Still Wine Market Size, Share, Growth Analysis, By Type Outlook(Red Wine, White Wine, Rose Wine), By Distribution Channels(Supermarkets, Wine Shops, Online Retailers and others), By Region - Industry Forecast 2025-2032


Report ID: SQMIG30F2016 | Region: Global | Published Date: April, 2024
Pages: 198 |Tables: 63 |Figures: 75

Still Wine Market Insights

Still Wine Market size was valued at USD 277.46 Billion in 2023 and is poised to grow from USD 291.06 Billion in 2024 to USD 426.75 Billion by 2032, growing at a CAGR of 4.90% during the forecast period (2025-2032).

Urban consumers' growing preference for unusual wines and the increase in demand for alcoholic beverages are the two main drivers of market expansion. Other significant elements that influence the market growth include changing and evolving lifestyles, increased e-commerce platform penetration, particularly in developing nations, rising public awareness of the advantages of wine consumption, and an increase in the number of eateries, lounges, and entertainment venues. Growing consumer desire for alcohol-based beverages with fewer calories, rapid advancements in packaging technology, and a global trend towards premium wine products will all contribute to market value growth. A significant obstacle to the market expansion will be the high pricing of wines brought on by high production expenses. The government's strict rules and regulations, along with high taxes, will slow the market expansion.

US Still Wine Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2024-2031

Global Market Size

USD 264.50 billion

Largest Segment

Red Wine

Fastest Growth

Red Wine

Growth Rate

4.90% CAGR

Global Still Wine Market 2022-2030 ($ Bn)
Country Share for Europe Region- 2022 (%)

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Still Wine Market Segmental Analysis

Global Still Wine Market is segmented on the basis of Type Outlook, Distribution Channel, and region. By Type, the market is segmented into Red wine, White Wine, and Rose Wine. By Distribution Channels, market is segmented into, Supermarket, Wine Shops, Online Retailers and Other. By region, the market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Analysis by Type Outlook

Red wine is the largest and dominating wine type in the global still wine market, accounting for the majority of the market share. This is due to the popularity of red wine among consumers, as well as its versatility in pairing with different foods. Red wine is produced in many different styles and varietals, such as Cabernet Sauvignon, Merlot, Pinot Noir, and Syrah, which provides consumers with a wide range of choices. red wine is high in antioxidants and strong plant chemicals, it is widely drunk around the world.

The fastest growing segment of the market is Rose Wine. Rosé wine is a growing segment of the still wine market, with increasing demand from younger consumers. Rosé wine is usually made from red grapes but with minimal skin contact, resulting in a pinkish colour. It is often associated with warm weather and outdoor activities, and is gaining popularity as a wine for casual occasions.

White wine is the most popular wine type, but it has a lower market share compared to red wine. White wine is usually lighter and more refreshing than red wine, and is often paired with seafood, poultry, and salads. Popular varietals of white wine include Chardonnay, Sauvignon Blanc, and Riesling.

Analysis by Distribution Channels

The largest segment of the global Still Wine market based on Distribution Channels is Supermarkets. Supermarkets are the largest distribution channel for still wine, accounting for the majority of sales worldwide. Supermarkets offer a wide variety of wine brands and varietals at competitive prices, making it convenient for consumers to purchase wine while doing their grocery shopping.

The fastest growing segment of the market is Online Retailers. consumers a convenient and easy way to purchase wine from the comfort of their own homes. Online retailers also provide a wider selection of wines, including rare and hard-to-find varietals.

Wine shops are also a significant distribution channel for still wine, especially for premium and specialty wines. Wine shops offer a personalized shopping experience and provide expert advice to consumers, making it easier for them to select the right wine for their needs.

Global Still Wine Market Size By Type Outlook 2022(%)

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Still Wine Market Regional Insights

Europe region dominated the global market since it offers one of the most alluring product ranges. It has long been intertwined with specific cultures and celebrations that use the item as a mark of honour. This is one of the main drivers of market expansion in the region. The European Union consumed 48% of the world's wine in 2021, with an anticipated volume of 118 mhl, according to the International Organization of Vine and Wine (OIV). France continues to be a significant consumer despite the fact that the per capita consumption has been on the decline since the a few years ago. Italy is the second-largest market in the EU. The rising popularity of this product is related to the youthful working population's increased acceptance of low ABV beverages in their busy daily routines. As a result, producers are being encouraged by market demand to release fresh, cutting-edge items.

