Taste of Merlot Red Wine Dominates The Market Growth In Europe With More Than 1/2 of the Regional Contribution
Taste of Merlot Red Wine Dominates The Market Growth In Europe With More Than 1/2 of the Regional Contribution
Published by top news
Posted on August 26, 2021
US Food and Beverages Industry Reliant on Digital Technology for Growth Since the unprecedented outbreak of novel coronavirus and consequent shelter-in-place orders, the U.S. food and beverages industry readjusted with the new normalization of relying on digital platforms to maintain the steady growth.The U.S. food & beverage industry manufacturers are relying on e-commerce platforms to cater the consumers demand. Consumers adapting to the life under restrictions, heavily relied on online retail platforms, prompting the market players to adopt advanced technologies to maintain their position in the industry.
According to Fact.MR’s analysis on the red wine industry, the market is anticipated to reach a valuation of US$ 125 Bn, expanding at a CAGR of over 5% across the 2021-2031 assessment period. In the near-term forecast, the industry is projected to be valued at US$ 78 Bn by 2022, reflecting a CAGR of over 2%.
From 2016 to 2020, sales of red wine expanded sluggishly at a CAGR of nearly 2%. This restricted trajectory was largely a result of limited market penetration across several markets coupled with the highly premium nature of wines, rendering them highly expensive. Prospects declined amidst the COVID-19 pandemic, as distilleries ceased operations while consumers drifted towards consuming more health boosting beverages.
Manufacturers are capitalizing on the surging popularity of the organic wine sector, which has seen tremendous growth in recent years. Increased foray towards consuming naturally-derived products is mainly boosting its popularity. Documented benefits upon consumption, including reduction in cholesterol levels, high antioxidant properties and elimination of free radicals from the body are all expected to fuel organic red wine consumption.
Competition Dashboard
Fact.MR has profiled some of the prominent companies in the red wine market which are
Accolade Wines Australia Limited
Casella Family Brands
Caviro
Viña Concha y Toro SA
Constellation Brands
Diageo Plc
E&J Gallo Winery
Grupo Peñaflor
The Wine Group
Treasury Wine Estates.
Free Mindfulness Meditation Apps to Gain Trajectory Boost during 2021-2031 –
The semi-sweet segment is the most popular by sweetness level and it accounts for a revenue share of more than 2/5th in the red wine market. The semi-sweet segment in Europe alone is on track to be worth just under US$ 16 billion in 2022. However, APEJ should record a higher CAGR during this period. Sweet wine is considerably smaller with a revenue share of a quarter of the red wine market. As is the case with the semi-sweet segment, companies may wish to target APEJ as it represents the highest growth opportunity in the red wine market
The trade segment is the largest sales channel in the red wine market and companies are advised to take this into consideration while devising their long-term distribution strategies. The trade segment could be worth more than US$ 28 billion by the end of 2022, making it a sales channel that can hardly be ignored in the red wine market. On the other hand, grocery stores are estimated to be extremely popular in APEJ and Latin America and key stakeholders may seek to target these in the red wine market
E-commerce is currently much smaller than the trade segment in the red wine market but it can safely be said that it is the future of most sales channels. As Internet connectivity improves in emerging markets, consumers will definitely seek out the comfort and convenience of ‘anywhere, anytime’ red wine shopping. A market approaching US$ 8.7 billion in Europe in 2022 makes e-commerce the sales channel to watch out for and companies that do not cater to online shoppers may risk being left behind in the red wine market
The market opportunity that exists in the light bodied and medium bodied segment is fairly similar as both contribute 2/5th revenue share in the red wine market. APEJ seems to show a greater preference for light bodied red wines as the CAGR for the period 2017-2022 is 4.1% In the case of medium bodied wines, companies could focus their attention on either Latin America or North America in the red wine market
Full-bodied wines are notably less popular than either light or medium bodied wines in the red wine market. Nonetheless, a market exceeding US$ 7.7 billion in Europe alone in 2022 makes it unwise to ignore full bodied wines entirely in the red wine market
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Contact:
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11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
US Food and Beverages Industry Reliant on Digital Technology for Growth Since the unprecedented outbreak of novel coronavirus and consequent shelter-in-place orders, the U.S. food and beverages industry readjusted with the new normalization of relying on digital platforms to maintain the steady growth.The U.S. food & beverage industry manufacturers are relying on e-commerce platforms to cater the consumers demand. Consumers adapting to the life under restrictions, heavily relied on online retail platforms, prompting the market players to adopt advanced technologies to maintain their position in the industry.
