Europe and North America lead the global Cabernet Sauvignon market, driven by rising wine consumption and production. Asia-Pacific shows rapid growth.
Cabernet Sauvignon: Market Overview
Cabernet Sauvignon is among the most commonly known red wine grape varieties in the world. This is grown in a wide range of climates in almost every major wine producing country from the Okanagan Valley of Canada to the Beqaa Valley in Lebanon.
The Cabernet Sauvignon wine is considered to have a dark colour, full body and more than 13.5% alcohol content. The Cabernet produced in countries such as Chile, Australia, and California have an alcohol content of 14.5% and often go over 15%.
The differences in wine stem from the dynamic relationship between the grapes’ biochemical developments. In Southern and Northern hemisphere, grapes suitable for wine-making are mainly grown between the 30th and 50th degrees of latitude.
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Over the forecast years Asia-Pacific is expected to see rapid growth. This is attributed to a rise in the number of cabernet sauvignon production companies in India, China and Japan.
Owing to rising demand for quality wines and westernisation are expected to boost market growth in this region.
Rise in Population Consuming Wine Driving the Growth of Global Cabernet Sauvignon Market
The global wine market is primarily driven by the rise in population consuming wine and considering it as a way of social recognition. Changing lifestyle and rising income among consumers are fuelling the global cabernet sauvignon market growth.
However, rising prices of cabernet sauvignon due to high production costs are creating a restraint for the global cabernet sauvignon market.The major factors driving the growth of the global cabernet sauvignon market are premiumization and health benefits of wine products along with flavour innovation and more sophisticated distribution networks around the globe.
The cabernet sauvignon contains antioxidants that compete with free radicals in order to prevent diseases like cancer. In addition, emerging economies such as China and India are increasingly in demand for cabernet sauvignon also contributing to the global cabernet sauvignon market.
Cabernet Sauvignon Market: Key Players
There are some of the key players boosting the growth of global cabernet sauvignon market includes
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Cabernet Sauvignon Market: Regional Analysis
The Europe and North America are expected to holds the maximum share of global cabernet sauvignon market due to rising grape production in these regions. Leading to rising grape production and modernized manufacturing processes, the U.S. is expected to dominate the wine industry in the future.
Nonetheless, Asia Pacific, which includes India, China and Japan is expected to grow rapidly over the forecast period due to the region’s growing number of wine retail companies.
Hong Kong does not have an import tax on wine which is a demand driving force. China is one of the leading cabernet sauvignon consumption markets, offering France and Italy a strong competitive edge. In fact, cabernet sauvignon consumption is more of a tradition in China, because the colour red is considered lucky in the country.
The research report presents a comprehensive assessment of the cabernet sauvignon market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.
The research report provides analysis and information according to market segments such as grape variety, product type, flavours, distribution channel & region.
The report covers exhaustive analysis on:
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Regional analysis includes:
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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The article discusses the dominance of Europe and North America in the global Cabernet Sauvignon market.
Asia-Pacific's growth is due to increased wine production and consumption in countries like China and India.
Key factors include rising wine consumption, premiumization, and health benefits of wine.
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