Wine Market Analytical Overview, Growth Factors, Demand Trends and Forecast by 2028

Wine Market – Industry Trends and Forecast to 2028

Wine Market
Market Analysis and Insights of Wine Market

Data Bridge Market Research analyses that the global wine market will project a CAGR of 4.03% for the forecast period of 2021-2028. Growth and expansion of the food and beverages industry, ever-rising population around the globe, rising consumer consciousness towards high quality, healthy and nutritional wines, surging number of young wine connoisseurs and increasing personal disposable income by the major companies are the major factors attributable to the growth of wine market.

Wine is an alcoholic beverage that is prepared using fermentation process. Wines are made using rice, fruits, cherry, berries or pomegranate, grapes and others. Consumption of wine brings along a wide range of benefits such as increasing bone density, reduces risk of heart disease, and lowers cholesterol level and much more.  

Rising fondness for exotic wine in the urban areas and surge in the demand for alcoholic beverages are the major factors fostering the growth of the market. Changing and evolving lifestyle, growth in the penetration of e-commerce platforms especially in the developing economies, growing awareness among the population regarding the benefits of consuming wine and rising number of restaurants, lounges, and recreational clubs are other important factors acting as market growth determinants. Rising demand for low-calorie alcohol based beverages, surging improvement in the packaging technology and growing premiumization of wine products globally will further induce growth in the market value.

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