Market Research Future (Food and Beverages) Wine Market Research Report | Page 3

Global Wine Market Research Report - Forecast to 2022
2 Market Overview
Wine needs no introduction, being around since 7000 BC suiting palates of consumers. Its market is ever increasing
in thick & thins of economies. Although on the surface level, Wine doesn’t seem to be undergone much of a
transformation; there have been a lot of changes in its process like fermentation and filtration. Among them, Filtration
expertise are considered to be critically important to achieve clarity and stability of fine Wine. And to attain the
Filtration expertise, a number of technical advancements have been transpired in the field of Wines. Some of the
notable innovations include - filter design innovation - Advanced Pleat Technology (APT), Rigid Extrusion Bonded
Technology that controls the process parameters like temperature and pressure, and characteristics of the
polypropylene resin. And Membrane Filter Technology offering unmatched protection of final membrane filters, as
well as exceptionally long service life.
Developing economy and increasing disposable income have a major impact on the wine market. Increased demand
for premium alcohol is also driving the market for wine. Availability of various product types in wine supports the
growth of wine market. Furthermore, high focus on research and development has led to innovations in wine varieties
by experimenting with unique flavors, which has also fueled up the wine share in the global wine market. Innovation
in fermentation process and inclusion of various ingredients for wine production has resulted in launch of various
wine products. This has encouraged higher sales of wine globally.
Latest Industry Updates:
January 30, 2018 – Serafino Wines and Vigena Wines (Mclaren Vale wineries – Australia) announced that they have
lodged development applications with Onkaparinga Council to expand their businesses. Which apparently was
upgrading their bottling plant to increase exports.
January 29, 2018 – Waltz Vineyards Estate & Winery (Northumberland County) announced winning ‘Wine
Excellence Award’ - Sponsored by the ‘Pa. Wine Society’ for the consecutive years. The contest features some of
the top premium wines from around the state, with the criteria being that they are made from vinifera grapes.
Recently, wineries also have been allowed to enter hybrids Chambourcin and Traminette.
January 25, 2018 – Texas Vineyard Market (TVM –Weatherford Wine Maker US) debuted a new wine made with
hemp oil. Currently for sale in several liquor stores across north Texas, the wine is attracting attention to the winery.
With the negative view from the Drug Enforcement Agency on cannabis plants, TVM had to submit multiple lab tests
to show the wine met DEA requirements. And finally the hemp wine received approval from the DEA in Dec. 2017
after over two years of development.
Sep 2017 Minibar Delivery, a premier on-demand alcohol delivery service, has announced its new launch Vineyard
Select, a nationwide direct-to-consumer wine shipping service that connects customers across the country with
independent vineyards for delivery straight to their door.
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