New York, According to a new market research report published by Global Insight Services “Wine Market is estimated to be more than $425bn in 2021 and expected to increase at the rate of more than 6% over the forecast period.”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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Key Players
- E. & J. Gallo Winery
- The Wine Group
- Constellation Brands
- Treasury Wine Estates
- Ste. Michelle Wine Estates
- Pernod Ricard
- Brown-Forman
- Castel
- Beijing Yanjing Beer Group Corporation
Key Trends
In recent years, there has been a shift in the wine market. More and more people are interested in trying new wines and are willing to spend more money on wine. This has led to an increase in the number of wineries and vineyards. There has also been a trend towards organic and biodynamic wines.
Technology has also changed the way wine is made and sold. Wineries are using new technologies to track their grapes and monitor their wines. They are also using social media to market their wines and connect with customers. Online wine retailers are making it easier than ever to find and buy wine.
Key Drivers
One of the key drivers has been the increasing popularity of wine among millennials. This demographic is increasingly interested in wine, with many seeking out new and interesting varieties.
Another driver has been the growth of the online wine market. More and more consumers are buying wine online, often from specialist retailers. This has made it easier for consumers to find wines that suit their taste and budget.
Finally, the wine industry has benefited from a general trend towards more premium wines. Consumers are increasingly willing to spend more on wine, particularly if it is seen as a special occasion purchase. This has helped to drive up average prices and margins in the wine market.
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Market Segments
By Product
- Table Wine
- Dessert Wine
- Sparkling Wine
By Distribution Channel
- Online
- Superstores
- Specialty Stores
- Grocery Stores
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With Global Insight Services, you receive:
- 10-year forecast to help you make strategic decisions
- In-depth segmentation which can be customized as per your requirements
- Free consultation with lead analyst of the report
- Excel data pack included with all report purchases
- Robust and transparent research methodology
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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