Wine market Demand Analysis in 2020, Global Revenue, Top Companies Growth Forecast to 2028

Posted 2 years ago in Other.

Key companies covered in the Wine Market are John Distilleries (India) Distell Group Limited (South Africa)

Wine market Demand Analysis in 2020, Global Revenue, Top Companies Growth Forecast to 2028

The global wine market size is  to reach USD 456.76 billion by 2028 on account of the increasing adoption of a lavish and wealthy lifestyle. Wine is an alcoholic drink made of fermented grape juice. The yeast helps to consume the sugar present in the grapes and changes it to carbon dioxide, ethanol, and heat. The variety of strains of yeasts and grapes produces different types of wine. Wine has been consumed by people for thousands of years and also has religious importance. Wine also has health benefits when consumed in limits. The market value was USD 339.53 billion in 2020 and is likely to exhibit a CAGR of 4.30% between 2021 and 2028.

What are the Highlights of the Report?

The report provides a 360-degree overview of the market and various factors driving, restraining, challenging, and creating opportunities for the market. It also discusses the table of segmentation based on factors such as type, flavor, distribution channel, and geography, and lists the names of leading factors.  Furthermore, the report highlights current trends prevalent in the market, significant industry developments, and other interesting insights into the market. To purchase this report, refer to the company website.

Market Drivers

Rising Adoption of Wine as a Sign of Social Status will Propel Growth

The rising adoption of alcohol as a social drink is a major wine market driver. This, coupled with modernization, westernization, and promotion of alcohol consumption socially will also add impetus to the market in the coming years. Wine and alcohol consumption has now become a social status and this supports the growth of alcoholic beverages worldwide.

List of Wine Market Manufacturers include:

  • John Distilleries (India)
  • Distell Group Limited (South Africa)
  • Sula Vineyards Pvt. Ltd. (India)
  • E & J Gallo Winery (U.S.)
  • Treasury Wine estates (Australia)
  • The Wine Group (U.S.)
  • International Beverage Holdings (Thailand)
  • Halewood Wines International (U.K.)
  • Accolade Wines, Plc. (U.S.)

Information  Source:

https://www.fortunebusinessinsights.com/wine-market-102836

 

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