Global wine market expected to be worth around $ 680.99 billion by 2028


NEW YORK, October 18, 2021 / PRNewswire / – Zion Market Research has released a new report titled “Wine market by color (Red wine, Rosé wine, white wine and others), by Product Type and Distribution Channel: Global Industry Outlook, Comprehensive Analysis and Forecast, 2021-2028 “. According to the report, the global wine market was valued at around $ 430.99 billion in 2021 and should generate a turnover of around $ 680.99 billion by the end of 2028, with a CAGR of around 6.2% between 2021 and 2028.


Market growth dynamics

Moderate consumption of wine improves lipoprotein metabolism while keeping the heart healthy. Apart from this, experimental studies have revealed that the presence of polyphenols in red wine and its ability to destroy free radicals in the human body will help prevent heart problems in adults and the elderly. All of these aspects will guide the market expansion during the forecast period. In addition to this, the consumption of red wine improves glucose metabolism and improves endothelial function and reduces inflammation as well as blood lipid control functions.

In addition, rapidly changing lifestyles and increasing disposable income will accelerate market growth over the next few years. Apart from this, a massive preference for exotic wine flavors like tropical fruit wine and Riesling wine will drive the expansion of the wine industry in the years to come. Nevertheless, the introduction of strict laws by government authorities on the sale of wine as well as high taxes on the importation of wine will create obstacles to the growth of the wine industry in the years to come.

Get a sample PDF of this research report for more information with a table of contents, research methodology and graphics –

Regional industry analysis

The wine market is segmented on the basis of color into red wine, rosé wine, white wine and others. The red wine segment is expected to dominate the global wine market. Depending on the type of product, the market is divided into still wines, sparkling wines, dessert wines and fortified wines. The still wine segment is expected to dominate the market, but the sparkling wine segment is expected to grow rapidly due to its growing demand as a party wine. Based on the distribution channel, the market is divided into supermarkets and hypermarkets, specialty stores, convenience stores, online channel and others. The supermarket and hypermarket segment is expected to dominate the global wine market during the forecast period.

North America, Europe, Asia Pacific, Latin America and Middle East & Africa are the regional segments of the global wine market. North America is expected to remain the main region during the forecast period due to increased wine production. Growth in Europe should be stable as there are already a number of wine producers and wineries in this region. The Asia Pacific is expected to show the highest growth rate during the forecast period due to increasing demand for wine and growing wine production in developing countries. Latin America and Middle East & Africa are also expected to show a steady increase in demand for the wine market during the forecast period.

Request customization on this report according to your needs –

Asia-Pacific area to primarily account for market revenue by 2028

The growth of activity in the region over the period 2021 to 2028 can be credited with increasing in the presence of retail wine stores in countries like India and China with a flourishing online purchase of the product. Apart from this, a large consumption of wine during festivals as well as huge discounts and offers during Christmas will lead to the expansion of business in the subcontinent during the evaluation period. In addition to this, loyalty coupons or promotional codes offered by various companies like Bacardi and other famous wine producers to attract new customers and retain existing customers in Asian countries will greatly contribute to the industry’s revenue. the region during the forecast period. Apart from that, a surge in popularity of premium wines will add to the region’s flourishing wine business in the years to come.

The main players influencing the growth of the company are International Beverage Holdings, Accolade Wines, Constellations Brand, Soyuz Victan and SPI Group, E & J Gallo Winery, Torres, Global Drinks Finland, Treasury Wine Estates, John Distilleries, Vina Conch y Toro, Distell Group and The Wine Group.

Educate yourself before purchasing this research report –

This report segments the global wine market as follows:

Global Wine Market: Color Segment Analysis

  • Red wine

  • Rosé wine

  • White wine

  • Others

Global Wine Market: Product Type Segment Analysis

  • Still wine

  • Sparkling wine

  • Dessert wine

  • Fortified wine

Global Wine Market: Distribution Channel Segment Analysis

By region

  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • Middle East & Africa

Browse other related research reports from Zion Market Research

About Us:

Zion Market Research is a committed business. We create futuristic, cutting edge informative reports ranging from industry reports, company reports to country reports. We provide our clients with not only market statistics unveiled by recognized private publishers and public organizations, but also trend reports and the latest industry reports as well as profiles of preeminent and niche companies. Our database of market research reports includes a wide variety of reports from cardinal industries. Our database is constantly updated in order to satisfy our customers with fast and direct online access to our database. With customer needs in mind, we have included expert information on global industries, products and market trends in this database. Last but not least, we make a point of ensuring the success of the clients who are related to us, after all, if you are doing well, a little light shines on us.

Contact us:

Sion market research
244 Fifth Avenue, Suite N202
new York, 10001, United States
Phone. : + 49-322 210 92714
United States/ Canada Toll free number + 1-855-465-4651
AMERICAN OFFICE N ° + 1-386-310-3803
E-mail: [email protected]
Blog –
Follow us on LinkedIn –



View original content:—zion-market – search-301402293.html

SOURCE Zion Market Research

Source link


Leave A Reply