MarkNtel Advisors has recently published a research report that delves into the Wine Market Research Report: Forecast (2024-2030). This report aims to improve user comprehension and facilitate informed decision-making by thoroughly examining significant changes, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges. Utilizing both qualitative and quantitative data, the report provides a comprehensive overview, offering detailed growth prospects and succinct insights into competitors to familiarize both established businesses and newcomers with the current market scenario.
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Wine Market Insight and Analysis:
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
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.
Wine Industry Segmentation Insights:
-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)
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-By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
Top Companies in Wine Market : 2024-2030
A thorough examination of the competitive landscape of the market involves a comprehensive analysis of its key competitors. This analysis delves deep into each company's profile, financial achievements, market presence, potential, Research and Development (R&D) expenditures, recent strategic initiatives in the market, footprint, strengths, weaknesses, and market dominance. The information provided offers a comprehensive overview of the leading market players, including 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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