Wine Market is expected to register exponential growth

The global wine market size is expected to be valued at USD 338.07 thousand units in 2024 and reach USD 448.16 thousand units by 2029, growing at a CAGR of 5.8% from 2024 to 2029.

Global Wine Market Report Scope:
• Market Size (2029): USD 448.16 thousand units
• Market Size (2024): USD 338.07 thousand units
• CAGR (2024 to 2029): 5.8%
• Base Year: 2023
• Forecast Period: 2024 to 2029
• Segments Analysed: By Color, Taste, Product Type, Distribution Channel And Region
• Geographies Covered: North America, Europe, APAC, Latin America, Middle East & Africa
• Key Market Players Profiled: E&J Gallo Winery, Constellations Brand, The Wine Group, Compagnia Del Vino SRL, Bacardi Limited, Caviro, Torres, Grupo Peñaflor SA, Treasury Wine Estates, Castel Group, Vina Conch, Toro, Distell Group, International Beverage Holdings, Global Drinks Finland, Amvyx SA, John Distilleries, Constellation Brands, Pernod Ricard, Gruppo Campari, Accolade Wines, Soyuz Victan, SPI Group, The Wine Group and Diageo plc. Are playing a dominant role in the global wine market.

Consumption of wine has become the most common thing in many countries. People prefer high-quality wine and are becoming more conscious of tasting different styles of wine with various brands. In modern lifestyles, wine has become one of the favorite alcoholic beverages in a lavish lifestyle. Many people are consuming wine on a regular basis because of its antioxidant and anti-inflammatory properties that reduce stress, which are majorly ascribed to boost the growth rate of the wine market. The increasing number of people consuming wine is eventually raising the need for production rates in developed countries like the US. The US is the major country exporting the best quality wine to other countries like India and others. The increasing consumption rate of wine all across the world and growing import and export rates of wine are gearing up the growth rate of the market. Rising disposable income and growing prominence for modern cultural life activities are also common factors surging the market share. Wine is basically served as a table drink with regular food in many restaurants, especially in both developed and developing countries. Even in lavish weddings or any other ceremonies, the demand to serve wine is becoming common, and that is creating huge growth opportunities for the market. In the UK, US, India, Canada, Australia, and others, the penetration of online platforms plays a crucial role in increasing wine sales. The easy availability of wine on online platforms is likely to leverage the market growth rate during the forecast period. In the modern era, the consumption of low-alcoholic beverages at parties and events has become a trend that eventually leveled up the growth rate of the wine market. The growing awareness of the consumption of natural wines that are produced with fewer additions, especially among youngsters, is greatly influencing the growth rate of the wine market.

High-quality wine manufactured with premium quality ingredients costs very high, which common people cannot afford, is definitely a challenging factor for the market key players. Therefore, the availability of various alcoholic beverages at lower rates is gaining traction, which is limiting the growth rate of the wine market. The lack of proper infrastructure needed to produce the wine, which requires huge investments for proper storage and upgrade facilities, is impeding the growth rate of the market. Government rules and regulations over the consumption of alcoholic beverages are to hinder the market growth rate.

Browse full details of the report @ https://www.marketdataforecast.com/market-reports/wine-market.

Key Insights from the Report:

• By Color, the Rose wines segment dominated the market and accounted for 46.7% of the global market share in 2023.
• By Taste, the sweet segment emerged as the largest segment in 2023
• Based on Product Type, The still wines segment is expected to dominate the global wine market in the coming years.
• Based on Distribution Channel, The online wine distribution channel is expected to expand rapidly during the forecast period due to increased internet facilities, convenience, and the presence of many brands.
• The Asia Pacific region is expected to experience the highest growth rates in the forecast period due to growing demand for wine and increased wine production in developing countries.
• E&J Gallo Winery, Constellations Brand, The Wine Group, Compagnia Del Vino SRL, Bacardi Limited, Caviro, Torres, Grupo Peñaflor SA, Treasury Wine Estates, Castel Group, Vina Conch, Toro, Distell Group, International Beverage Holdings, Global Drinks Finland, Amvyx SA, John Distilleries, Constellation Brands, Pernod Ricard, Gruppo Campari, Accolade Wines, Soyuz Victan, SPI Group, The Wine Group and Diageo plc.

