Red Wine Market

Global Sales Of Red Wine Is Experiencing A Long-Term Surge At A CAGR Of Over 5% Until 2031| Fact.MR Forecasts

Key Takeaways

1. Global red wine industry to add 1.6x the market value by 2031 2. By type, shiraz and merlot red wines to hold 13% of global revenue share through 2031 3. Sales of sweet red wines are expected to reach US$ 78 Bn by 2021, growing at 4% CAGR through 2031 4. Semi-sweet red wines to account for a revenue share exceeding 2/5th across the forecast period 5. Light-bodied and fully-bodied red wines to account for 9 out of 10 sales until 2031

Key players

– Accolade Wines Australia Limited – Casella Family Brands – Caviro – Viña Concha y Toro SA – Constellation Brands – Diageo Plc – E&J Gallo Winery – Grupo Peñaflor – The Wine Group

Analyst View

“Rising social acceptance of alcoholic beverage consumption, coupled with documented instances of benefits associated with red wine is anticipated to deepen revenue pools for key manufacturers,” says the Fact.MR analyst.

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