Scope of the Study
The global fermented wine market is expected to grow at a healthy pace during the forecast period, according to the AMA study. The rising demand of grape wine products and rising adoption of alcoholic drinks at different occassions are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness a slight decline in the growth during the next few years but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
The market study is being classified by Type (Grape Wine and Grain Fermented Wine) and major geographies with country level break-up.
Accolade Wines (Australia), Bacardi Limited (Bermuda), Beam Suntory (United States), Castel Group (France), Changyu (China), CITIC GUOAN VINE CO.,LTD (China), Constellation Brands (United States), Dynasty (United States), E&J Gallo Winery (United States), Pernod Ricard (France), The Wine Group (United States), Tonghua Grape Wine (China) and Treasury Wine Estates (Australia) are some of the key players profiled in the study.
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Fermented WIne market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Fermented WIne market by Type, Application and Region.
On the basis of geography, the market of Fermented WIne has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Demand for Grape Wine Across the World
- Rising Adoption of Alcoholic Drinks at Different Occasions
- Growing Adoption of Online Distribution Channel
- The Outbreak of COVID-19 Pandemic is one of the Major Restraints for the Market as Most of the Industries have been Facing Economic Crisis Across the World
- Opportunities in the Asia Pacific Region
- Short Term Challenges Due to Lack of Transportation & Logistics Facilities Due to Lock-Down of Different Sectors Across the World
In September 2019, PERNOD RICARD announced that it has launched a new range of tea-infused wine products
Stringent Government Regulations Impacting the Industry
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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