The North America region is one of the fastest-growing markets for Still Wine. Due to millennials' increased interest in premiumization trends, the region offers enormous economic potential. According to OIV, the United States used 33 mhl, or 14% of all products, making it the world's top product consumer. According to the Wine Institute, the California market saw sales of USD 40 billion despite the abrupt stoppage of on-premise sales. Manufacturers are working to diversify their product offerings in response to rising customer demand and consumption. For instance, the debut of Highlands 41 was announced by Riboli Family Wines, a family-owned business with headquarters in California. In addition, it is anticipated that the development of additional vineyards with customer demand in mind will fuel expansion in the coming years.

Global Still Wine Market Size By Geography, 2022-2030
  • Largest
  • Fastest

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Still Wine Market Dynamics

Drivers

Enhancing consumer socialization with alcohol to support market expansion

  • The production and consumption of wine have experienced remarkable growth over the last few decades, which has led to an increase in the pattern of consumption. Today, industrialization, social interactions, and the growing embrace of western culture are some of the elements encouraging alcohol socialization among consumers. The market for low-alcohol beverages is expanding as drinking alcohol is increasingly seen as a sign of social standing. Because to its refreshing appeal and low ABV offerings, it is becoming extremely popular among young people and millennials. In developing nations, it is typically offered as a table drink with everyday cuisine and is primarily connected with a number of occasions. The market will continue to rise as a result of the manufacturers' increased motivation to release and offer novel items.

Platforms for E-Commerce are Growing, Supporting Greater Revenue Generating

  • Throughout the last few years, buying alcohol online has grown in popularity and is anticipated to do so even more in the next years. The advantages are numerous, including easy shopping, prompt home delivery, a variety of offers, and others. Hence, in important markets like the U.K., the U.S., Italy, Spain, and others, the online sales channel is playing a vital role. Online sales in established regions like Europe and North America are anticipated to increase annually by about 15%, according to the Netherlands Ministry of Foreign Affairs. The growth of this channel in Europe climbed by an average of 180% in according to Comité Européen des Entreprises Vins (CEEV). Future growth is additionally anticipated to be supported by the technology developments and enhanced distribution networks in e-commerce.

Restraints

Customers' potential market harm may come from their gradual shift to other alcoholic beverages

  • The market may be hampered by consumers' gradual shift to other alcoholic beverages. The Global developments like the spread of modernity and the rise in booze use have pushed the makers of alcoholic beverages to introduce daring and imaginative new flavours. the steady shift in customer tastes towards different alcoholic drinks such liqueurs, spirits, beer, and others due to their accessibility at reasonable rates. According to American Addiction Centers (AAC), beer, lagers, and cider account for the vast majority of the 400 billion litres of alcohol used annually worldwide. Beer had a 45.5% market share, liquor had a 37.3% share, and this product had the lowest share at 17.2%. Hence, the tendency to turn towards alcoholics in others. drinks is likely to dampen the market growth in the upcoming years. However, the industry players are channelizing their focus towards enticing consumers’ by introducing drinks with various ABV ranges in the market.

Increases the risk of cancer as well as stress

  • Alcohol may have a calming effect by lowering cortisol levels. The mind still has a tendency to stray despite this, though. Like other alcoholic beverages, sparkling wine has been found to increase the tendency to concentrate on unpleasant and negative thoughts. Because of this, most people consume a lot of still wine in an effort to feel better. Many people also reach for a glass of wine after a trying day, but they can expect to face the same challenges the next day. Due to excessive wine intake, people occasionally suffer higher levels of stress. Heart disease can be prevented with the help of sparkling wine. Nonetheless, heavy alcohol use can increase the risk of cancer, especially breast and lung cancer.

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Still Wine Market Competitive Landscape

While there are multiple major participants in the industry, the competitive environment is only somewhat fragmented. The Wine Group, John Distilleries, International Beverage Holdings, Distell Group, and Halewood Wines are a few of the top competitors with sizable market shares. The producers are putting their attention into creating fresh formulations and releasing new goods onto the market. For instance, the Spanish liquor manufacturer Familia Torres stated that it would be introducing a brand-new, pleasurable and decadent red wine to complement its existing Priorat wine selection.

