Wine Market Key Players, Trends, Growth Opportunities and
Industry Forecast till 2021
“Factors responsible for sustained market growth, in the
recent years, are easy availability of wide range of wine
products with differential flavors consisting of various
categories and price range such as premium, and luxury
wines.”
The Global Wine Market is subject to witness a substantial growth due to the rising penetration of the wine
based on increasing popularity between consumer and lower percentage of Alcohol by Volume (ABV). Factors
responsible for sustained market growth, in the recent years, are easy availability of wide range of wine products
with differential flavors consisting of various categories and price range such as premium, and luxury wines.
Increasing production in the North America region is expected to favor the market growth in the upcoming years
as well. Globally, the wine market is predicted to grow at high CAGR over the forecast period, providing
numerous opportunities for market players to invest in research and development in the wine market.
Additionally, increasing demand for wine due to presence of online retail stores and e-commerce retailers,
which allows small and mediums-sized businesses to reach wider audience, thereby driving market growth.
Favorable laws and regulation and strong economic growth in the developing economies across the globe are
anticipated to drive the growth of wine market in the upcoming years.
Easy availability of wine due to rising penetration of supermarkets, hypermarkets, retail stores and e-commerce
retailers is predicted to boost market demand for wine products in the years to come. In addition, increasing
consummation of wine from cinemas, bookstores and car washing stations alongside large-scale grocery stores
such as Kroger, Wegmans, and Whole Foods serve food and on premise wine is projected to expand market
reach for wine industry during the forecast period.
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