Wine Market Top Manufacturers Analysis,
Size Report and Growth Forecast to 2027

The global wine market size is  to reach
USD 456.76 billion by 2028 on account of the increasing adoption of a lavish
and wealthy lifestyle. Wine is an alcoholic drink made of fermented grape
juice. The yeast helps to consume the sugar present in the grapes and changes
it to carbon dioxide, ethanol, and heat. The variety of strains of yeasts and
grapes produces different types of wine. Wine has been consumed by people for
thousands of years and also has religious importance. Wine also has health
benefits when consumed in limits. The market value was USD 339.53 billion in
2020 and is likely to exhibit a CAGR of 4.30% between 2021 and 2028.

What are the Highlights of the Report?

The report provides a 360-degree
overview of the market and various factors driving, restraining, challenging,
and creating opportunities for the market. It also discusses the table of
segmentation based on factors such as type, flavor, distribution channel, and
geography, and lists the names of leading factors.  Furthermore, the
report highlights current trends prevalent in the market, significant industry
developments, and other interesting insights into the market. To purchase this
report, refer to the company website.

Market Drivers

Rising Adoption of Wine as a Sign of
Social Status will Propel Growth

The rising adoption of alcohol as a
social drink is a major wine market driver. This, coupled with modernization,
westernization, and promotion of alcohol consumption socially will also add
impetus to the market in the coming years. Wine and alcohol consumption has now
become a social status and this supports the growth of alcoholic beverages
worldwide.

List of Wine Market Manufacturers
include:

·        
John
Distilleries (India)

·        
Distell
Group Limited (South Africa)

·        
Sula
Vineyards Pvt. Ltd. (India)

·        
E
& J Gallo Winery (U.S.)

·        
Treasury
Wine estates (Australia)

·        
The
Wine Group (U.S.)

·        
International
Beverage Holdings (Thailand)

·        
Halewood
Wines International (U.K.)

·        
Accolade
Wines, Plc. (U.S.)

Information  Source:

https://www.fortunebusinessinsights.com/wine-market-102836