Top Player’s Company Profiles

  • E. & J. Gallo Winery
  • Constellation Brands
  • The Wine Group
  • Treasury Wine Estates
  • Accolade Wines
  • Castel Group
  • Pernod Ricard
  • Concha y Toro
  • Viña Concha y Toro
  • Kendall-Jackson Vineyard Estates
  • Bodegas Torres
  • Trinchero Family Estates
  • Jackson Family Wines
  • Bronco Wine Company
  • Sutter Home Winery
  • Ste. Michelle Wine Estates
  • Barefoot Cellars
  • Francis Ford Coppola Winery
  • Santa Margherita USA
  • Yellow Tail

Recent Developments

  • In January 2022, Australian Beer, a Coca-Cola Europacific Partners subsidiary, was purchased by Casella. The corporation wanted to broaden and improve its portfolio of beer and cider offerings, so it made this transaction.
  • In September 2021, The Torre family found the most recent vintage of their Antologa Miguel wine collection. The trademark beverage embodies the vinery's dedication to sustainable practices and regenerative viticulture as a means of addressing climate change.
  • In July 2021, A series of wines dubbed "The Language of Yes" has been released, according to the E. & J. Gallo Winery Group, a leader in the world's liquor and beverages business, and Randall Grahm, a legendary winemaker and visionary. The new line takes its cues from Southern France's long history of winemaking.

Still Wine Key Market Trends

  • Increasing wine consumption will drive market expansion

The Wine has long been a part of some civilizations, while it is completely taboo or even prohibited in others. Other libations are preferred in many sub-Saharan African and Asian civilizations, with the exception of South Africa, a renowned wine-growing country. Research suggest that some Chinese customers might prefer sweeter versions of wine, or at the very least, wine blended with soft beverages. Because cultural changes take time, these "frontier" markets are difficult. Europe has the most developed wine markets, with Portugal, Italy, and France consuming over 35 litres of wine per person yearly, compared to 23.9 litres for Australia, 9.9 for the US, and barely 3.5 for China. With 58% of the volume and 50% of the total value of global consumption, Europe remains the centre of the world. China, the United States, and France collectively have the largest wine markets due to their greater populations, although Germany, the United States, and the United Kingdom are the main importers of wine due to their countries' significantly lower output than consumption.

  • Increasing popularity of organic and natural wines

Organic and natural wines are produced using environmentally-friendly and sustainable methods, without the use of synthetic pesticides, herbicides, or fertilizers. The grapes are grown using organic or biodynamic farming practices, and the wine is made using traditional winemaking techniques that minimize the use of additives and processing aids. There is growing interest in organic and natural wines among younger consumers, who are more health-conscious and environmentally aware. These consumers are willing to pay a premium for products that align with their values, and are attracted to the authentic and artisanal nature of organic and natural wines

Still Wine Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our global Still Wine market analysis, global market growth is driven by several factors, including increasing consumer demand for premium wines, rising disposable incomes, and changing consumer preference. Europe is the largest market for still wine, followed by North America and Asia-Pacific. Emerging markets in Asia-Pacific, such as China and India, are experiencing rapid growth in wine consumption, driven by the rising middle class and increasing wine culture. The global still wine market can be segmented based on the type of wine, such as red, white, rose, and others. Red wine is the most popular type, accounting for more than half of the market share, followed by white wine and rose wine. The market is driven by changing consumer preferences and behaviours, as well as technological advancements and innovation in the industry.

Report Metric Details
Market size value in 2022 USD 264.50 billion
Market size value in 2031 USD 406.82 billion
Growth Rate 4.90%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type Outlook
    • Red Wine, White Wine, Rose Wine
  • Distribution Channels
    • Supermarkets, Wine Shops, Online Retailers and others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • E. & J. Gallo Winery
  • Constellation Brands
  • The Wine Group
  • Treasury Wine Estates
  • Accolade Wines
  • Castel Group
  • Pernod Ricard
  • Concha y Toro
  • Viña Concha y Toro
  • Kendall-Jackson Vineyard Estates
  • Bodegas Torres
  • Trinchero Family Estates
  • Jackson Family Wines
  • Bronco Wine Company
  • Sutter Home Winery
  • Ste. Michelle Wine Estates
  • Barefoot Cellars
  • Francis Ford Coppola Winery
  • Santa Margherita USA
  • Yellow Tail
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Still Wine Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Still Wine Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Still Wine Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Still Wine Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Still Wine Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Still Wine Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Still Wine Market size was valued at USD 264.50 billion in 2022 and is poised to grow from USD 277.46 billion in 2023 to USD 406.82 billion by 2031, growing at a CAGR of 4.90% during the forecast period (2024-2031).

