Red Wine Market is Expected to Reach a Valuation of US$ 78 Bn by 2031 End

250 Pages Red Wine Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.

The report offers actionable and valuable market insights of Red Wine. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Red Wine Market across various industries and regions.

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Fact.MR’s recent report on the red wine market anticipates global revenues to surpass US$ 78 Bn by 2022, experiencing a long-term surge at a CAGR of over 5% until 2031. According to Fact.MR’s analysis on the red wine industry, it was worth approximately US$ 75 Bn in 2020. Consumers are showing greater inclination towards shiraz and merlot wines, holding 13% of the revenue share.

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Red Wine market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Red Wine

According to Fact.MR’s analysis on the red wine industry, the market is anticipated to reach a valuation of US$ 125 Bn, expanding at a CAGR of over 5% across the 2021-2031 assessment period. In the near-term forecast, the industry is projected to be valued at US$ 78 Bn by 2022, reflecting a CAGR of over 2%.

This newly published and insightful report sheds light on Market Insights of Red Wine, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Red Wine Market.

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Key Segments Covered

• Product Type

  • Shiraz
  • Merlot
  • Cabernet Sauvignon
  • Pinot Noir
  • Barbera
  • Blaufränkisch
  • Bordeaux
  • Cabernet Franc
  • Gamany
  • Other Red Wines

• Sales Channel

  • Red Wines Sales through Modern Trade
  • Red Wines Sales through Grocery Stores
  • Red Wines Sales through Convenience Stores
  • Red Wines Sales through E-commerce Platforms
  • Red Wines Sales through Other Retail Formats

• Body Type

  • Light Bodied Red Wine
  • Medium Bodied Red Wine
  • Full-Bodied Red Wine

• Sweetness Level

  • Dry Red Wine
  • Semi-sweet Red Wine
  • Sweet Red Wine

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Key Takeaways from the Market Study

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
6. U.S to capture a market share of 40% in the global red wines market
7. India to emerge as an opportunistic market, registering Y-o-Y expansion rate of over 7% until 2031

“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.

Competitive Landscape

In the following decade, manufacturers in the red wine market will focus on strategic acquisitions, collaborations, and product releases.

1. TWE has introduced a four-strong Penfolds-branded red wine lineup made primarily from Napa Valley Cabernet parcels. The two higher-priced California Collection expressions are blended with a lower amount of South Australian Shiraz, so they aren’t entirely Californian.
2. E. & J. Gallo Winery has completed the acquisition of more than 30 wine brands. The Federal Trade Commission approved the conclusion of the agreement between Gallo and Constellation on December 23, 2020.
3. Accolade Wines, based in Australia, has acquired Rolf Binder Wines of the Barossa Valley in northeast Adelaide for an undetermined amount. Rolf Binder possesses over 100 hectares of vineyards, and Rolf Binder Jr. manages the firm winery.

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Key Question answered in the survey of Red Wine market report:

• Sales and Demand of Red Wine
• Growth of Red Wine Market
• Market Analysis of Red Wine
• Market Insights of Red Wine
• Key Drivers Impacting the Red Wine market
• Which are the Key drivers impacted by Red Wine market
• Restraints Shaping Market Growth
• Market Survey of Red Wine

More Valuable Insights on Red Wine Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Red Wine, Sales and Demand of Red Wine, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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