SEGMENTATION INCLUDED IN THIS REPORT:
By Color:
• Rosé wines
• Red wines
• White wines
By Taste:
• Dry
• Medium
• Sweet
By Product Type:
• Sparkling wines
• Dessert wines
• Still wines
• Fortified wines
By Distribution Channel:
• Online distribution channels
• Offline distribution channels
By Region:
• North America
• Europe
• APAC
• Latin America
• Middle East & Africa

Browse Regional Reports:
North American Wine market Research Report - segmented by Color, Taste, Product Type, Distribution Channel, and Country (U.S, Canada & Rest of North America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/north-america-wine-market

Europe wine market Research Report - segmented by Color, Taste, Product Type, Distribution Channel and Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/europe-wine-market

APAC wine market Research Report - Segmented By Color, Taste, Product Type, Distribution Channel & Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029 ) -https://www.marketdataforecast.com/market-reports/asia-pacific-wine-market

MEA wine market Research Report - segmented by Color, Taste, Product Type, Distribution Channel and Country (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/middle-east-and-africa-wine-market

Latin America wine market Research Report - segmented by Color, Taste, Product Type, Distribution Channel & Country (Brazil, Argentina, Chile and the Rest of Latin America) - Industry Analysis, Size, Share, Growth, Trends, & Forecast (2024 to 2029) - https://www.marketdataforecast.com/market-reports/latin-america-wine-market

TABLE OF CONTENTS:
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year, and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferences
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market Share Analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Wine Market, By Color
6.1.1 Rose Wine
6.1.2 White Wine
6.1.3 Red Wine
6.1.4 Market Size Estimations & Forecasts (2024-2029)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Wine Market, By Taste
6.2.1 Dry
6.2.2 Medium
6.2.3 Sweet Wine
6.2.4 Market Size Estimations & Forecasts (2024-2029)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Wine Market, By Product Type
6.3.1 Still Wine
6.3.2 Sparkling Wine
6.3.3 Dessert Wine
6.3.4 Fortified Wine
6.3.5 Market Size Estimations & Forecasts (2024-2029)
6.3.6 Y-o-Y Growth Rate Analysis
6.3.7 Market Attractiveness Index
6.4 Wine Market, By Distribution Channel
6.4.1 Online
6.4.2 Offline
6.4.3 Market Size Estimations & Forecasts (2024-2029)
6.4.4 Y-o-Y Growth Rate Analysis
6.4.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market by Region
7.2 North America - Market Analysis (2024-2029)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Color
7.2.3 By Taste
7.2.4 By Product Type
7.2.5 By Distribution Channel
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Color
7.3.3 By Taste
7.3.4 By Product Type
7.3.5 By Distribution Channel
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Color
7.4.3 By Taste
7.4.4 By Product Type
7.4.5 By Distribution Channel
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Color
7.5.3 By Taste
7.5.4 By Product Type
7.5.5 By Distribution Channel
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Color
7.6.3 By Taste
7.6.4 By Product Type
7.6.5 By Distribution Channel
8. Key Player Analysis
8.1 E&J Gallo Winery
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Constellations Brand
8.3 The Wine Group
8.4 Compagnia Del Vino SRL
8.5 Bacardi Limited
8.6 Caviro
8.7 Grupo Peñaflor SA
8.8 Treasury Wine Estates
8.9 Distell Group
8.10 Pernod Ricard
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures

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Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

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MarketDataForecast
www.marketdataforecast.com
Phone: 81217 75951
Email: sales@marketdataforecast.com
3rd floor, Trendz Park, Jain Rock Garden Rd, Vittal Rao Nagar, Madhapur, Hyderabad, Telangana 500081

Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

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