- In May 2022, Accolade Wines introduced its zero-alcohol wine collection, branded as 'Called & Then.' This innovative range is crafted using the company's proprietary de-alcoholization process known as 'Zero Tech X technology.' With this launch, Accolade Wines aims to cater to the growing demand for non-alcoholic options, providing consumers with enjoyable and sophisticated wine alternatives that maintain flavor without the alcohol content
- In September 2021, Familia Torres unveiled the latest vintage of their prestigious Antología Miguel Torres wine collection. This flagship range reflects the winery's dedication to regenerative viticulture and sustainable practices aimed at combating climate change. The collection features five exceptional wines: Milmanda 2018, Mas La Plana 2017, Reserva Real 2017, Grans Muralles 2017, and Mas de la Rosa 2018, showcasing the winery's commitment to quality and environmental responsibility
- In July 2021, E. & J. Gallo Winery Group, a prominent leader in the global liquor and spirits market, announced the launch of a new wine collection called “The Language of Yes,” created in collaboration with the legendary winemaker and visionary Randall Grahm. This innovative collection is inspired by the deep-rooted history of winemaking in Southern France, capturing the essence and character of the region's rich viticultural heritage. With this release, Gallo aims to offer wine enthusiasts a unique experience that celebrates the artistry and tradition of Southern French wine culture
- In April 2021, Constellation Brands announced the establishment of a dedicated business unit focused on fine wine and craft spirits. This new venture includes a diverse portfolio of renowned brands, such as High West Whisky, Casa Noble Tequila, Mi Campo, Copper & Kings, Nelson's Green Brier Distillery, and The Real McCoy. Through this initiative, Constellation aims to enhance its presence in the premium beverage market, catering to consumers' growing appreciation for high-quality wines and artisanal spirits
- In April 2023, Provi, a leading online marketplace for beverage alcohol, unveiled a set of new product features designed to enhance the efficiency of the three-tier distribution system. These innovative features aim to streamline operations and improve the overall user experience for retailers, distributors, and suppliers within the beverage alcohol industry. By focusing on optimizing these processes, Provi seeks to strengthen its position as a vital resource in the evolving marketplace
Frequently Asked Questions
The market is segmented based on Segmentation, By Type (Still Wines, Sparkling Wines, Fortified Wines, and Others), Color (Red Wine, White Wine, Rose Wine, and Others), Product Type (Unflavored and Flavored), Packaging (Bottles, Can, and Others), Body Type (Full-Bodied, Light-Bodied and Medium-Bodied), Distribution Channel (Off Trade and On Trade) – Industry Trends and Forecast to 2031
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The Global Wine Market size was valued at USD 382.25 USD Million in 2023.
The Global Wine Market is projected to grow at a CAGR of 4.03% during the forecast period of 2024 to 2031.
The major players operating in the market include Accolade Wines, The Wine Group, Davide Campari-Milano S.p.A., E. & J. Gallo Winery, Constellation Brands , John Distilleries India, Castel Group, CDV Compagnia del Vino AMVYX, BACARDI, Pernod Ricard, TREASURY WINE ESTATES, Caviro, Miguel Torres S. A., Concha y Toro, Sula Vineyards Pvt. , Chapel Down,.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
