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Wine Market – Rise In Population Consuming Wine To Be Considered As The Key Growth Factors

, 27 September 2018 -- Wine Market – Rise In Population Consuming Wine To Be Considered As The Key Growth Factors

Grapes that are ideal for wine-making are mostly grown between the 30th and the 50th-degree latitude in both the Southern and Northern hemisphere. Wines that are not produced from the grapes are developed from rice and different fruits such as cherry, plum, elderberry, and pomegranate.

What are the factors influencing positively on growth of the market?

The global wine market is primarily driven by the rise in population consuming wine and considering it as a way of social recognition. Changing lifestyle and rising income among consumers are fuelling the global wine market. Moreover, rising government rules and regulations and imposition of taxes are hindering the expansion of the global wine market.

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Which is effective distribution channel for wine market?

In terms of distribution channel, the global wine market can be segmented into online distribution channel of wine and offline distribution channel of wine. The offline distribution channel of wine can be further sub-segmented into supermarkets and hypermarkets, specialty stores, and convenience stores. The online distribution channel of wine is anticipated to expand rapidly during the forecast period due to rising internet facilities, easy convenience, and the presence of a large number of brands. However, the offline distribution channel of wine is estimated to dominate the market due to the presence of organized retail networks of wine in the developed and developing regions. Supermarkets and hypermarkets have been more popular in selling wine among consumers in recent years.

What are the key strategies adopted by the key players operating in the global wine market?

Wines are gaining importance recently, and the keys players of wine are engaged in product innovation in order to satisfy the rising demand for wines among the population. Major players operating in the global wine market include Constellations Brand, E & J Gallo Winery, Torres, Treasury Wine estates, vina Conch y Toro, Distell Group.

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Submitted by K Singha on Thursday, 27 September 2018 at 8:44 PM
Category: Science & Research
 
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