Still Wine Market Analysis
Still Wine Market Size is Anticipated to reach at a USD 55.8 billion by 2030.
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.
The Europe still wine market is one of the largest and most mature wine markets in the world, with a long history of wine production and consumption. The market is characterized by a wide range of wine styles and varieties, reflecting the diverse cultures and traditions of the region.
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
The still wine key market players 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 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.
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