What Are the Key Market Sizes for the Global Red Wine Market?
The red wine market size has grown steadily in recent years. It will grow from $111.84 billion in 2024 to $117.41 billion in 2025 at a compound annual growth rate (CAGR) of 5.0%. This historic growth can be attributed to cultural and tradition, growth of wine tourism, evolving consumer preferences, growing popularity of wine as a social drink, and wine’s association with health benefits.
The red wine market size is predicted to see substantial growth in the coming years, anticipated to grow to $144.07 billion in 2029 at a CAGR of 5.2%. Growth in the forecast period can be attributed to rising disposable income and greater urbanization, increasing proportion of millennials, changing consumer preferences and acceptance of alcoholic beverages, shifting global demand and climate change, and growth of online sales and direct-to-consumer channels. Major trends include premiumization of wine, natural and minimalist winemaking, technology and wine apps, wine and food pairing, and alternative packaging.
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What Is Driving the Growth of the Red Wine Market?
The increasing health awareness among consumers is poised to fuel the growth of the red wine market going forward. The compounds found in red wine have been linked to several health benefits, which have caught the attention of consumers worldwide. The alcohol and antioxidants in red wine aid in preventing coronary artery disease. This growing health consciousness among global consumers is anticipated to drive the market growth.
What Are the Major Market Segments Within the Global Red Wine Market?
1) By Type: Sparkling Red Wine, Still Red Wine
2) By Packaging Type: Bottles, Cans
3) By Distribution Channel: Food Service, Retail
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Which Major Players Are Moving the Red Wine Market Forward?
Major companies operating in the red wine market include Accolade Wines, Caviro S.C.A., Vina Concha Y Toro S.A., Castel Winery PLC, E. & J. Gallo Winery, Grupo Peñaflor S.A., Diageo plc, Treasury Wine Estates Limited, Constellation Brands Inc., The Wine Group Inc., Campari Group, Brown-Forman Corporation, Amvyx SA, Rémy Cointreau SA, Compagnia Del Vino SRL, Pernod Ricard SA, Trinchero Family Estates, Bronco Wine Company, Vintage Wine Estates, Ste. Michelle Wine Estates, Kendall-Jackson Vineyard Estates, Bodegas Torres, Concha y Toro, Antinori S.p.A., Opus One, Silver Oak Cellars, Caymus Vineyards, Robert Mondavi Winery.
What Are the Trending Developments in Red Wine Market?
The surge in popularity of organic products is a key trend gaining momentum in the red wine market. Organic wine ensures the adherence to strict criteria that cover everything from pesticide usage to land management to storage and preservation. This trend is rapidly growing in the market as consumers become more educated and health-conscious.
Which Region Holds the Largest Share and Growth Rate in The Red Wine Market?
North America was the largest region in the red wine market in 2024. However, Asia-Pacific is expected to be the fastest-growing region during the forecast period.
What Does The Red Wine Market Report 2025 Offer?
Red wine is a wine with a primarily red color derived from the natural pigment in the peels of dark-colored grapes during fermentation. The alcohol content of red wine is typically between 12 -15%. Antioxidants abound in red wine, and moderate consumption is good for health. The Red Wine Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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