Pernod Ricard, E.& J. Gallo Winery and Constellation Brands, Inc. have Dominated the Global Premium Wine Market in 2021

Global Premium Wine Market is expected to grow with the CAGR of 6.5% in the forecast period of 2022 to 2029. The years considered for study are as mentioned below.

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Global premium wine market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.   

The major players dealing in global premium wine market are introducing strong range of wine products and services and adopting strategic initiative such as acquisition, innovation into the market. This helped companies to maximize the sales with enhanced services portfolio.

For instance;

• In June 2022, Pernod Ricard announced the launch of a digital label system to better inform consumers about the products they purchase as well as responsible drinking. This initiative aims to offer consumers an efficient solution to their desire for more transparency on product content and health information

Pernod Ricard is the market leader in premium wine manufacturing market globally. The other player in this market are E. & J. Gallo Winery, Constellation Brands, Inc, Treasury Wine Estates, Castel, Vina Concha y Toro, Casella, Chateau Cheval Blanc, The Wine Group, Accolade Wines, Grupo Penaflor, Changyu Pioneer Wine Company, Miguel Torres S.A, Sula Vineyards, Fetzer, Henschke, Leeuwin Estate Winery, Mount Marry Vineyard,Vins Grands Crus, Rockford, Cullen Wines, Giaconda, Bass Philip, Moss Wood among others.    

Pernod Ricard

Pernod Ricard is headquartered in Paris and was founded in 1975. The company focuses on unique portfolio of strong, premium brands, long-term customer centric strategy, highly dedicated teams as well as sustainable & responsible approach to everything they do which make them the world’s leader in Wine.

The company is manufacturing various wine brands like Strategic international brands, Prestige brands, Specialty brands, Strategic local brands & Non-Alcoholic brands. It is also constantly engaged with innovation & developments of its wine brands worldwide.

For instance;

• A European pilot program has been launched in July 2022, before being rolled out globally across all brands in the Group’s portfolio by 2024. This has helped company to provide better services to consumers through such innovations in the organization.

The company has wide presence across North America, Europe, Asia-Pacific, Middle- East & Africa & South America.

E. & J. Gallo Winery

E. & J. Gallo Winery is headquartered in California, U.S & was founded in 1933. The company focuses on delivering world class wines, spirits & other alcoholic beverages for every occasion worldwide (more than 100 countries) by ensuring the cultivation of excellent grapes, wine making process as well as the proper distribution & marketing of these products.

For instance;

• In August 2022, E. & J. Gallo Winery announced that the Gallo is the official Wine Sponsor of the National Football League (NFL). This has helped company to increase their global presence in the market

The company has presence in North America, Europe, Asia-Pacific, Middle East & Africa and South America.

Constellation Brands, Inc.

Constellation Brands, Inc is headquartered in New York, U.S & was founded in 1945. The company focuses on visionary leadership & a team of smart, diverse talent who fuel their goals. It also focusses on creating new experiences that bring people together & elevate their lives.

It manufactures various products like beer, wine & spirits by using their advanced technology & machinery.

For instance;

• As per the Company’s Press release in Oct 2022, the company has announced to divest a portion of its main stream & premium wine portfolio as it has reached an agreement with The Wine Group, while it’ll continue to invest in the growth of its remaining strategic mainstream wine & spirit assets.

The company has presence in North America, Europe, and Asia-Pacific.