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Increasing Popularity of Organic Wine to Boost Growth

Time:2018-10-31 14:38wine - Red wine life health Click:

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LONDON--(BUSINESS WIRE)--Oct 26, 2018-- analysts forecast the global wine market to grow at a CAGR of over 2% during the forecast period, according to their latest market research report.

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Technavio has published a new market research report on the global wine market from 2018-2022. (Photo: Business Wire)

The growing popularity of organic wine is one of the major trends being witnessed in the . The growing health consciousness among consumers is encouraging them to opt for healthier variants of wine such as organic wines. The growing popularity of organic, biodynamic, and natural wines can be gauged from the fact that 30% of the wine lists provided by vendors include these variants. Over the years, organic wine has become popular due to factors such as the growing support for environmental conservation, sustainable agriculture, and preference for chemical-free foods. Thus, increasing demand for organic and natural wines from major wine markets is contributing to the growth of organic viniculture, which is boosting the growth of the global wine market.

This report is available at a USD 1,000 discount for a limited time only:

According to Technavio analysts, one of the key factors contributing to the growth of the global wine market is the growing adoption of premiumization strategies to drive profitability:

Global wine market: Growing adoption of premiumization strategies to drive profitability

The premiumization of wines has emerged as a key buying criterion in the global wine market. Also, the growing demand for superior value and characteristics in wines has encouraged vendors to adopt the strategy of premiumization. The increasing disposable income and aspirational mindset of the middle class is propelling the concept of premiumization among consumers driving the global wine market. Also, growing awareness and knowledge of consumers about different wine varieties is fueling the shift toward more expensive wines. Therefore, the overall global wine market has seen increasing sales and growth from the premium segments in recent years.

According to a senior analyst at Technavio for research on alcoholic beverages, “Apart from factors such as premiumization strategies, other influences like rising consumption of craft and artisan wines and increasing use of digital channels for sale, is boosting the growth of the global wine market.”

Global wine market: Segmentation analysis

The global wine market research report provides market segmentation by product (still wine and sparkling wine), and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The EMEA region held the largest share of the market in 2017, accounting for close to 56% share, followed by APAC and the Americas respectively. During the forecast period, APAC is expected to register a higher incremental growth rate than the Americas.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystemMarket characteristicsMarket segmentation analysis

Market Sizing

Market definitionMarket size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparisonKey leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors coveredVendor classificationMarket positioning of vendorsCompetitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

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