Still Wine Market Analysis
The global still wine market size is predicted to grow at a healthy CAGR between 2022-2030, states the latest Market Research Future (MRFR) report. Still wine, simply put, is a fermented beverage made from grape juice. The still wine making process includes the removal of carbon dioxide that makes them still and not fizzy, sparkling, or bubbly. It is of three types- red, white, and rose. The process for red, white, and rose still wine production differs. Red wine is made with black grapes and ranges from bold to light. White wine is produced from white grapes, and occasionally black and its flavors span from rich to light. Rose wine is made from black grapes by removing the skins before these stains the beverage deep red. It is also made by blending together white and red wine. Both sweet and dry rose wines are common. Proper still wine service may be intimidating if one is not sure of the steps. Still wine must be poured at the center of the wine glass, and the glass must be horizontal and level, ideally on the table.
Various factors are propelling the still wine market trends. Such factors, according to the latest Market Research Future report, include the rising popularity of wine, changing lifestyles, rising disposable income, rising production of wine, and increasing awareness about the benefits of consuming wine. Still wine has resveratrol, which helps in fighting fungus and bacteria, protects from UV radiation, and also cuts down the risk of cancer, type 2 diabetes, heart diseases, and dementia. This is also contributing to market growth.
On the contrary, still wine, when consumed in excess, can result in stroke, hypertension, mental health problems, and addiction, which may impede the still wine market insights during the forecast period.
Key Players
Notable players profiled in the still wine market report include Pernod Ricard (France), Castel Group (France), Treasury Wine Estates (Australia), E.&J. Gallo Winery (US), Concha y Toro (Chile), Diageo (UK), The Wine Group (California), Miguel Torres SA (Spain), Constellation Brands, Inc. (US), and Accolade Wines (Australia). Key players have adopted specific strategies to stay ahead in the competition, such as new product launches, mergers and acquisitions, research and development activities, collaborations, joint ventures/partnerships, and more.
Market Segmentation
The Market Research Future report provides an all-inclusive segmental analysis of the still wine market outlook based on distribution channel and type.
By type, the still wine market report is segmented into rose wine, red wine, and white wine. Of these, the red wine segment will lead the market during the forecast period owing to the different health benefits that it offers. This will be followed by the white wine segment.
By distribution channel, the still wine market is segmented into non-store and store. The store segment is again segmented into specialty stores, supermarkets and hypermarkets, and others. Of these, the supermarkets and hypermarkets segment will dominate the market during the forecast period.
Regional Analysis
By region, the still wine market report covers the latest trends and growth opportunities across North America, the Asia Pacific, Europe, and the Rest of the World. Of these, Europe will have the lion’s share in the market during the forecast period for the high production as well as consumption of wine in Germany, Spain, France, and Italy, and the burgeoning demand for still wine.
The still wine market in the APAC region will grow at the fastest pace during the forecast period for the increasing consumption of wine. The rising export of Australian wine to China owing to the rising awareness coupled with the 2015 China-Australia Free Trade Agreement is also adding to the market growth in the region.
The still wine market in North America will have a favorable growth during the forecast period while that in the RoW will have a steady growth.
Industry News
November 2019: Chateau d’Esclans, the worldwide leader in rose wines, has joined Moet Hennessy’s range of spirits and wines to continue to delight and please clients across the world with their outstanding Rose de Provence wines.
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