Still Wine Market Share Overview, Growth Opportunities and Forecast to 2027
Still wine is a fermented beverage free
from carbon dioxide. The prominent market players are adopting mergers &
acquisitions as their main growth strategy to gain a competitive edge. For
instance, in April 2017, E.&J. Gallo Winery acquired Stagecoach Vineyard
with an aim to gain market dominance.
Based on type,
the global Still
Wine Market Share has been segmented into white wine, red
wine, and rosé wine. The red wine segment is expected to garner the highest
revenue share of the global Still Wine Market Share and shall continue its
dominance during the forecast period. The health benefits offered by red wine
are the main determinants driving the growth of the segment. The white wine
segment is also expected to account for a significant market share.
The global Still Wine Market Share has
been segregated, by distribution channel,
into store and non-store. The store segment has been further divided into
supermarkets and hypermarkets, specialty stores, and others. The supermarkets
and hypermarkets segment is expected to gain the major share, in terms of
revenue, of the global Still Wine Market Share. As per MRFR analysis, of the
total alcohol sold in supermarkets, still wine accounted for nearly 1/3rd in
2017. However, the non-store segment is expected to register the higher CAGR
during the forecast period owing to the rising trend of e-retailing. The
Chinese Still Wine Market Share is focusing on e-retail as a sales channel,
which is paving the way for international wine brands to enter the country-level
market.
Key Players
Some of the key players in the global Still Wine Market Share are Accolade Wines (Australia), Constellation Brands, Inc. (US), Miguel Torres SA (Spain), the Wine Group (California), Diageo (UK), Concha y Toro (Chile), E.&J. Gallo Winery (US), Treasury Wine Estates (Australia), Castel Group (France), and Pernod Ricard (France).
Segmentation
The global
still wine Industry has been segmented on the basis of type, distribution
channel, and region.
The global
still wine Industry has been divided, by type, into white wine, red wine, and
rosé wine.
Based on
distribution channel, the global still wine Industry has been segregated into
store and non-store. The store market has been further segmented into
supermarkets and hypermarkets, specialty stores, and others.
Regional
Analysis
The global Still
Wine Market Share has been segmented, by region, into North America, Europe,
Asia-Pacific, and the rest of the world.
Europe is
expected to lead the global still wine Industry owing to the rising demand for
still wine. The high production and consumption of wine in various European
countries such as Italy, France, Spain, and Germany is fueling the growth of
the regional market.
The Still Wine
Market Share in Asia-Pacific is expected to be the fastest-growing during the
review period due to the rising consumption of wine in the region. Moreover,
the increasing export of Australian wine to China due to increasing awareness
and the China-Australia Free Trade Agreement that took effect in 2015 is also
boosting the growth of the regional market.
NOTE:
Our Team of Researchers are Studying Covid19 and its Impact on Various Industry
Verticals and wherever required we will be considering Covid19 Footprints for
Better Analysis of Market and Industries. Cordially get in Touch for More
Details.
Comments
Post a Comment