Changing consumer habits, a rising disposable income, increased urbanization, and the preference for wine at large events or social gatherings all paint a bright future for the global red wine market. Red wine is equally sought after by both the geriatric population for its purported health benefits and the millennial population in place of other ‘hard drinks’. Wine consumption has shown marked growth across the world and the production of wine is more evenly spread across developed and emerging markets now, from the initial dominance of the former. Technological advancements have also played a key role in innovative new flavors being made available in the red wine market.
Red wine is largely derived from darker colored grape varieties and the color can range from a deep red to an intense violet or even a shade of dark brown, depending on the wine’s age. The color of red wine comes from anthocyanin pigments found in the grape skin. Red wine production usually comprises extracting both the color and flavor from the grape skin.
Fact.MR in its report on the red wine market suggests that it could grow to a value of approx. US$ 78 billion by end 2022 – witnessing a modest CAGR of 2.7%.
Shiraz and Merlot Most Popular Products in the Red Wine Market
hiraz and Merlot are the two most popular products as both have a revenue share in excess of 13% in the red wine market. The Shiraz wine segment is anticipated to be worth almost US$ 11.7 billion by end 2022 and key stakeholders in the red wine market are recommended to take note of this. With respect to Merlot, Europe alone accounts for more than half the regional contribution in the red wine market and is projected to retain its share throughout the duration of the forecast period.
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Similar opportunity in Cabernet Sauvignon and Pinot Noir Products
A similar market opportunity exists in the Cabernet Sauvignon and Pinot Noir product segment in the red wine market as both have a roughly equal contribution. Even though Europe is the largest region in the Cabernet Sauvignon segment by a considerable margin, companies could seek to diversify by targeting Latin America as the region is predicted to grow with the highest CAGR of 4% from 2017 to 2022. With respect to Pinot Noir wines, APEJ is the second-most lucrative region after Europe.
Modern Trade Segment Lucrative Channel in the Red Wine Market
The modern trade segment represents a revenue share of over 1/3rd the red wine market making it a segment too large to ignore. The modern trade segment in Europe is larger than that of North America, Latin America, and APEJ combined, making it perfectly understandable if companies decided to focus all their attention on this dynamic region in the red wine market.
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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, and Treasury Wine Estates.
Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR.
(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
A form of wine derived from black grape varieties, red wine can range in color from deep violet to brick red all the way to a dark brown. Even though purple grapes yield a greenish-white juice, red wine gets its trademark hues from anthocyan pigments found on the grape skin. Most red wine production processes involve extraction of flavor and color from the grape skin. Increasing global consumption of wine, particularly amongst the younger generation is expected to greatly benefit the red wine market. The popularity of wine in large gatherings and social events coupled with changing lifestyles and discerning tastes are likely to make people take a closer look at the red wine market. This report, published by Fact.MR, provides in-depth analysis of the global red wine market for the forecast period 2017-2022, and offers key insights about future market direction.
The scope of Fact.MR’s report is to analyze the global red wine market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Red wine manufacturers, stakeholders, and suppliers in the global food & beverage sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to red wine.
The report commences with a brief information of the global red wine market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global red wine market.
The next section offers an overview of the global red wine market. This comprises an introduction to the market, along with a standard definition of the product – red wine. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global red wine market, the report provides updates about market opportunities, which can benefit leading manufacturers of red wine. With continuous evolution of the food & beverage sector, keeping a record of latest developments and trends is fundamental for red wine manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.
Considering the wide scope of the global red wine market and to offer in-depth insights, Fact.MR’s report provides segment-wise analysis and forecast. The red wine market has been categorized on the basis of product type, body type, sweetness level, sales channel, and region. This segmentation analysis is comprehensive, coupled with a detailed country-wise forecast provided on all parameters.
The report’s last section comprises of the global red wine market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global red wine market.
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
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