Market Overview:
The global sweet 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 sweet red wines across the globe, especially in developing countries. In terms of type, still wines are expected to dominate the global sweet 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 sweet red wine market during the forecast period. Social occasions and entertainment venues are also anticipated to witness significant growth in demand for sweet red wines during the forecast period.
Product Definition:
A sweet red wine is a type of wine made from black grapes that have been allowed to ripen fully on the vine, resulting in high sugar levels. These wines are usually fortified with Brandy or distilled grape spirits to make them more alcoholic and stop fermentation before all the sugar is converted into alcohol. Fortification also stabilizes the sweetness of the wine and helps prevent it from turning into vinegar.
Still Wines:
By definition, still wines are those that have not been fermented in the traditional manner. They are made by a process of maceration (the grapes being left to rot rather than being processed) and then they are bottled without any additional sugar or other sweetener.
The concept of making wine from fresh grapes has been around for thousands of years; however, it was only during the last century that scientists discovered all the processes involved in transforming must into wine - namely fermentation.
Sparkling Wines:
Sparkling wines are also known as sparkling wine or champagne. It is a type of dry, acidic, and slightly sweet red wine. The most popular variety is produced in the Champagne region of France where it has been an important part of the local culture for centuries.
Application Insights:
The daily meals application segment led the global sweet red wine market in 2017. This is attributed to rising demand for various types of sweet red wines in countries, where drinking alcohol is a social custom and an integral part of daily life. In addition, growing preference for alcoholic beverages among millennials around the world has also driven demand for these products as they are seen as a healthy alternative to other types of drinks such as soft drinks and cocktails.
The entertainment venue application segment is expected to witness significant growth over the forecast period owing to rising use of sweet red wine at events such as weddings, anniversaries and birthdays celebrations held at vineyards or wineries. The product has become popular among consumers looking for an affordable yet sophisticated gift option that can be enjoyed by all guests without exception or reservation regarding taste or quality.
Regional Analysis:
North America accounted for the largest share of over 35.0% in 2017. The region has been witnessing a growing demand for premium wines with an emphasis on the product's alcohol content and its flavor, which is often described as fruit-driven or jam-like. The U.S., being one of the largest wine consuming countries globally, is expected to continue influencing global sweet red wine market dynamics over the forecast period.
Europe was valued at USD X million in 2017 and is anticipated to expand at a CAGR of XX% from 2018 to 2030 owing to rising demand from Italy and Spain coupled with increasing exports across other countries such as Germany and France among others; thus making it one of the most influential markets worldwide regarding sweet red wines consumption trends along with North America & Asia Pacific regions respectively).
Growth Factors:
- Increasing demand for sweet red wine from the young population in developing countries.
- Rising disposable income of the consumers, which is encouraging them to spend more on premium products such as sweet red wine.
- Proliferation of online retail channels, which is making it easier for the consumers to purchase sweet red wine products at their convenience and at a lower price point.
- Growing popularity of cocktail culture, which is resulting in an increase in demand for flavored wines including sweet red wines. 5) increasing awareness about the health benefits associated with moderate consumption of sweet red wine
Scope Of The Report
Report Attributes
Report Details
Report Title
Sweet 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
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global Sweet Red Wine Market Report Segments:
The global Sweet 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 Sweet 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 Sweet 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- 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?
Sweet red wine is a type of wine that has been sweetened with sugar.
Some of the major players in the sweet 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 sweet 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 Sweet 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 Sweet Red Wine Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sweet 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 Sweet 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 Sweet Red Wine Market Size & Forecast, 2020-2028
4.5.1 Sweet Red Wine Market Size and Y-o-Y Growth
4.5.2 Sweet 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 Sweet 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 Sweet 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 Sweet Red Wine Market: Competitive Dashboard
14.2 Global Sweet 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)
