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. According to AMA Research, the market for Red Wine is expected to register a CAGR of 5.6% during the forecast period to 2027.
This growth is primarily driven by Contains Antioxidants which helps in Boosting the Immune System
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|Customization Scope||Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility|
The Beverages sector in the Europe region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as 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), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2021, E. & J. Gallo Winery, a family-owned winery company, announced the acquisition of renowned wine brands such as Clos du Bois, Arbor Mist, Hogue, Manischewitz, Taylor, Wild Horse, Ravenswood and Taylor. The main objective of this acquisition is to expand the company's portfolio globally. and 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.
In 2022, UK's largest retailer, Laithwaites, has launched W/O (without) Frappato, an organic Sicilian red wine packaged in 100% recycled bottles., In 2021, Australia-based Accolade Wines has paid an undisclosed amount for Rolf Binder Wines in the Barossa Valley northeast of Adelaide. Rolf Binder owns nearly 100 hectares of vineyards and his son Rolf Binder Jr. is responsible for the winery., In 2020, India's largest wine-selling brand, Sula Vineyards, has launched Korea's first canned wine. The company sells Dia's red and white wines in cans nationwide. and In 2020, Limerick Lane Cellars, an estate winery in Sonoma County, USA, announced the launch of a new sustainable premium wine brand called Revelshine. Available in three flavors, the new range comes in sustainable aluminum bottles. Additionally, brands are increasingly adding more sustainable product offerings and following adamantly.
Regulatory Insights: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.
Red Wine Market Dynamics:
- 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
|Road Blocks / Challenges|
- Strictly Prohibited to Sell Intoxicating Drinks in many Countries including Afghanistan, Bangladesh and many countries from Middle East
- Continuously Changing Consumer Preferences
|Gaps & Opportunities|
- Increasing Adoption in the Younger Age groups due to Celebrity Endorsements and Increasing Popularity
- Up surging Awareness about Positive Health Effects of Red Wine
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Red Wine Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Red Wine Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Red Wine players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the ReportAMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Red Wine Study Sheds Light on The Red Wine Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Red Wine industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Red Wine industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.