NEW YORK, Dec. 11, 2023 (GLOBE NEWSWIRE) -- IndexBox, a globally recognized analytics and research firm, has released a comprehensive report on the global wine market, offering a detailed forecast through 2030. This extensive report is now available on their website here. As part of this release, IndexBox is also offering trial access to their rich market data on their platform.
Market Overview and Forecast
The report presents an in-depth overview of the wine market, segmented by type (red, white, and sparkling), distribution channel, and region. It highlights the market's substantial growth, driven by evolving consumer tastes and the growing appreciation for wine globally. Major regions such as Europe, North America, and Asia-Pacific, with countries like France, Italy, the United States, and China, are identified as key contributors to the market.
The global wine market is anticipated to experience significant growth by 2030. This growth is attributed to factors like the rising popularity of wine tourism, the increasing demand for premium and artisanal wines, and innovations in wine production and packaging.
Key Drivers and Opportunities
The primary growth drivers include the expanding global middle class, the increasing trend of online wine sales, and the rising interest in wine as part of a sophisticated lifestyle. However, challenges such as climate change affecting vineyards and shifting consumer preferences towards low-alcohol or non-alcoholic beverages could impact market dynamics.
Consumer preferences are shifting towards organic and sustainably produced wines, significantly impacting market trends. Additionally, the growing health consciousness among consumers is leading to an increased interest in wine varieties with lower sulfites and sugar content.
The report identifies the hospitality industry, including hotels and restaurants, as well as the retail sector as major consumers of wine. The expansion of these industries directly influences wine market trends.
Leading Manufacturers
1. E & J Gallo Winery
2. Constellation Brands
3. The Wine Group
4. Treasury Wine Estates
5. Pernod Ricard
Keywords: Wine Market, Market Forecast, Wine Production, Global Market Analysis, Wine Tourism, Organic Wine, Online Wine Sales, Market Research.
About IndexBox
IndexBox is a leading market research firm providing comprehensive data and analysis across various industries. With a vast array of reports and trial access to market data on the IndexBox platform, businesses can make informed decisions and stay ahead of the competition.
