What is Red Wine Market?
Red wine is just like a normal wine but it is made up of dark-colored grapes. The color for red wine can vary from brick red color to dark red color. The age of the wine can be judged by its color the darker it gets the older is the wine. Consumption of red wine has evolved resulting in increasing consumer awareness towards higher-quality red wines compared to traditional wines. Thus, the red wine consumption will be going to increase in the forecasting years.
The market study is being classified by Type (Sweet Sparkling Wine, Dry Sparkling Wine and White Wine), by Application (Household and Commercial) and major geographies with country level break-up.
Chateau Lafite Rothschild (France), Domaine de la Romanee-Conti (France), Chateau Latour (France), Chateau Haut-Brion (France), Chateau Margaux (France), Chateau Mouton Rothschild (France), Chateau Condamine Bertrand (France), HALL Wines St. Helena (United States), WALT Wines (United States) and Jacobs Creek (Australia) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Stellenbosch Vineyards (South Africa), Chateau Angelus (France), Vina Concha Y Toro (Chile) and Penfolds Winery (Australia).
Research Analyst at AMA predicts that French Vendors will contribute to the maximum growth of Global Red Wine market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Red Wine market by Type, Application and Region.
On the basis of geography, the market of Red 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, Spain, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2019. North America on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Contains Antioxidants which helps in Boosting the Immune System
- Reduces the Risk of Stroke or Heart Diseases
- Lowers the Human Cholesterol Level
- Growing Adoption of English Wine
- Introduction to Low Calorie and Low Sugar Red Wines
- Escalates the Levels of Omega 3 Fatty Acids in Human Body
- Not Favorable to consume ‘resveratrol’ contain from Red Wine
- Increasing Adoption in the Younger Age groups due to Celebrity Endorsements and Increasing Popularity
- Up surging Awareness about Positive Health Effects of Red Wine
- Strictly Prohibited to Sell Intoxicating Drinks in many Countries including Afghanistan, Bangladesh and many countries from Middle East
- Continuously Changing Consumer Preferences
Market Leaders and some development strategies
On July 23, 2018, Advini has acquired majority shares of Stellenbosch Vineyards which is a torch bearing winery of South Africa’s premium wine route. Stellenbosch Vineyards is an international player, with distribution in more than 30 countries around the globe. The company has wine business globally with a strong history of awards for its portfolio of brands.
The directive principles of state policy (DPSP) in the constitution of India (article 47) has stated that the States including Bihar, Gujrat, Nagaland, Manipur and Mizoram should attempt to bring about prohibition of the consumption except for medicinal purposes of intoxicating drinks and of drugs which are injurious to health. Prohibition, in the states of India that have implemented the policy, has led to lower rates of drinking among men, as well as a decreased incidence of violence against women.
Key Target AudienceRed Wine Manufacturers, Red Wine Distributors and Traders, Red Wine Upstream and Downstream Buyers, Government Agencies, Food and Beverage Organizations and Others
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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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