Growing worldwide population acts positively for Global Wine Market

1. Growing worldwide population acts positively for Global Wine Market Market overview: The global Wine Market was at USD 302.02 billion in 2019 and is estimated to reach a valuation of USD 423.59 billion by 2025 at a CAGR of 5.8% during the outlook period. Wine is an alcoholic beverage from which alcohol is produced during the natural fermentation process. The fermentation process is carried out mainly by bacteria present on the grape skins. The grapes used in wine production are called wine grapes because they are different from ordinary grapes. Wine grapes are smaller, have a spicy taste, and have thick, chewy skin. Red grapes are used to produce red and rosé wines, while white grapes are used to produce white wine. Recent developments: •In March 2018, Accolade Wines introduced its first ever Echo Falls product in the Prosecco segment. With this launch, the Prosecco market has grown along with the high growth rate of the wine industry. Market Drivers and Restrains: The rapidly growing young population with increasing disposable income in many developing countries around the world is expected to drive the growth of the global wine market. The fast-growing foodservice industry is likely to stir demand for wine around the world. Rapid urbanization, high disposable incomes and changing lifestyles are some of the growth engines of the global wine market as wine products rise in popularity during social events. Health- friendly wines are gaining social recognition that drives market growth. Meanwhile, heavy taxes levied on wine by the governments of various countries may hamper the growth of the global wine industry. Heavy government taxes and legal regulations on wine are a major factor limiting the growth of the global wine market. High wine prices are expected to slightly hamper market growth. Also, the availability of other alcohol substitutes may hamper the growth of the worldwide market. Rising wine prices due to high production costs are limiting the market. In addition, the increase in government rules and regulations and the imposition of taxes are hampering the expansion of the global wine market.

2. To know more read: https://www.marketdataforecast.com/market-reports/wine-market Report is segmented as: The global wine market is segmented by color into rosé wines, red wines and white wines. The red wine segment is supposed to dominate the world market. Depending on the type of product, the market is divided into sparkling wines, dessert wines, wines and fortified wines. The sparkling wine segment is projected to expand rapidly with the rising demand as a celebration wine. On the basis of distribution channels, the market is divided into specialty stores, supermarkets and hypermarkets, online channels, and convenience stores. The supermarket and hypermarket segments are predicted to dominate the global wine market during the outlook period. Geographical Segmentation: North America is foreseen to continue its lead as an important region due to augmented swine production. Growth in Europe is anticipated to be stable as there are already many wine producers and wineries in the region. The Asia Pacific region is supposed to experience the highest growth rates in the outlook period due to growing demand for wine and increased production in developing countries. Latin America, the Middle East and Africa are also envisioned to see a steady increase in wine market demand during the projection period. Key market players: Key players in the global wine market include E&J Gallo Winery, Constellations Brand, Treasury Wine Estates, Torres, Distell Group, Vina Conch y Toro, Accolade Wines, International Beverage Holdings, Global Drinks Finland, Soyuz Victan, John Distilleries. , SPI Group and Wine Group. View sample and decide: https://www.marketdataforecast.com/market-reports/wine-market/request- sample Scope of the report:

3. The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity. What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and 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. For more information: Contact Us: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/