8 months ago

Global Wine Market

Global Wine

Global Wine Market is to hit a value of USD 367 billion by 2022 – Market data forecast Global Wine Market By Distribution Channel And By Region - Global Industry Analysis, Size, Share, Growth, Trends And Forecasts (2016–2022) Global Wine Market was worth USD 310 billion in 2016 and estimated to be growing at a CAGR of 5.1%, to reach USD 367 billion by 2022. The market is showcasing evident potential in the mentioned forecasting period. The market continues to gain momentum with the rapid development in the industry. Wine comes under the category of affordable luxury items, resulting in many Wine producing companies to launch more types of wines in the market. View full report @ The global Wine market is majorly driven by the recent change in lifestyles, increasing habit of consuming liquor, growing disposable income, and rising affordability of Wine. However, some of the restraints hamper the growth of the industry, like heavy taxes, strict regulations by the governments, and health hazards associated with Wine consumption. The Global Wine Market is segmented on the basis of taste into dry, medium, and sweet wine. By wine style, wine market can be segmented into still wine, sparkling wine, dessert wine, and fortified wine. The market segment based on colour are red wine, white wine and rose wine. Get free sample report @ 4661/request-sample On the basis of geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific, Middle-east and Africa and Latin America. The Global Wine Market was dominated by Europe, with the largest market share globally. The Asia Pacific is predicted to show the highest CAGR during the forecasting period and is the second largest market globally. Some of the major companies dominating the market, by their products are Caviro, Concha y Toro, Constellation Brands, Diageo, E & J Gallo, Grupo Penaflor, and Johnnie Walker. Market Segmentation 1) Taste Introduction Dry Wine Medium Wine Sweet Wine 2) Type Still Wine Sparkling Wine Dessert Wine Fortified Wine

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