Published Date : Oct 24, 2016
Albany, NY, Oct 24, 2016: The research report, titled “Global Wine Market 2016-2020,” provides critical information about the drivers and restraints present in the global wine market. The report studies the overall market for the period of 2016 and 2020 using primary and secondary research methodologies. The document also assesses the strengths, weaknesses, opportunities, and weaknesses influencing segments of the global wine market. Additionally, it also examines the bargaining power of the suppliers and buyers and the threat of new entrants to the overall market.
According to the research, the global wine market is expected to register a consumption of 30 bn liters during the forecast period of 2016 and 2020. The growing awareness of health benefits of consuming wine in small proportions is anticipated to drive the growth of this market in the coming few years. This is expected to be an emerging trend especially in the developing countries of Asia Pacific. Analysts predict that the Europe wine market is likely to exhibit a sluggish growth rate as it is nearing a point of saturation. The ongoing mergers and acquisitions to gain a strong footing in the global market are anticipated to play a significant role in the growth of the overall market. The market is also projected to benefit from the burgeoning demand from China and India as young adults are fueling this market with their rising disposable incomes. The research report studies various kinds of wines such as sparkling and still to name a few.
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The chief hurdle to the growth of the global wine market is the effect of weather conditions on wine making. The slightest change in weather impacts the wine-making process, which makes is exceptionally vulnerable and costly. Sizeable funds have to be invested to maintain temperatures in wine-making facilities to prevent the alcoholic drink from any kind of damage. Additionally, cultivation of grape farms or vineyards matching a certain quality have to be maintained to build a brand. Thus, the cost-intensive nature of wine-making is likely to act has a deterrent to the global market in the near future.
Some of the key players operating in the global wine market are Accolade Wines, Constellation Brands, E. & J. Gallo Winery, The Wine, Torres, Treasury Wine Estates, and Vina Concha y Toro. The research report profiles these players and offers a clear understanding of the competitive landscape present in the global market. Additionally, the researchers have also mentioned the research and development activities of these players, their investment plans for the future, business and marketing strategies, and their expansion strategies for the coming few years. The report also covers the recent developments of these companies, their financial outlook, and their management styles in the near future.
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