North America Wine Market, By Type (Still Wines, Sparkling Wines, Fortified Wines and Others), Colour (Red Wine, White Wine, Rose Wine and Others), Product Type (Unflavoured and Flavoured), Packaging (Bottles, Can and Others), Body Type (Full-Bodied, Light-Bodied and Medium-Bodied), Distribution Channel (Off Trade and On Trade), Country (U.S., Canada and Mexico) Industry Trends and Forecast to 2028.
Data Bridge Market Research analyses that the global wine market will project a CAGR of 6.2% for the forecast period of 2021-2028. Growth and expansion of the food and beverages industry, ever-rising population around the globe, rising consumer consciousness towards high quality, healthy and nutritional wines, surging number of young wine connoisseurs and increasing personal disposable income by the major companies are the major factors attributable to the growth of wine market.
Wine is an alcoholic beverage that is prepared using fermentation of rice, fruits, cherry, berries or pomegranate, grapes and others without the addition of acids, enzymes, sugars, water, and other nutrients. The earliest known traces of wine include wines from China, Iran, and Georgia and its consumption brings along a wide range of benefits such as reducing risks of heart disease, and lowering the cholesterol level.
Rising fondness for exotic wine in the urban areas and surge in the demand for alcoholic beverages are the major factors fostering the growth of the market. Changing and evolving lifestyle, growth in the penetration of e-commerce platforms especially in the developing economies, rising number of supermarkets and departmental stores, growing awareness among the population regarding the benefits of consuming wine and rising number of restaurants, lounges, and recreational clubs are other important factors acting as market growth determinants. Growing premiumization of wine products globally will further induce growth in the market value.
However, high prices of wines owing to high production costs will pose a major challenge to the growth of the market. Stringent rules and regulations imposed by the government and heavy imposition of taxes will also hamper the market growth rate. Rising availability of other substitutes and health hazards associated with the over-consumption will yet again derail the market growth rate.
This wine market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on wine market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
North America Wine Market Scope and Market Size
The wine market is segmented on the basis of type, colour, product type, packaging, body type and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the wine market is segmented into still wines, sparkling wines, fortified wines and others.
- On the basis of color, the wine market is segmented into red wine, white wine, rose wine and others.
- On the basis of product type, the wine market is segmented into flavored and unflavored.
- On the basis of packaging type, the wine market is segmented into bottles, cans and others. Bottles segment is sub-segmented into glass and plastic.
- On the basis of body type, the wine market is segmented into light-bodied, medium-bodied and full-bodied.
- On the basis of distribution channel, the wine market is segmented into off trade and on trade. The on trade is sub segmented into specialty stores, online retailers and others.
Wine Market Country Level Analysis
The wine market is analyses and market size, volume information is provided by country, type, colour, product type, packaging, body type and distribution channel as referenced above.
The countries covered in the wine market report are U.S., Canada and Mexico.
U.S. in North America region dominates the wine market and will continue to during the forecast period owing to the strong demand for different varieties of wine, growing demand for alcoholic beverages and increasing personal disposable income.
The country section of the wine market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Wine Market Share Analysis
The wine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to wine market.
The major players covered in the wine market report are Accolade Wines, The Wine Group, Davide Campari-Milano S.p.A., E. & J. Gallo Winery, Constellation Brands, Inc., John Distilleries, India, Castel Group, CDV · Compagnia del Vino, AMVYX, BACARDI, Pernod Ricard, TREASURY WINE ESTATES, Caviro, Miguel Torres S. A., Concha y Toro, Sula Vineyards Pvt. Ltd., Chapel Down among other. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : North America Wine Market
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