Still Wine Market Research, Gross Ratio, Driven Factors, and Forecast 2030
Still Wine Market Analysis
The global still wine market size is
predicted to grow at a healthy CAGR between 2022-2030, states the latest Market
Research Future (MRFR) report. Still wine, simply put, is a fermented beverage
made from grape juice. The still winemaking process includes the removal of
carbon dioxide that makes them still and not fizzy, sparkling, or bubbly. It is
of three types- red, white, and rose. The process for red, white, and rose
still wine production differs. Red wine is made with black grapes and ranges
from bold to light. White wine is produced from white grapes, and occasionally
black and its flavors span from rich to light. Rose wine is made from black
grapes by removing the skins before these stains the beverage deep red. It is
also made by blending together white and red wine. Both sweet and dry rose
wines are common. Proper still wine service may be intimidating if one is not
sure of the steps. Still wine must be poured at the center of the wine glass,
and the glass must be horizontal and level, ideally on the table.
Various factors are propelling the still
wine market share. Such factors, according to the latest Market Research
Future report, include the rising popularity of wine, changing lifestyles,
rising disposable income, rising production of wine, and increasing awareness
about the benefits of consuming wine. Still wine has resveratrol, which helps
in fighting fungus and bacteria, protects from UV radiation, and also cuts down
the risk of cancer, type 2 diabetes, heart diseases, and dementia. This is also
contributing to market growth.
On the contrary, still wine, when consumed
in excess, can result in stroke, hypertension, mental health problems, and
addiction, which may impede the still wine market insights during the forecast
period.
Key Players
Notable players profiled in the still wine
market report include Pernod Ricard (France), Castel Group (France), Treasury
Wine Estates (Australia), E.&J. Gallo Winery (US), Concha y Toro (Chile),
Diageo (UK), The Wine Group (California), Miguel Torres SA (Spain),
Constellation Brands, Inc. (US), and Accolade Wines (Australia). Key players
have adopted specific strategies to stay ahead in the competition, such as new
product launches, mergers and acquisitions, research and development
activities, collaborations, joint ventures/partnerships, and more.
Market Segmentation
The Market Research Future report provides
an all-inclusive segmental analysis of the still wine market outlook based on
distribution channel and type.
By type, the still
wine market research report is segmented into rose wine, red wine, and
white wine. Of these, the red wine segment will lead the market during the
forecast period owing to the different health benefits that it offers. This
will be followed by the white wine segment.
By distribution channel, the still wine
market is segmented into non-store and store. The store segment is again
segmented into specialty stores, supermarkets and hypermarkets, and others. Of
these, the supermarkets and hypermarkets segment will dominate the market
during the forecast period.
Regional Analysis
By region, the still wine market report
covers the latest trends and growth opportunities across North America, the
Asia Pacific, Europe, and the Rest of the World. Of these, Europe will have the
lion’s share in the market during the forecast period for the high production
as well as consumption of wine in Germany, Spain, France, and Italy, and the
burgeoning demand for still wine.
The still wine market in the APAC region
will grow at the fastest pace during the forecast period for the increasing
consumption of wine. The rising export of Australian wine to China owing to the
rising awareness coupled with the 2015 China-Australia Free Trade Agreement is
also adding to the market growth in the region.
The still wine market in North America will
have a favorable growth during the forecast period while that in the RoW will
have a steady growth.
Industry News
November 2019: Chateau d’Esclans, the
worldwide leader in rose wines, has joined Moet Hennessy’s range of spirits and
wines to continue to delight and please clients across the world with their
outstanding Rose de Provence wines.
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