Jul 20, 2020 (Market Insight Reports) -- The Wine Market Growth, Trends, And Forecasts 2020 to 2025 present an in-depth assessment of the Station Wine It provides the industry overview with market growth analysis with a historical & futuristic perspective considering the following parameters; cost, revenue, demands, and supply data (as applicable). The bottom-up approach was used to estimate the market size of Station Wine based on end-use applications in the various regions, in terms of USD million. The report covers the historic growth of the market, the impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for Wine investments from 2020 to 2025.
Top Companies in the Wine Market
E&J Gallo, Pernod-Ricard, The Wine Group, Castel, Accolade Wines, Constellation Brands, Treasury Wine Estates, Cantine Riunite & CIV, Grupo Penaflor, Concha y Toro, Casella Family Brands, China Great Wall Wine, Diageo, Bronco Wine, Antinori, Trinchero Family Estates, Kendall-Jackson Vineyard Estates, Changyu, Caviro, among others.
The global wine market is projected to grow with a CAGR of 5.8%, during the forecast period (2020 – 2025).
– The wine market is driven by increasing demand for wine, due to its health benefits and premiumization of wine products, coupled with innovation in flavor and more advanced distribution networks, globally.
– Changing taste and new preferences among consumers, along with increasing demand for new and exotic flavors, such as Riesling wine and other tropical fruit wine are expected to fuel the growth of the wine market.
– Asia-Pacific is expected to witness rapid growth, during the forecast years. This is due to an increase in the number of companies that produce wine in China, India, and Japan. An increase in demand for premium wines and growing westernization also act as factors that drive the growth of the wine market in this region.
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Surging Demand for Sparkling Wines
Sparkling wine, especially Champagne, is considered as a status symbol. Wineries, across the world, are launching varieties of sparkling wines through their brands in a bid to stay ahead of the competition and garner and sustain consumer interest. The sparkling wine segment is fragmented with the presence of several producers, wineries, and distributors. Additionally, new packaging offerings like cans and minis have made sparklers more viable as an every-day drink. Therefore, sparkling wine is becoming food-friendly at restaurants, bars, and households. Champagne brands, such as Veuve Clicquot and Mot & Chandon lead the sparkling wine segment, in terms of the retail value of both domestic and import trade.
Increasing Wine Consumption in the Asia Pacific Asia-Pacific is leading in the demand for wine, with China dominating the market in the region. Australia is second in the consumption of wine in Asia-Pacific, followed by Japan. India is the fastest-growing country in terms of wine consumption and registered a growth rate of 7.3%. Philippines, South Korea, and Vietnam are the other potential wine consuming markets in Asia-Pacific. Hong Kong has no import tax for wine, which is a driving factor for the market. China is one of the leading markets for red wine consumption, giving tough competition to France and Italy. Notably, the consumption of red wine is more of a tradition in China, as the color red is considered lucky in the country. Brazil and Argentina are other key countries, reflecting the future growth prospects in the wine market. The two nations are majorly driven by an expanding middle class, coupled with marketing campaigns run by major importers, such as Expand Importadora and Interfood Importao, which are aiming to promote the culture of wine drinking, particularly in the case of Brazil.
The Wine market can be divided based on product types and its sub-type, major applications and Third Party usage area, and important regions.
This report segments the Wine Market based on Types are:
Price below 20 USD
Price 20-50 USD
Price over 50 USD
Based on Application, the Wine Market is Segmented into:
The report has 150 tables and figures browse the report description and TOC https://www.marketinsightsreports.com/reports/07202152093/wine-market-growth-trends-and-forecast-2020-2025?Mode=46&Source=MW
Regions are covered By Wine Market Report 2020 To 2025.
North America, Europe, China, Japan, Southeast Asia, India.North America (USA, Canada, and Mexico).Europe (Germany, France, UK, Russia, and Italy).Asia-Pacific (China, Japan, Korea, India, and Southeast Asia).
Significant Features that are under Offering and Key Highlights of the Reports:
-Detailed overview of Wine Market
-Changing Wine market dynamics of the industry
-In-depth market segmentation by Type, Application, etc.
-Historical, current and projected Wine market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of Wine Market
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.
Frequently Asked Questions About Wine market:
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– Country Level analysis for any 5 countries of your choice.
– Competitive analysis of any 5 key market players.
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All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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