- 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
- U.S. is expected to dominate the Wine market due to the presence of major companies such as E. & J. Gallo Winery
- U.S. is expected to be the fastest growing region in the Wine market during the forecast period due to rising demand for premium, organic, and low-alcohol wines
- The still wine segment is expected to dominate the market with a market share of 61.4% due to its broad appeal across age groups, affordability, and extensive varietal availability, particularly from California.