According to Fact.MR’s analysis on the red wine industry, the market is anticipated to reach a valuation of US$ 125 Bn, expanding at a CAGR of over 5% across the 2021-2031 assessment period. In the near-term forecast, the industry is projected to be valued at US$ 78 Bn by 2022, reflecting a CAGR of over 2%.
From 2016 to 2020, sales of red wine expanded sluggishly at a CAGR of nearly 2%. This restricted trajectory was largely a result of limited market penetration across several markets coupled with the highly premium nature of wines, rendering them highly expensive. Prospects declined amidst the COVID-19 pandemic, as distilleries ceased operations while consumers drifted towards consuming more health boosting beverages.
Manufacturers are capitalizing on the surging popularity of the organic wine sector, which has seen tremendous growth in recent years. Increased foray towards consuming naturally-derived products is mainly boosting its popularity. Documented benefits upon consumption, including reduction in cholesterol levels, high antioxidant properties and elimination of free radicals from the body are all expected to fuel organic red wine consumption.
Competition Dashboard
Fact.MR has profiled some of the prominent companies in the red wine market which are
Accolade Wines Australia Limited
Casella Family Brands
Caviro
Viña Concha y Toro SA
Constellation Brands
Diageo Plc
E&J Gallo Winery
Grupo Peñaflor
The Wine Group
Treasury Wine Estates.
Free Mindfulness Meditation Apps to Gain Trajectory Boost during 2021-2031 –
The semi-sweet segment is the most popular by sweetness level and it accounts for a revenue share of more than 2/5th in the red wine market. The semi-sweet segment in Europe alone is on track to be worth just under US$ 16 billion in 2022. However, APEJ should record a higher CAGR during this period. Sweet wine is considerably smaller with a revenue share of a quarter of the red wine market. As is the case with the semi-sweet segment, companies may wish to target APEJ as it represents the highest growth opportunity in the red wine market
The trade segment is the largest sales channel in the red wine market and companies are advised to take this into consideration while devising their long-term distribution strategies. The trade segment could be worth more than US$ 28 billion by the end of 2022, making it a sales channel that can hardly be ignored in the red wine market. On the other hand, grocery stores are estimated to be extremely popular in APEJ and Latin America and key stakeholders may seek to target these in the red wine market
E-commerce is currently much smaller than the trade segment in the red wine market but it can safely be said that it is the future of most sales channels. As Internet connectivity improves in emerging markets, consumers will definitely seek out the comfort and convenience of ‘anywhere, anytime’ red wine shopping. A market approaching US$ 8.7 billion in Europe in 2022 makes e-commerce the sales channel to watch out for and companies that do not cater to online shoppers may risk being left behind in the red wine market
The market opportunity that exists in the light bodied and medium bodied segment is fairly similar as both contribute 2/5th revenue share in the red wine market. APEJ seems to show a greater preference for light bodied red wines as the CAGR for the period 2017-2022 is 4.1% In the case of medium bodied wines, companies could focus their attention on either Latin America or North America in the red wine market
Full-bodied wines are notably less popular than either light or medium bodied wines in the red wine market. Nonetheless, a market exceeding US$ 7.7 billion in Europe alone in 2022 makes it unwise to ignore full bodied wines entirely in the red wine market
Share Your Requirements & Get Customized Reports –
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office: 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Tel: +1 (628) 251-1583
