Red Wine Market to Grow by 2031

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%.

From 2016 to 2020, sales of red wine expanded sluggishly at a CAGR of nearly 2%. This restricted trajectory was largely a result of limited market penetration across several markets coupled with the highly premium nature of wines, rendering them highly expensive. Prospects declined amidst the COVID-19 pandemic, as distilleries ceased operations while consumers drifted towards consuming more health boosting beverages.

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Report Attribute Details
Market size value in 2022 USD 78 Billion
Market forecast value in 2031 USD 125 Billion
Growth Rate CAGR of 5% from 2021 to 2031
Forecast Period 2021-2031
Historical Data Available for 2016-2020
Market Analysis US$ Mn for Value & ‘000 Units for Volume
Key Regions Covered North AmericaLatin AmericaEuropeEast AsiaSouth AsiaOceaniaMiddle East & Africa
Key Countries Covered U.SCanadaBrazilMexicoGermanyU.KFranceSpainItalyRussiaChinaJapanSouth KoreaIndiaAustraliaGCCSouth Africa
Key Market Segments Covered Product TypeSales ChannelBody TypeSweetness LevelRegion
Key Companies Profiled Accolade Wines Australia LimitedCasella Family BrandsCaviro Viña Concha y Toro SAConstellation BrandsDiageo PlcE&J Gallo WineryGrupo PeñaflorThe Wine GroupTreasury Wine Estates
Pricing Available upon Request

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Key Questions Answered in Report

  • Which are the most lucrative red wine markets?
  • Which factors will impact the growth of red wine?
  • How will changing trends impact the strategies of market players?
  • How can market players capture the low-hanging opportunities across regions?
  • Which companies are leading the red wine industry?
  • What are the winning strategies of stakeholders in the market?

Key players:-

Accolade Wines Australia Limited.

Casella Family Brands

 Cavrio

Concha y Toro

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Report Benefits & Key Questions Answered

  • Red Wine Market Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
  • Red Wine Market Historical volume analysis: The report provides a comparison of Red Wine Market historical sales and projected sales performance for 2021-2031.
  • Red Wine Market Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Rapeseed Oil Market It carefully gauges the impact of changing healthcare needs of key demographics globally
  • Red Wine Market Consumption by demographics: The report investigates consumer behavior affecting Red Wine Market demand outlook for the assessment period. Effect of their keenness for digital trends on Red Wine Market is carefully analyzed
  • Post COVID consumer spending on Red Wine Market Consumption: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Red Wine Market growth.

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