The global wine production reached a new height in 2018, at 292.3 MHL from 246.7 MHL in 2017. Wine production stabilized in 2018 post-Spain, Italy and France experiencing normal harvests. Italy was the leading wine producer followed by France and Spain. These countries together contribute over 50% of the world wine market by volume and are also the largest wine exporters, primarily to the United States.
Even though the top three wine producers are European, some countries in Europe including Portugal, Greece and Bulgaria, have faced a decline in production due to adverse weather conditions. Italy is globally the largest wine producer and the second-largest grape producer. France is the second-largest wine producer and consumer in the world. It is projected that by 2020, China will overtake France as the second-largest wine market globally in terms of value. Spain is the third-largest wine producer in the world, behind Italy and France.
Globally, players are looking to increase prices while at the same time create new wine consumers. For the long-term health of the industry it is crucial to increase the base of wine consuming consumers via introduction of newer flavors, low sugar - low alcohol options along with new formats. Winemakers also need to engage young millennials at the awareness and consideration stage of the consumer journey via targeted promotions. Digitally led communication focusing on the health benefits of wine and interesting trivia about origin can help induct new consumers into the category
Why should the report be purchased?
The report Assessment of the Global Wine Market 2019' highlights key dynamics ofthe global wine market. The growing opportunity in the sector has been investigated for each of the largest wine-producing and consuming nations globally, including Italy, Spain, France, United States, China and India. The initiatives and performance of key players including E & J Gallo Winery, Constellation Brands, Pernod Ricard, The Wine Group and Sula Vineyards has been examined. The current market scenario has also been studied. The report contains the latest views and opinions of industry leaders.
Research methodology and delivery time
The publisher has conducted in-depth secondary research to arrive at key insights. Data collected from key public industry sources and publications has been scanned and analyzed impartially to present a clear picture of the industry. All recent developments which impact the sector dynamics have been captured and used to support the research hypothesis.
The report is available as single-site single-user license. The delivery time for the electronic version of the report is 3 business days as each copy undergoes thorough quality check and is updated with the most recent information available. The dispatch time for hard copies is 4 business days, as each hard copy is custom printed for the client.
Key Topics Covered:
1. Analyst Opinion
2. Global Wine Market
2.2 Market Performance& Statistics
2.3 Market Drivers
2.4 Market Challenges
2.5 Market Outlook
2.6 Industry Speak
3. Italy Wine Market
3.2 Market Performance &Statistics
3.3 Market Outlook
3.4 Industry Speak
4. France Wine Market
4.2 Market Performance & Statistics
4.3 Market Outlook
4.4 Industry Speak
5. Spain Wine Market
5.2 Market Performance & Statistics
5.3 Market Outlook
5.4 Industry Speak
6. United States Wine Market
6.2 Market Performance & Statistics
6.3 Market Outlook
6.4 Industry Speak
7. China Wine Market
7.2 Market Performance & Statistics
7.3 Market Outlook
7.4 Industry Speak
8. India Wine Market
8.2 Market Performance & Statistics
8.3 Market Outlook
8.4 Industry Speak
9. Competitive Landscape
9.1 E & J Gallo Winery
9.2 Constellation Brands
9.3 Pernod Ricard
9.4 The Wine Group
9.5 Sula Vineyards
10. List of Charts and Graphs
For more information about this report visit https://www.researchandmarkets.com/r/ivkyq4