Market Research Future (Food and Beverages) Red Wine Market Research Report- Forecast to 2023 | Page 4

Red Wine Market Research Report- Forecast to 2023
3 Sample Pages
Segments:
The global red wine market is segmented into type, taste, and body-type.
On the basis of type, it is segmented into still wine, sparkling wine, and others. Among all, still wine dominates the
market owing to price variability and consumers’ high inclination towards still wine. However, sparkling wine is
projected to witness a high growth during the assessment period based on a shift in consumers’ preferences.
On the basis of wine taste, it is segmented into dry, medium, and sweet. Among all, the dry wine variety dominates
the market owing to a wide variety of red wines available in the segment and mass consumers’ preference for the
product. The ease of availability also makes the segment more prominent.
On the basis of body type, it is segmented into light, medium, and heavy. Among all, red wine with medium body-
type is estimated to be dominating the market. However, owing to the rapid demand for red wine from the consumers’
end, the sale of light-wine is experiencing a surge.
Key Findings:
The North American region is experiencing a high demand for wine which is further supporting the red wine
market
The market for sweet red wine as dessert wine is projected to experience a higher growth rate during the review
period
In February 2018, Aldi Inc. expanded its store-brand wine selection and partnered with artist, designer, and
illustrator Timothy Goodman. It comprised of a Chardonnay, a Cabernet Sauvignon, and a Red Wine Blend;
the limited-edition reserve collection features Goodman’s hand-illustrated style across its labels. This strategy
was put in place to promote the sales of red wine in the market.
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