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MARKET TRENDS:

• On the basis of type, the market is segmented into still wines, sparkling wines, fortified wines and others. In 2019, the still wines segment is expected to grow at a CAGR of 7.0% in the forecast period of 2019 to 2026. However, the sparkling wines segment is growing with the highest CAGR 8.0% in the forecast period of 2019 to 2026.

• On the basis of colour, the market is segmented into red wine, white wine, rose wine and others. In 2019, the red wine segment is expected to grow at a CAGR of 7.30% in the forecast period of 2019 to 2026. However, white wine segment is growing with the highest CAGR 7.33% in the forecast period of 2019 to 2026.

• On the basis of product type, the market is segmented into flavoured and unflavoured. In 2019, unflavoured segment is expected to grow at the highest CAGR of 7.4% in the forecast period of 2019 to 2026.

• On the basis of packaging, the market is segmented into bottles, cans and others. The Bottle segment is sub-segmented into glass and plastic. In 2019, the bottles segment is expected to grow at a CAGR of 6.9% in the forecast period of 2019 to 2026. However, the Can segment is growing with the highest CAGR of 7.9% in the forecast period of 2019 to 2026.

• On the basis of body type, the market is segmented into light-bodied, medium-bodied and full-bodied. In 2019, the full-bodied segment is expected to grow at the highest CAGR of 7.2% in the forecast period of 2019 to 2026.

• On the basis of distribution channel, the market is segmented into off trade and on trade.  The on trade is sub-segmented into specialty stores, online retailers and others. In 2019, the off -trade segment is expected to grow at the highest CAGR of 7.2% in the forecast period of 2019 to 2026.

MAJOR PLAYERS: Global Wine Market

Some of the prominent participants operating in this market are Accolade Wines, The Wine Group, Davide Campari-Milano S.p.A., E. & J. Gallo Winery, Constellation Brands, Inc., John Distilleries, India, Castel Group,  CDV · Compagnia del Vino, AMVYX,  BACARDI, Pernod Ricard, TREASURY WINE ESTATES, Caviro, Miguel Torres S. A., Concha y Toro, Sula Vineyards Pvt. Ltd., Chapel Down and others.

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OPPORTUNITIES:

Increasing Disposable Income & Growing Demand of Wine:

An increase in disposable income means an increase in household income which is available for spending and saving. Increase in saving money is making people spend on some other things such as parties, fun full events and other.  Some of the community & industry insiders conduct monthly tastings & events especially for wines where people spend their savings or money.

Wine is an agricultural product that can increase the capital income. India is an agricultural land and it provides major production of grapes by which wine is produced. As the wine consumption is increasing, grape production needs to be also increased to fulfil the demand of manufacturers to produce more wine.

In recent times due to technological equipment of manufacturing capacities the production is increasing as per the demand by the public.

Regulatory Scenario:

Regulations for alcoholic beverages in the beverage industry may hamper the growth of the market due to strict regulation which is a difficult task to maintain the criteria under regulation. Policy on alcohol marketing is relatively weak in the Western Pacific region whereas in East Asia it is regulated by the government.

The European Commission has multiple regulations for the wine sector which implements the quality schemes as per the requirement. Under this, it has specific regulation which includes the application of EU quality schemes and other legislations that requires the label checking and the presentation of certain wine sector products.

Wine has been a part of European people because it is consumed more with food in Europe and is also included in agriculture, food industry and trade. In Europe, 3 million producers and employees in companies are available and hence more production of wine is done.

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