Global Wine Market
Wine Market Size And Forecast
According to Verified Market Research, Global Wine Market is expected to grow at a CAGR of 5.3% from 2019 to 2026.
Global Wine Market Outlook
Increasing demand for wine due to its health benefits and premiumization of wine products, along with innovation in flavor and more advanced distribution networks, globally are the major factors increasing the demand for wine. Moreover, growing westernization, new preferences and changing taste among consumers and increasing demand for new and exotic flavors such as Riesling wine and other tropical fruit wine has also expected to propel the growth of the wine market. Furthermore, new product launches also drive market growth. For instance, in July 2018, Accolade Wines launched Batch X. This Batch X contains two new wines that helped in completing consumer needs. On the other hand, strict rules and regulations in some regions and the availability of alternative products are some factors that might stagnate the growth of the wine market.
Global Wine Market Competitive Landscape
The Global Wine Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as AMVYX, Accolade Wines, Castel Group, BACARDI, The Wine Group, Pernod Ricard, Davide Campari-Milano S.p.A., John Distilleries, Constellation Brands, Inc., India, Compagnia del Vino SRL.
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