According to a new report, published by KBV research, The Global Still Wine Market size is expected to reach $505.1 billion by 2028, rising at a market growth of 9.7% CAGR during the forecast period.
The Liquor Stores segment acquired maximum revenue share in the Global Still Wine Market by Distribution Channel in 2021, thereby, achieving a market value of $186.2 billion by 2028. The rapidly surging growth of this segment is owing to the higher retail sales of wine and beer over the counter. Moreover, compared to bars, pubs, cafes, and other sales channels, liquor stores offer a wider range of items at lower prices, which has increased the popularity of retail counters around the world.
The White Wine market is showcasing a CAGR of 10.2% during (2022 - 2028). The increasing growth of the segment is attributed to the heart-related health benefits of white wine. White wine is also widely drunk in various countries. In the coming years, increased demand for white wine across developed countries is expected to drive this segment's growth.
The North America market dominated the Global Still Wine Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $170.5 billion by 2028. The Europe market is estimated to witness a CAGR of 9.5% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 10.3% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/still-wine-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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