Wine Market Size, Regional Analysis and Trends Forecast till 2021
The Global Wine Market is subject to witness a substantial growth due to the rising penetration of the wine based on increasing popularity between consumer and lower percentage of Alcohol by Volume (ABV). Factors responsible for sustained market growth, in the recent years, are easy availability of wide range of wine products with differential flavors consisting of various categories and price range such as premium, and luxury wines. Increasing production in the North America region is expected to favor the market growth in the upcoming years as well. Globally, the wine market is predicted to grow at high CAGR over the forecast period, providing numerous opportunities for market players to invest in research and development in the wine market.
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