Red Wine Market Outlook through 2031 – Opportunities, Strategies for Expansion

Red wine market

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Red Wine Global Market Report 2022 by The Business Research Company is the most comprehensive report available on the market, being wide-ranging both in terms of chronology and geography. It covers the historic period – 2016-2021, and the forecast period – 2022-2026, with additional forecasts for 2026-2031. The report helps gain a truly global perspective as it covers 60 geographies, focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

TBRC’s market report includes a chapter on the COVID-19 impact on the red wine industry, which gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market and how companies can strategize to bounce back from it. With updated market numbers according to the effects of the coronavirus, the report provides the most accurate expected red wine market growth numbers from 2022-2031.

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The global red wine market size is expected to grow from $94.63 billion in 2021 to $102.72 billion in 2022 at a compound annual growth rate (CAGR) of 8.6%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The red wine market is expected to reach $127.03 billion in 2026 at a CAGR of 5.5%.

View more on the report:

https://www.thebusinessresearchcompany.com/report/red-wine-global-market-report

The Red Wine Global Market Report 2022-31 by The Business Research Company evaluates red wine market size, growth rate, drivers, red wine industry trends, and major companies.

The red wine market segments in the report are:

1) By Type: Sparkling Red Wine, Still Red Wine

2) By Packaging Type: Bottles, Cans

3) By Distribution Channel: Food Service, Retail

The table of contents in TBRC’s red wine market report includes:

Executive Summary
Market Characteristics
Market Trends And Strategies
Impact Of COVID-19
Market Size And Growth
Segmentation
Regional And Country Analysis

Competitive Landscape And Company Profiles
Key Mergers And Acquisitions
Future Outlook and Potential Analysis

About The Business Research Company:
The Business Research Company is a market intelligence firm that excels in company, market, and consumer research. Located globally it has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology. It has offices in the UK, the US and India and a network of trained researchers in 20+ countries globally.

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