August 27, 2020
Growing popularity of wine among the customers is the major factor expected to drive the growth of global still wine market over the forecast period. Still wine consists to resveratrol that helps fight bacteria and fungi and provides protection against ultraviolet (UV) radiation. As per the reports, in 2019, the total volume of wine production accounted for 260 million hectoliters globally.
Notably, still wine is a type of table wine made of white and black grapes. After the fermentation, wine is kept for releasing carbon dioxide to reduce the effervescence, hence giving still wine.
Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2764802/
However, excessive consumption of still wine can lead to mental health problems, stroke, addiction, and hypertension, which acts as restraining factor for the market growth. Despite that, introduction of advanced storage techniques which can prevent wine from direct sun exposure and viable temperature control systems are likely to create ample of opportunities for still wine market players during 2020-2027.
Based on wine type, global still wine industry is segmented into white wine, red wine, and others. With respect to the distribution channel, the industry is bifurcated into convenience stores, online channels, supermarkets & hypermarkets, specialty stores, and others.
From regional frame of reference, global still wine market is segmented into North America, Asia Pacific, Europe, Latin America, and rest of the world. Europe held a major industry share in the recent past and is anticipated to grow significantly during forecast period, owing to rise in consumption of still wine and presence of leading wine-producing countries like France, Germany, Italy, and Spain in the region.
Meanwhile, Asia-Pacific still wine market is predicted to witness strong growth rate through 2027, owing to increasing number of wine producers along with development of the retail & e-commerce sector in the region.
Leading companies operating in global still wine market includes Castel Group, E&J Gallo Winery, Diageo plc, Accolade Wines, Constellation Brands, Concha y Toro, The Wine Group, Pernod-Ricard, Treasury Wine Estates (TWE), and Trinchero Family Estates Inc.