Global Still Wine Market showed crucial growth in the recent years and is anticipated to witness a steep rise by generating an estimated revenue of US$ xx.xx billion over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 4.97% during the forecast period that is 2017-2025. Still wine is a specially treated form of table wine that doesn’t contain carbon dioxide thereby making it non-fizzy in nature. Grapes are predominantly used for making wine. However, other sources such as cherry, plum, pomegranate and rhododendron are also used to make wine. Most of the wines are made for immediate drinking. However, few wines are manufactured to reap the benefits of aging, in perfect cellar conditions.

Global Still Wine Market Size, Share Analysis By Region 2017

Still Wine: An Upward Trend

Increasing consumer base of alcoholic beverages is the major factor resulting in the growth of the still wine market. Furthermore, the growing awareness about the health benefits of wine is also expected to substantially contribute to the revenue of the still wine market during the forecast period. Moreover, growing investment by the leading players in the global still wine market is also estimated to add to the growth of the market during the review period.

On the basis of distribution channel, the global still wine market has been segmented into supermarkets, hypermarkets, specialty stores, convenience stores, online channels and others. According to Veracious Statistics Research analysis, the supermarket segmented is projected to show the highest growth during the forecast period. The presence of long-term marketing strategies in supermarkets is projected to substantially contribute to the growth of the segment. 

Regional Analysis

Europe is expected to lead the still wine market throughout the forecast period from 2017 to 2025.  The presence of major wine cultures in this region mainly in countries such as France, Croatia, Andorra, Italy and Slovenia among others is anticipated to positively contribute to the growth of the still wine market. According to our industry experts, the Italy recorded the highest per capita consumption of wine in 2016 of 46.8 liters, followed by France at 46.0 liters and Switzerland at 45.2 liters. However, Asia Pacific is anticipated to exhibit the fastest growth in the still wine market during the forecast period. India and China are spearheading the growth of the still wine market in the region. According to Veracious Statistics Research, per capita consumption of wine in China amounted to 1.5 liters in 2015, the growth however is expected to be between 20%-25% in the coming years. Rising middle class population in the region coupled with the growing preference of still wine among the young population are the key factors propelling the growth of the still wine market. Moreover, the consumption of wine is also witnessing a steady growth over other spirits on account of the growing awareness about its health benefits.

Key Players Landscape

Some of the proficient players operating in the global still wine market are Diageo Plc, Pernod Ricard, E&J Gallo Winery and Constellation Brands Inc. among others. These key players are adopting various organic and inorganic growth strategies to enhance their market presence. For instance, E&J Gallo Winery purchased 542 acres of the Sierra Madre property which is a vineyard located in Santa Barbara Country in California in May 2018. Additionally, in the same period, the company also purchased Rancho Real Vineyard, which is also based in Santa Barbara Country.

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