Market Research Future (Food and Beverages) Red Wine Market Research Report- Forecast to 2023 | Page 3

Red Wine Market Research Report- Forecast to 2023
2 Market Overview
Wine is one of the most popular alcoholic beverages which is prepared by the fermentation of grape juice. Red wine
is made up of the black varieties of grapes that are highly pigmented and are rich in anthocyanin and tannins. Aging
of the fermented wines gives the wine their unique color which varies from brick red (for mature wine) to darker
brown for older wines. Red wines are stored in barrels for aging and to further increase the alcohol content to the
desired level. Red wines are found to be rich in anti-oxidants which adds to the health benefits obtained from red
wines when consumed in the right amount.
The developing economy and increasing disposable income have a major impact on the red wine market. The
increased demand for alcoholic beverages imparting low-calories is also driving the market for red wine. A wide
variety available in the red wine type is found to support the growth of the red wine market on a global platform. An
increased focus on research and development has led to product innovations and fortifications in wine varieties. This
has further given a boost to the red wine market.
Furthermore, the increasing demand for fermented alcoholic beverages is further supporting the growth of the global
red wine market. Additionally, improvisations in the production process and development of innovative products from
major key players are expected to influence the high growth of the global red wine market during the forecast period,
2017 to 2023.
Intended Audience:
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Global wine manufacturers
Alcoholic beverages industry
E-commerce companies
Raw material suppliers
Traders, importers, and exporters
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