Moldova Still Wine Market Overview:
A research team conducted a significant amount of primary and secondary research for the analysis of the Moldova Still Wine market. In order to supplement the available data, segment the market, calculate the market’s overall size, and project market size and growth rate, secondary research was conducted.
The market for Moldova Still Wine is discussed, as well as the various market participants. Data are contributed by market participants, geographical regions, and particular requirements. This study proposal is ready for the market and offers a thorough overview of all significant innovations currently in use across all market segments. It is advised to present key data analysis using statistics, infographics, and presentations.
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Moldova Still Wine Market Dynamics:
The country has the world’s highest density of vineyards, which cover 3.8 % of its area and 7% of its arable land. Moldova, situated between Ukraine and Romania, has long been one of Eastern Europe’s most important wine-producing countries, because to its mild climate and excellent soil. In a country just 33,846 square kilometres in size (little larger than Belgium) with a population of 2.6 million people, it has a stunning 89,768 vineyards and 331 wineries. In 2019, Moldova exported 156,674 million litres of wine, up 12,607 million litres from 2018. According to Moldovan government data, the top three export destinations for Moldovan wines in 2018 were Romania with 13.8 % (6.07 million litres), Poland with 12.8 % (5.63 million litres), and Russia with 12.7 % (5.6 million litres).
Moldova Still Wine Market Segmentation:
According to zone, Cahul (Southern Zone), which is thought to be the most significant region in the country, is anticipated to dominate the Moldovan still wine market. These red wines have a richer colour, ranging from pomegranate red to cherry red, fruity aromas, a well-structured, round, velvety flavour, and a lingering aftertaste. Grained vines make up 40% of the total area reported for the production of PGI (Protected Geographical Indication) wine products, while black grained vines, which are grown on the region’s slopes, account for 60% of the total area. Chardonnay, Cabernet Sauvignon, Merlot, and Sauvignon Blanc are the most popular grape varieties.
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Moldova Still Wine Market Key players:
- Vinaria Bostavan
- Chateau Vartely
- DK-Intertrade
- Dionysos-Mereni
- Lion-Gri
- Vinaria Purcari
- Aroma
- Cricova
COVID-19 Impact on Moldova Still Wine market:
The COVID-19 outbreak has had a significant impact on the Moldova Still Wine market. Due to the global economic downturn and a labour shortage, the development of Moldova Still Wine production facilities has been halted. The pandemic of COVID-19 has resulted in a significant and long-term decrease in production utilisation. Furthermore, travel restrictions and facility closures have hampered employee visits, limiting the growth of the Moldova Still Wine market in 2020. However, given the high demand for Moldova Still Wine, the market effects of COVID-19 are expected to be transitory. The industry is expected to fully recover by early 2021.
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