The Red Wine Market size was valued at $182.0 billion in 2020, and is projected reach $278.5 billion by 2028, registering a CAGR of 5.4% from 2021 to 2028. The cabernet sauvignon wine segment led in terms of the red wine market share in 2020, and is expected to retain its dominance during the forecast period. Global “Red Wine Market” research report delivers valuable insights into top growing business segments, opportunities, and demand scope over the forecast period. This report encompasses complete analysis of latest trends, dynamics, geographical segmentation with industry revenue and CAGR status.
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Market Scenario:
Firstly, this Red Wine research report introduces the market by providing an overview that includes definitions, applications, product launches, developments, challenges, and regions. The market is forecasted to reveal strong development by driven consumption in various markets. An analysis of the current market designs and other basic characteristics is provided in the Red Wine Market report.
Key Drivers & Trends
Red wine is produced by fermenting the dark colored grapes and the color of the red wine varies from light to dark depending over the acid present in the wine. The older the wine the darker the color, this occurs due to the reaction between the molecules present in the wine with aging. Much of the red-wine production process; therefore, involves extraction of color and flavor components from the grape skin. It is a delicacy around the world.Nevertheless, the red wine industry faces multiple challenges including but not limited to counterfeiting, adulteration, and deception. Adulteration of red wine results in a big loss to the key players as there is a large number of counterfeited wines in the red wine market.
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Key Companies Included:
Some of the major players profiled in the red wine market analysis include The Carlyle Group, Brown-Forman, Campari Group, Castel Winery Plc., Caviro sca, Constellation Brands, Inc., Rémy Cointreau, The Wine Group, Treasury Wine Estates, and Viña Concha y Toro.
Key Market Segments
By Type
- Cabernet Sauvignon wine
- Merlot wine
- Syrah/ Shiraz
- Others
By Pricing
- Mass
- Premium
By Distribution Channel
- On-trade
- Off-trade
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Portugal
- Rest of Europe
- Asia-Pacific
- India
- China
- Japan
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- South Africa
- Rest of LAMEA
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