Still Wine Market - Industry Insights, Trends, and Outlook 2018-2025

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Still Wine Market- Global Industry Insight,
Trends, Outlook, and Opportunity Analysis
2017-2025

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REPORT DESCRIPTION
Still Wine Market Overview
Still wine is a kind of table wine, which is
specially treated to remove carbon dioxide, in
order to make it non bubbly or fuzzy. Grapes are
the most widely used raw material for still wine
manufacturing. Manufacturing of still wine
includes various processes such as sorting of raw
material, crushing, maceration pressing,
fermentation, maturation, bottling, and bottle
aging. Majority of wines are developed for
immediate drinking, whereas some wines are
manufactured to get benefits from bottle aging in
optimum cellar conditions. Market Dynamics
Increasing popularity of alcoholic beverages
such as wine and beer in the high millennial
population (above the legal drinking age) is
expected to be the major factor for growth of the
market. According to Millennial Engagement
Initiative Report 2017, in 2014, over 36 of the
U.S. workforce comprises millennial generation
and nearly half (46) of all the U.S. work force
is projected to be millennial by 2020. Such
factors are projected to create conducive
environment for growth of the still wine market
over the forecast period. Moreover, increasing
investment by leading market players to expand
wine production capacity to better serve the
needs of local customers is an important factor
for growth of the market. For instance, in
November 2016, Accolade wines invested US 40
million into Berry Winery, to establish new
packaging and glass bottling plant. The new
facility possesses a bottling capacity of 8
million cases of wine annually.
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REPORT DESCRIPTION
Market Outlook On the basis of distribution
channel, supermarkets segment is projected to
gain major traction in the market over the
forecast period. In International Wine Challenge
2018, over 391 supermarkets such as Morrison,
Waitrose, Tesco, and various others received
awards for their offerings in variety of wines.
As a part of long term sales and marketing
strategy, supermarkets are engaged in launching
new still wine products to receive acknowledgment
in International Wine Challenge. For instance, in
November 2017, Tesco launched a Grenacha-Rose and
a Sauvignon Blanc, two new low alcohol still
wines, in order to meet rising demand for still
wines in the U.K. Europe is a well-established
market for still wine and accounted for highest
revenue share in global still wine market in
2017. In Europe, countries such as France, Italy,
Spain, and Germany are the leading producers of
still wines. According to United States
Department of Agriculture 2017 Report, on Germany
Wine Industry, total consumption of still wine
and sparkling wine fluctuated between 19.3 and
20.5 million hl during 2015-17. Moreover, per
capita consumption of wine increased between 20.1
and 21.1 liters in 2017. In 2015, Germany
imported over 1.5 billion liters of wine, which
included 58 of bulk wine, 37 bottled wine, and
4 sparkling wine. These factors are expected to
aid in growth of still wine market in
Europe. Request sample Copy of this
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REPORT DESCRIPTION
Key players Key players operating in the global
still wine market include E. J. Gallo Winery,
Constellation Brands, Inc., Miguel Torres S. A.,
The Wine Group Inc., Treasury Wine Estate, Castel
Group, Accolade Wines, Concha y Toro, and among
others. Several companies that manufacture still
wine are adopting various growth strategies, in
order to sustain their market position. Mergers,
acquisitions, and collaboration in various
geographies are some of key strategies followed
by major players in the still wine market. For
instance, in June 2016, E. J. Gallo Winery
acquired Orin Swift Cellars, a well-known wine
brand. The acquisition included rights for Orin
Swift Cellars wine brands, related inventory
along with the control of popular wine tasting
room located at St. Helena. Furthermore, in
February 2016, E. J. Gallo Winery acquired
distribution rights for Renato Ratti, an
Italy-based wine manufacturer, in the U.S.
market. Such activities are creating a conducive
environment for growth of the market. To Get
Discount on this Report https//www.coherentmarke
tinsights.com/insight/request-discount/1579
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