Precision Business Insights (PBI) in its report titled “Global Wine Market”: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 20XX-20XX and Forecast 20XX-20XX” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast.
Wine is an alcoholic beverage made from grapes, without the addition of acids, enzymes, sugars, water, and other nutrients. Yeast helps in the consumption of the sugar in the grapes and converts it into carbon dioxide and ethanol. Further, a particular strain of yeast is added to the primary fermented product so as to obtain the desired wine. In wine, the bacteria or yeast converts the sugar, which is present in grapes, to ethanol and carbon dioxide. According to the sugar fermented, the taste of wines differs. For instance, if there is a high amount of sugar in wine it is a dessert wine. There are six basic processes involved in the production of wine, namely destemming and crushing, alcoholic fermentation, drawing the wine off the lees, malolactic fermentation, stabilization and ageing and refinement in bottle. The quality of wine increases with the time of ageing.
The global wine market is primarily driven by the rise in population consuming wine and considering it as a way of social recognition. Changing lifestyle and rising income among consumers are fuelling the global wine market. However, rising prices of wine due to high production costs are creating a restraint for the global wine market. Wine is mainly consumed among some sections of the population, as all the sections cannot afford wine. Moreover, rising government rules and regulations and imposition of taxes are hindering the expansion of the global wine market.
North America and Europe are expected to hold a major share of the wine market due to the rising grape production in these regions. The U.S is projected to dominate the wine market in the near future due to increasing grape cultivation and modernized processing methods. However, Asia Pacific, which includes China, India, and Japan, is likely to expand rapidly during the forecast period due to the rising number of retail companies of wine in the region. The 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 the region of China, India, and Japan. The 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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Some of the key players in the global wine market include:
• Constellations Brand
• E & J Gallo Winery
• Treasury Wine Estates
• Vina Conch y Toro
• Distell Group
• Global Drinks Finland
• International Beverage Holdings
• John Distilleries
• Soyuz Victan and SPI Group
• Accolade Wines
• The Wine Group.
Major players are frequently engaged in developing different wines so that they can provide a new quality of the wine.
The segments of the global wine market as follows:
Global Wine Market: Colour Segment Analysis
• Red Wine
• Rose Wine
• White Wine
Global Wine Market: Product Type Segment Analysis
• Still Wine
• Sparkling Wine
• Dessert Wine
• Fortified Wine
Global Wine Market: Distribution Channel Segment Analysis
• Supermarket and Hypermarket
• Specialty Stores
• Convenience Stores
• Online Channels
Global Wine Market: Regional Segment Analysis
• North America
o The U.S.
• Asia Pacific
• Latin America
• The Middle East and Africa
For more information: https://precisionbusinessinsights.com/market-reports/global-wine-market-2/
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