According to Fact.MR’s analysis on the red wine industry, the market is anticipated to reach a valuation of US$ 125 Bn, expanding at a CAGR of over 5% across the 2021-2031 assessment period. In the near-term forecast, the industry is projected to be valued at US$ 78 Bn by 2022, reflecting a CAGR of over 2%.
From 2016 to 2020, sales of red wine expanded sluggishly at a CAGR of nearly 2%. This restricted trajectory was largely a result of limited market penetration across several markets coupled with the highly premium nature of wines, rendering them highly expensive. Prospects declined amidst the COVID-19 pandemic, as distilleries ceased operations while consumers drifted towards consuming more health boosting beverages.
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|Market size value in 2022||USD 78 Billion|
|Market forecast value in 2031||USD 125 Billion|
|Growth Rate||CAGR of 5% from 2021 to 2031|
|Historical Data Available for||2016-2020|
|Market Analysis||US$ Mn for Value & ‘000 Units for Volume|
|Key Regions Covered||North AmericaLatin AmericaEuropeEast AsiaSouth AsiaOceaniaMiddle East & Africa|
|Key Countries Covered||U.SCanadaBrazilMexicoGermanyU.KFranceSpainItalyRussiaChinaJapanSouth KoreaIndiaAustraliaGCCSouth Africa|
|Key Market Segments Covered||Product TypeSales ChannelBody TypeSweetness LevelRegion|
|Key Companies Profiled||Accolade Wines Australia LimitedCasella Family BrandsCaviro Viña Concha y Toro SAConstellation BrandsDiageo PlcE&J Gallo WineryGrupo PeñaflorThe Wine GroupTreasury Wine Estates|
|Pricing||Available upon Request|
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Key Questions Answered in Report
- Which are the most lucrative red wine markets?
- Which factors will impact the growth of red wine?
- How will changing trends impact the strategies of market players?
- How can market players capture the low-hanging opportunities across regions?
- Which companies are leading the red wine industry?
- What are the winning strategies of stakeholders in the market?
Accolade Wines Australia Limited.
Casella Family Brands
Concha y Toro
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Report Benefits & Key Questions Answered
- Red Wine Market Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
- Red Wine Market Historical volume analysis: The report provides a comparison of Red Wine Market historical sales and projected sales performance for 2021-2031.
- Red Wine Market Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Rapeseed Oil Market It carefully gauges the impact of changing healthcare needs of key demographics globally
- Red Wine Market Consumption by demographics: The report investigates consumer behavior affecting Red Wine Market demand outlook for the assessment period. Effect of their keenness for digital trends on Red Wine Market is carefully analyzed
- Post COVID consumer spending on Red Wine Market Consumption: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Red Wine Market growth.
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