Red Wine Market Research Report- Forecast to 2023
Sample Pages
Regional Analysis : The Red Wine Market globally is segmented into Europe , Asia Pacific , North America and the Rest of the World ( RoW ). The European region is controlling the red wine industry followed by the North American region . In North America , the U . S . nation is undergoing a high demand for red wine due to the change in consumers ’ alcohol consumption liking and high preference towards meeting the social dynamics . The Asia Pacific region is the fastest developing region for the red wine industry due to better disposable income and growing demand for alcoholic beverages from the emerging markets of China and India .
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 . P a g e | 4 Copyright © 2017 Market Research Future .