While there are multiple major participants in the industry, the competitive environment is only somewhat fragmented. The Wine Group, John Distilleries, International Beverage Holdings, Distell Group, and Halewood Wines are a few of the top competitors with sizable market shares. The producers are putting their attention into creating fresh formulations and releasing new goods onto the market. For instance, the Spanish liquor manufacturer Familia Torres stated that it would be introducing a brand-new, pleasurable and decadent red wine to complement its existing Priorat wine selection. 'E. & J. Gallo Winery', 'Constellation Brands', 'The Wine Group', 'Treasury Wine Estates', 'Accolade Wines', 'Castel Group', 'Pernod Ricard', 'Concha y Toro', 'Viña Concha y Toro', 'Kendall-Jackson Vineyard Estates', 'Bodegas Torres', 'Trinchero Family Estates', 'Jackson Family Wines', 'Bronco Wine Company', 'Sutter Home Winery', 'Ste. Michelle Wine Estates', 'Barefoot Cellars', 'Francis Ford Coppola Winery', 'Santa Margherita USA', 'Yellow Tail'

The production and consumption of wine have experienced remarkable growth over the last few decades, which has led to an increase in the pattern of consumption. Today, industrialization, social interactions, and the growing embrace of western culture are some of the elements encouraging alcohol socialization among consumers. The market for low-alcohol beverages is expanding as drinking alcohol is increasingly seen as a sign of social standing. Because to its refreshing appeal and low ABV offerings, it is becoming extremely popular among young people and millennials. In developing nations, it is typically offered as a table drink with everyday cuisine and is primarily connected with a number of occasions. The market will continue to rise as a result of the manufacturers' increased motivation to release and offer novel items.

Increasing wine consumption will drive market expansion

Europe region dominated the market since it offers one of the most alluring product ranges. It has long been intertwined with specific cultures and celebrations that use the item as a mark of honour. This is one of the main drivers of market expansion in the region. The European Union consumed 48% of the world's wine in 2021, with an anticipated volume of 118 mhl, according to the International Organization of Vine and Wine (OIV). France continues to be a significant consumer despite the fact that the per capita consumption has been on the decline since the a few years ago. Italy is the second-largest market in the EU. The rising popularity of this product is related to the youthful working population's increased acceptance of low ABV beverages in their busy daily routines. As a result, producers are being encouraged by market demand to release fresh, cutting-edge items.

Still Wine Market size was valued at USD 264.50 billion in 2022 and is poised to grow from USD 277.46 billion in 2023 to USD 406.82 billion by 2031, growing at a CAGR of 4.90% during the forecast period (2024-2031).

While there are multiple major participants in the industry, the competitive environment is only somewhat fragmented. The Wine Group, John Distilleries, International Beverage Holdings, Distell Group, and Halewood Wines are a few of the top competitors with sizable market shares. The producers are putting their attention into creating fresh formulations and releasing new goods onto the market. For instance, the Spanish liquor manufacturer Familia Torres stated that it would be introducing a brand-new, pleasurable and decadent red wine to complement its existing Priorat wine selection. 'E. & J. Gallo Winery', 'Constellation Brands', 'The Wine Group', 'Treasury Wine Estates', 'Accolade Wines', 'Castel Group', 'Pernod Ricard', 'Concha y Toro', 'Viña Concha y Toro', 'Kendall-Jackson Vineyard Estates', 'Bodegas Torres', 'Trinchero Family Estates', 'Jackson Family Wines', 'Bronco Wine Company', 'Sutter Home Winery', 'Ste. Michelle Wine Estates', 'Barefoot Cellars', 'Francis Ford Coppola Winery', 'Santa Margherita USA', 'Yellow Tail'

The production and consumption of wine have experienced remarkable growth over the last few decades, which has led to an increase in the pattern of consumption. Today, industrialization, social interactions, and the growing embrace of western culture are some of the elements encouraging alcohol socialization among consumers. The market for low-alcohol beverages is expanding as drinking alcohol is increasingly seen as a sign of social standing. Because to its refreshing appeal and low ABV offerings, it is becoming extremely popular among young people and millennials. In developing nations, it is typically offered as a table drink with everyday cuisine and is primarily connected with a number of occasions. The market will continue to rise as a result of the manufacturers' increased motivation to release and offer novel items.

Increasing wine consumption will drive market expansion

Europe region dominated the market since it offers one of the most alluring product ranges. It has long been intertwined with specific cultures and celebrations that use the item as a mark of honour. This is one of the main drivers of market expansion in the region. The European Union consumed 48% of the world's wine in 2021, with an anticipated volume of 118 mhl, according to the International Organization of Vine and Wine (OIV). France continues to be a significant consumer despite the fact that the per capita consumption has been on the decline since the a few years ago. Italy is the second-largest market in the EU. The rising popularity of this product is related to the youthful working population's increased acceptance of low ABV beverages in their busy daily routines. As a result, producers are being encouraged by market demand to release fresh, cutting-edge items.

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Still Wine Market

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