Shrink Sleeve Labels Market 2016 market Share, Regional Analysis and Red Wine Market - Global Industry Analysis | Page 2

Alcoholic beverage manufacturers across various regions follow the strategy of improving their existing product line as well as add more value to their products by adding new innovations to expand their business. Market Forecast Globally, the red wine market share is estimated to escalate at a higher growth rate than white wine due to its rich resveratrol content which imparts anti-ageing properties. The high consumption of red wine is backed up by it property to lower cholesterol level in the body when consumed in right quantity. The rising demand for low calorie red wine in the market is supporting its sale on a global level. Rapid urbanization has also supported in fueling up the market share of red wine all around the globe. All these factors contribute to the calculated CAGR of 3.6% of Red Wine market during 2017-2023. Downstream Analysis- Consumption of still wine is growing at significant rate based on its rich and authentic wine flavor. However, the sale of sparkling red wine varieties is evaluated to be growing prominently. The high alcohol content of dry wine makes it popular amongst the consumers of Europe while the medium and sweet varieties of wine is found to be more popular in Asia-Pacific and North America region. In addition, similarly the sale of Light wine body type of wine is anticipated to hold a lion’s share during the forecast period. The rich flavor and aroma of Cabernet Sauvignon makes its share significant in the red wine market followed by Merlot red wine. The high popularity and wine drinking trend in Europe region has increased the consumption and sale of red wine in various countries of the region. Access Report Details @ https://www.marketresearchfuture.com/reports/red-wine-market-2951 Regional Analysis The Global Red Wine Market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Europe holds a major market share followed by North America. The high demands for red wine as a popular alcoholic drink from the developed countries of these regions is contributing to the positive growth of red wine market. U.S., U.K., Germany, China and Canada are the major importers of Red Wine. Europe is found to be the major exporter of red wine and exports majorly to countries of North America and Asia-Pacific. Tel: [phone] [email protected]