Market Overview:
The global off dry red wine market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for off dry red wine across the globe, owing to its various health benefits and taste profile. In terms of type, still wines are expected to dominate the global off dry red wine market during the forecast period, followed by sparkling wines. In terms of application, daily meals are expected to account for a major share of the global off dry red wine market during the forecast period, followed by social occasions and entertainment venues. North America is estimated to be one of the leading markets for off dry red wine in 2018 and is projected to maintain its dominance throughout 2030.
Product Definition:
Off dry red wine is a type of wine that has a lower level of sweetness than regular red wines. Off dry red wines are usually made with grapes that have been picked when they are slightly under ripe, which gives them a tart flavor. These wines can be used in cooking to add flavor to dishes, or they can be enjoyed on their own as an after dinner drink. Off dry red wines are available at most liquor stores and grocery stores.
Still Wines:
Off-dry red wine is a type of wine that is produced from the fermentation of whole grapes without the addition of any additional sugar. Sugar levels in these wines are generally higher than those in normal red wines as they are not fermented with the help of added grape juice.
Sparkling Wines:
Sparkling wines are also known as sparkling wine or champagne. It is a type of dry red wine that contains at least one-third non-alcoholic content, usually from added sugar sources. Sparkling wines have been gaining popularity among consumers due to their fizziness and this has led the manufacturers to increase their production output in order to keep up with the demand.
Application Insights:
The daily meals application segment led the global off dry red wine market in 2017. This is attributed to rising disposable income among consumers, increasing awareness regarding health and wellness, and changing lifestyle trends. Furthermore, growing demand for packaged food products is expected to have a positive impact on the growth of this segment over the forecast period.
The social occasions application segment accounted for more than 25% share of the total revenue in 2017 owing to increased spending on alcohol by individuals or organizations at events like weddings or parties. Social occasions are also referred as family gatherings where people spend time together eating and drinking wine with good moods feeling merry & relaxed. These situations require specific types of wines that do not overpower but complement food flavors while maintaining drinkability even when chilled overnight (46°F). Such requirements have resulted in high demand for such wines across various social occasions globally which has positively impacted market growth over recent years.
Regional Analysis:
Europe was the largest market for off dry red wine, accounting for more than 35% of the global revenue in 2017. The region is expected to continue its dominance over the forecast period as well. High consumption of still and sparkling wines across various social occasions and celebrations in countries including France, Italy, Spain among others are expected to drive demand over the next eight years.
Asia Pacific is anticipated to be one of the fastest growing markets with a CAGR exceeding 6% from 2018 to 2030 owing to increasing per capita income levels coupled with rising awareness regarding quality wines among consumers in China and India among other countries such as Australia & New Zealand which are also major producers of off-dry red wine grapes such as cabernet sauvignon, merlot & shiraz/ Syrah amongst others.
Growth Factors:
- Increasing demand for red wine in the global market.
- Rising disposable income of consumers, especially in developing countries.
- Growing popularity of wine tourism, which is boosting demand for off-dry red wines.
- Proliferation of wine bars and restaurants that are offering off-dry red wines as a specialty item on their menus, thereby driving sales growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Off Dry Red Wine Market Research Report
By Type
Still Wines, Sparkling Wines
By Application
Daily Meals, Social Occasions, Entertainment Venues, Other Situations
By Companies
E&J Gallo Winery (USA), Constellation (USA), Castel (France), The Wine Group (USA), Accolade Wines (South Australia), Concha y Toro (Chile), Treasury Wine Estates (TWE) (Australia), Trinchero Family (USA), Pernod-Ricard (France), Diageo (UK), E&J Gallo Winery (USA), Changyu Group, Kendall-Jackson Vineyard Estates, GreatWall (China), Dynasty (China)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global Off Dry Red Wine Market Report Segments:
The global Off Dry Red Wine market is segmented on the basis of:
Types
Still Wines, Sparkling Wines
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Daily Meals, Social Occasions, Entertainment Venues, Other Situations
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- E&J Gallo Winery (USA)
- Constellation (USA)
- Castel (France)
- The Wine Group (USA)
- Accolade Wines (South Australia)
- Concha y Toro (Chile)
- Treasury Wine Estates (TWE) (Australia)
- Trinchero Family (USA)
- Pernod-Ricard (France)
- Diageo (UK)
- E&J Gallo Winery (USA)
- Changyu Group
- Kendall-Jackson Vineyard Estates
- GreatWall (China)
- Dynasty (China)
Highlights of The Off Dry Red Wine Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Still Wines
- Sparkling Wines
- By Application:
- Daily Meals
- Social Occasions
- Entertainment Venues
- Other Situations
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Off Dry Red Wine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Off dry red wine is a type of wine that has not been exposed to additional water after the grapes have been harvested. This means that the wine has a higher percentage of alcohol and less sugar.
Some of the major players in the off dry red wine market are E&J Gallo Winery (USA), Constellation (USA), Castel (France), The Wine Group (USA), Accolade Wines (South Australia), Concha y Toro (Chile), Treasury Wine Estates (TWE) (Australia), Trinchero Family (USA), Pernod-Ricard (France), Diageo (UK), E&J Gallo Winery (USA), Changyu Group, Kendall-Jackson Vineyard Estates, GreatWall (China), Dynasty (China).
The off dry red wine market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Off Dry Red Wine Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Off Dry Red Wine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Off Dry Red Wine Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Off Dry Red Wine Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Off Dry Red Wine Market Size & Forecast, 2020-2028
4.5.1 Off Dry Red Wine Market Size and Y-o-Y Growth
4.5.2 Off Dry Red Wine Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Still Wines
5.2.2 Sparkling Wines
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Daily Meals
6.2.2 Social Occasions
6.2.3 Entertainment Venues
6.2.4 Other Situations
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Off Dry Red Wine Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Off Dry Red Wine Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Still Wines
9.6.2 Sparkling Wines
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Daily Meals
9.10.2 Social Occasions
9.10.3 Entertainment Venues
9.10.4 Other Situations
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Still Wines
10.6.2 Sparkling Wines
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Daily Meals
10.10.2 Social Occasions
10.10.3 Entertainment Venues
10.10.4 Other Situations
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Still Wines
11.6.2 Sparkling Wines
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Daily Meals
11.10.2 Social Occasions
11.10.3 Entertainment Venues
11.10.4 Other Situations
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Still Wines
12.6.2 Sparkling Wines
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Daily Meals
12.10.2 Social Occasions
12.10.3 Entertainment Venues
12.10.4 Other Situations
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Still Wines
13.6.2 Sparkling Wines
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Daily Meals
13.10.2 Social Occasions
13.10.3 Entertainment Venues
13.10.4 Other Situations
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Off Dry Red Wine Market: Competitive Dashboard
14.2 Global Off Dry Red Wine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 E&J Gallo Winery (USA)
14.3.2 Constellation (USA)
14.3.3 Castel (France)
14.3.4 The Wine Group (USA)
14.3.5 Accolade Wines (South Australia)
14.3.6 Concha y Toro (Chile)
14.3.7 Treasury Wine Estates (TWE) (Australia)
14.3.8 Trinchero Family (USA)
14.3.9 Pernod-Ricard (France)
14.3.10 Diageo (UK)
14.3.11 E&J Gallo Winery (USA)
14.3.12 Changyu Group
14.3.13 Kendall-Jackson Vineyard Estates
14.3.14 GreatWall (China)
14.3.15 Dynasty (China)
