ID: MRFR/F-B & N/5144-HCR | 90 Pages | Published By Pradeep Nandi on March 2023
Still Wine Market is expected to grow at a 11.3% CAGR and reach USD 365.25 Billion by 2030.
$365.25 Billion
11.3%
Europe
2020-2030
The still wine market is expected to grow at a Significant CAGR During Forecast Period. Still wine is a popular type of table wine made from fermented fruit (grape) juice. However, it is free from effervescence or Carbon Dioxide bubbles and therefore lacks fizziness. The rising consumption of wine as a premium alcoholic beverage is driving the market growth. The Global Still wine market value is expected to be worth USD 55.8 billion by the end of the forecast period.
Covid 19 Analysis
The covid-19 pandemic greatly affected the global demand for still wine. The poor performance of the travel and tourism industry, one of the significant demand-generating industries, during the period led to a decrease in wine sales. Similarly, the closure of hotels and restaurants also led to a huge fall in the demand. The market restrictions on end distribution units affected their sales too. Moreover, the travel restrictions also caused disruptions in the supply chain. On the other hand, the production units were also functioning irregularly during the period causing a great loss to the market.
Market Dynamics
Drivers
The growing popularity of wine as an alcoholic and healthy beverage is driving the growth of the Global still wine market. Still wine is more popular than sparkling wine and is widely used as a table wine. This wine is known for its flavor, nutrient richness, rejuvenating ingredients, and gentleness. The significant rise in the millennial population (persons above legal drinking age ) is also generating higher demand for wine. The improvements in wine production technology and mechanization in wine production have helped greatly to increase the production rate. Additionally, the increasing focus of governments and private agencies in supporting and promoting local wine industries across the globe is helping in strengthening the market. Moreover, the increased area under viticulture and in other fruits and improving post-harvest technology is also being highly supportive for the growth of the Global still wine market.
Restraints
Lack of effervescence in still wine makes it a non-preferable choice for people who love fizzy wine. Moreover, the negative perception of society towards wine consumption in many regions is the major hindrance to the growth of the global still wine market.
Technology Analysis
Still wine is a type of table wine produced by fermentation of fresh fruit juices ( grapes) but lacks effervescence (release of carbon dioxide bubbles). Therefore, these wines are not fizzy or bubbly. It is the most popular type of wine. There are three major types of still wine available in the market differentiating in the production process. These are white wine, red wine, and Rose wine. White wine is clear, red wine is red due to the presence of red skin during fermentation, and rose wine lies between them.
Still wine is mostly made by fermenting grape juice. The production process for still wine and sparkling wine is similar but in the production of the later type yeast and sugar culture is added to produce Carbon Dioxide bubbles that make it fizzy. Still wine is a rich source of antioxidants and polyphenols and has different health benefits. It helps in improving heart health, skin, digestive system, cognitive functions, and much more.
Study Objectives
The specific objectives of this market report on the global still wine market are given below:
Segment Analysis
Segmentation, By Type
Red wine holds the major market share in the global market. There is a high demand for this wine due to its attractive color and richness in antioxidants. Red wine gets its red color from the red skin of a variety of grapes where the skin is allowed to remain with juices during fermentation. Hence, it has great health benefits and a pleasing appearance. However, the rose wine segment is expected to grow at a considerable growth rate due to its health benefits.Â
Segmentation, By Distribution Channel
-Store
-Non-Store
The store segment accounts for most of the sales. These stores are in close contact with customers and therefore generate most of the demand. About 90 % of the total still wine sales are through offline store-based channels.
Regional Analysis
The different regional markets for the global still wine market are:
Americas
-North America
-South America
Europe
Asia-Pacific
Rest of the world ( RoW )
Europe accounts for most of the market shares and is the leading regional market for still wine. Wine is an integral part of European culture and finds use on every special occasion. France, Spain, Portugal, and Italy have the highest consumption of wine per capita. Moreover, this region is also one of the world's largest wine-producing regions. The European wine market was valued at USD 147 billion in 2020.
North America follows next to Europe in terms of wine consumption. The US wine market was valued at USD 88 Billion in 2020. The improved standard of living of people coupled with the premiumization of wine is helping in the expansion of the still wine market size in this region.
Asia-Pacific is the fastest-growing regional market segment. The popularization of wine culture in Asian countries like China, India, Korea, Japan is fueling the demand for still wine. Moreover, the local wines of these are also being promoted which are likely to contribute to the market growth. The still wine market is also seeing a good response in Latin America. Other regions viz. Africa and the Middle East segment is expected to witness moderate growth over the forecast period.
Competitive Landscape
The major global companies playing a key role in the still wine market are :
Recent Developments
Intended Audience
This report will be beneficial for every stakeholder of the still wine market such as :
Report Overview
This report from Market Research Future provides an in-depth analysis of the still wine market. This report covers both qualitative and quantitative aspects of the market including future projections. Moreover, the technological analysis section of this report gives clear information about the products and processes to help in a better understanding of the market. Furthermore, this report contains a detailed performance-based analysis of all the market segments. This report has also highlighted the key players and the current developments in the still wine market. Additionally, Covid-19 analysis has also been added to the report to study the impact of the pandemic on the market.
The growing popularity of wine as an alcoholic and healthy beverage is driving the growth of the Global still wine market.
Europe accounts for most of the market shares and is the leading regional market for still wine for Wine being an integral part of European culture.
Red wine holds the major market share in the global market due to its attractive color and richness in antioxidants.
The major global companies playing a key role in the still wine market are : Accolade Wines (Australia), Constellation Brands, Inc. (US), Miguel Torres SA (Spain), The Wine Group (California), Diageo (UK), Concha y Toro (Chile), E&J. Gallo Winery (US), Treasury Wine Estates (Australia), Castel Group (France), Pernod Ricard (France)