According to Markntel Advisors Report, Wine Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Wine, an alcoholic drink commonly produced using fermented grapes or other fruits, holds a prominent place in the world's history and is widely consumed to this day. The fundamental wine-making process involves crushing fruit into juice which is then transformed through yeast fermentation, converting sugars within it into carbon dioxide and alcohol.
Global Wine Market Research Report & Summary:
The Global Wine Market size was valued at USD 336.03 billion in 2023 & is projected to reach USD 462.2 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.64% during the forecast period, i.e., 2024-30.
Time Period Captured in the Report:
• Historical Years: 2019-22
• Base Years: 2023
• Forecast Years: 2024-30
Who are the Key Players Operating in the Wine Market?
The top companies of the Wine Market ruling the industry are:
E & J Gallo, Constellation Brands, The Wine Society, Treasury Wine Estates, Vina Concha Y Toro, Castel Freres, Accolade Wines, Pernod Ricard, Grupo Penaflor, Fecovita Co-Op, Scout and Cellar, Miller Family Wine Company, Boisset Collection, Kendall-Jackson Wine, Bacardi Limited (Martini Brand), Others (VineOh, Australian Vintage Ltd., etc.)
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What is Included in Wine Market Segmentation?
The Wine Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
-By Type
-Still Light Grape Wine- Market Size & Forecast 2019-2030, (Million Liters)
-Still White Wine- Market Size & Forecast 2019-2030, (Million Liters)
-Still Rose Wine- Market Size & Forecast 2019-2030, (Million Liters)
-Still Red Wine- Market Size & Forecast 2019-2030, (Million Liters)
-Sparkling Wine- Market Size & Forecast 2019-2030, (Million Liters)
-Champagne- Market Size & Forecast 2019-2030, (Million Liters)
-Prosecco- Market Size & Forecast 2019-2030, (Million Liters)
-Cava- Market Size & Forecast 2019-2030, (Million Liters)
-Others (Asti Spumante, Crémant, etc.)- Market Size & Forecast 2019-2030, (Million Liters)
-Non-Grape Wine- Market Size & Forecast 2019-2030, (Million Liters)
-Rice Wine- Market Size & Forecast 2019-2030, (Million Liters)
-Plum Wine- Market Size & Forecast 2019-2030, (Million Liters)
-Others (Dandelion wine, etc.)- Market Size & Forecast 2019-2030, (Million Liters)
-Fortified Wine- Market Size & Forecast 2019-2030, (Million Liters)
-Port- Market Size & Forecast 2019-2030, (Million Liters)
-Sherry- Market Size & Forecast 2019-2030, (Million Liters)
-Vermouth- Market Size & Forecast 2019-2030, (Million Liters)
-Others (Madeira, Marsala, etc.)- Market Size & Forecast 2019-2030, (Million Liters)
-By Distribution Channel
-On-Trade- Market Size & Forecast 2019-2030, (Million Liters)
-Off-Trade- Market Size & Forecast 2019-2030, (Million Liters)
-By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
Explore the Complete Wine Market Analysis Report – https://www.marknteladvisors.com/research-library/wine-market.html
Global Wine Market Driver:
Rising Wine Tourism Boosting the Market Expansion – The trend of wine tourism has gained popularity among consumers who are seeking educational and immersive experiences related to the production and culture surrounding wine. This involves visiting vineyards in wine-producing regions, participating in tastings, and discovering more about winemaking processes. The hotspots for wine enthusiasts comprise conventional winemaking regions such as France, Italy, Spain, and America alongside upcoming New World vineyards. Hence, this leads to the direct sales of wines to the consumers as they purchase the bottle of wines they’ve tasted.
Further, wine tourism results in increasing brand awareness among the consumers leading to future purchases. Also, the execution of numerous wine events across the globe has impacted the growth of the Wine Market. The participation of enthusiasts, novices, and industry experts in these events leads to awareness and exposure to new flavors and brands. Therefore, this results in a positive impact on the Global Wine Market..
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