Global Wine Market is expected to Increase USD 367 billion by 2021

The Global Wine Market was worth USD 310 billion in 2016 and estimated to be growing at a CAGR of 5.1%, to reach USD 367 billion by 2021. The market is showcasing evident potential in the mentioned forecasting period. The market continues to gain momentum with the rapid development in the industry.

Browse market data tables and in-depth TOC of the Global Wine Industry to 2021 @ http://www.marketdataforecast.com/market-reports/wine-market-4661/

Wine comes under the category of affordable luxury items, resulting in many Wine producing companies to launch more types of wines in the market.
The global Wine market is majorly driven by the recent change in lifestyles, increasing habit of consuming liquor, growing disposable income, and rising affordability of Wine. However, some of the restraints hamper the growth of the industry, like heavy taxes, strict regulations by the governments, and health hazards associated with Wine consumption.

The Global Wine Market is segmented on the basis of taste into dry, medium, and sweet wine. By wine style, wine market can be segmented into still wine, sparkling wine, dessert wine, and fortified wine. The market segment based on colour are red wine, white wine and rose wine.

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On the basis of geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific, Middle-east and Africa and Latin America. The Global Wine Market was dominated by Europe, with the largest market share globally. The Asia Pacific is predicted to show the highest CAGR during the forecasting period and is the second largest market globally.

Some of the major companies dominating the market, by their products are Caviro, Concha y Toro, Constellation Brands, Diageo, E & J Gallo, Grupo Penaflor, and Johnnie Walker.

Reasons to buy Global Wine Market Research Report:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of Taste, Style, Color and Region along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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