LAMEA Still Wine Market Size, Share & Industry Trends Analysis Report By Distribution Channel (Liquor Stores, Internet Retailing, Supermarkets, Pub, Bars & Restaurants), By Type (Red Wine, White Wine), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Still Wine Market would witness market growth of 11.8% CAGR during the forecast period (2022-2028).
The new wine is at the bottom of the vat at the end of fermentation. To obtain pressed must, the solid substance is pressed. It can be consumed locally, blended, or used to make spirits. Some vineyards age their wines in stainless steel vats, resulting in pale red wines. The wine is drained and filled in a container to mature, which is usually oak wood barrels. The wine captures the vanilla flavor from the oak and then reacts with the oxygen that enters through the fine pores during the maturing process. A stainless-steel tank is an alternative choice for maturing. Wines that are hazy and contain very small particles require clarification.
The region is constantly strengthening its foothold in the still wine market with increased production of grapes as well as wines. According to the South African Wine Industry, South Africa is the world's ninth-largest wine-producing country. In terms of grape farming, the country's agricultural area is approximately 93,021 hectares (930km2), with an equitable balance of red (44.8%) and white (55.2%) varieties grown across these vineyards. South Africa's temperate Mediterranean temperature (-2°C to 36°C) and considerable rainfall from May to August are natural causes of the country's high position in terms of production and quality in terms of climate. Chardonnay as well as Cabernet Franc is two of the country's best wine varieties. South Africa now exports about half of its wine to various countries all over the world.
Moreover, in UAE, governments have dramatically loosened regulations on the consumption of liquor. Residents of the UAE are permitted to consume alcohol both at home as well as in licensed establishments. Residents of Dubai must still have a liquor license, while residents of Abu Dhabi and the other Emirates, excluding the Emirate of Sharjah, do not need any permit to buy alcohol for personal consumption. Tourists in Dubai can acquire a temporary liquor license for a month from one of the city's two recognized liquor wholesalers.
The Brazil market dominated the LAMEA Still Wine Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $10,200.1 million by 2028. The Argentina market is experiencing a CAGR of 12.3% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 10.2% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into Liquor Stores, Internet Retailing, Supermarkets, Pub, Bars & Restaurants, and Others. Based on Type, the market is segmented into Red Wine, White Wine, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Egypt, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Still Wine Market is Predict to reach $505.1 Billion by 2028, at a CAGR of 9.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Constellation Brands, Inc., The Wine Group, E. & J. Gallo Winery, Diageo PLC, Pernod Ricard S.A., Treasury Wine Estates Limited, Trinchero Family Estates, CASTEL Familial et international, Zhang Yu Wine Company, and Casella Wines Pty Limited.
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
- Liquor Stores
- Internet Retailing
- Pub, Bars & Restaurants
- Red Wine
- White Wine
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Constellation Brands, Inc.
- The Wine Group
- E. & J. Gallo Winery
- Diageo PLC
- Pernod Ricard S.A.
- Treasury Wine Estates Limited
- Trinchero Family Estates
- CASTEL Familial et international
- Zhang Yu Wine Company
- Casella Wines Pty Limited
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