Wine is an alcoholic drink generally prepared by fermentation of grape juice. Although, grape wine is the most popular type, it can also be prepared from fermenting other fruits and cereals. Traditionally, the names of the wine are based on their geographical origin, grape varieties, their demand and other aspects of production. Typically, wines are manufactured in wineries that consist of laboratories, bottling lines, warehouses and tank farms.
Global wine market is classified as still (non-fizzy) and sparkling (fizzy) wines. Of both, sparkling wine category dominates the market. Still wine market can be further sub-categorised into red, white and rose wine. Increased demand and rise in sales due to new market developments are majorly attributing to the growth in sparkling wine market.
Consumer preference for better quality wines coupled with increased awareness about their benefits are responsible for driving the market demand. While, growth in global wine market seems promising, factors like surge in raw material prices and weak economic condition in Europe may impact the wine market. Considering unfavourable economic conditions in Europe, the leading European wine companies are expected to adopt a strategy to target consumers across different regions, especially North America and Asia.
Generally, varieties of wine produced in the European region are well known for their outstanding quality and value. Italy is the largest wine producer in the world followed by France and Spain. Recent global trends indicate a shift in wine production from the main wine producing regions to new world countries like US, New Zealand, Chile, Australia and South Africa, as traditional markets like France and Italy continue to contract.
Alcohol-free sparkling wine is a light alternative to wines that usually contain varying amounts of alcohol. High duties on alcohol based products, rising concerns about alcohol consumption and adoption of healthier lifestyle are pushing wine producers to capitalise on the niche market of alcohol-free beverages.
ASDReport.com provides in-depth research reports on wine market. These reports cover global wine market, wine packaging market, wine consumption, wine producers, wineries & distillers and much more.