Global Wine Market to Grow to $395078 million by 2025

From: Inkwood Research
Published: Wed Jul 19 2017

Browse 13 market data Tables and 51 Figures and in-depth TOC on "Global Wine Market Forecast 2017-2025".

The rapid urbanization and increased disposable income have led to the change in consumption and lifestyle habits. Wine is being globally accepted in celebrations and social occasions. The increased promotional and marketing activities and the creative packaging are the major drivers of the market.

The global wine market is segmented on the basis of distribution channels into liquor stores, hypermarkets and supermarkets, duty-free, online retailing and other channels. Geographically the wine industry can be segmented into North America, Europe, Asia-Pacific, Middle-East and Africa, and Latin America.

Hypermarkets and Supermarkets to dominate the wine market

Hypermarket and supermarket held a colossal share of the wine market by distribution channel in 2016 and is expected to continue its dominance throughout the forecast period. Wine and other alcoholic drinks are one of the typical products segments in hypermarkets and supermarkets. The convenience of shopping and the wide range of choices make hypermarkets and supermarkets popular amongst consumers. The urbanization has led to an increase in the number of hypermarkets and supermarkets.

Europe to be the market leader in the global wine market

Europe is expected to have the largest market share in the wine market in the forecast period. The growth of the European wine market may be attributed to the large scale production of wine in the region. The favorable EU regulations on wine import and the increased disposable income amongst the population also contribute to the growth of the market in the region.

The strict rules and regulations in certain regions and accessibility to alternative products are some factors that are restraining the growth of the market. The huge taxation and restrictions on advertising are the major roadblocks in the growth of the wine market.
The major players in the wine market are Bacardi Limited, The Wine Group, E & J Gallo Winery, Accolade Wines, Treasury Wine Estate, Remy Cointreau, Constellation Brands Inc., Miguel Torres SA, Vina Concha y Toro, Andrew Peller Ltd, Pernod Ricard, Diageo Plc, AMVYX, Castle Group and Gruppo Campari.

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