Market Highlights: The sweet wine market is expected to grow, owing its widespread availability worldwide. The wide range of products with various flavors through all categories and price points comprising of premium, popular, and luxury sector is expected to drive the market growth over the forecast period. Furthermore, use of other materials beside grapes as raw material, is a key factor promoting the market. Off late, manufacturers focusing on flavored wine production are seen to rise. They make use of material such as berries, cherries, rice, sugar, apples, palm, and others. In addition, growing consumer preference towards low percentage alcohol beverages and raising awareness about Alcohol by Value (ABV) will help potentially grow the market. The market study is being classified by Type (White Wine, Red Wine and Other Types), by Application (Daily Meals, Social Occasions, Entertainment Venues and Other Situations) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Sweet Wine are E&J Gallo Winery (United States), Constellation Brands (United States), Castel Frères SAS (France), The Wine Group (United States), Accolade Wines (Australia), Treasury Wine Estates (Australia), Trinchero Family Estates, Inc. (United States), Pernod-Ricard (France), Diageo (United Kingdom), Casella Wines Pty Limited (Australia), Changyu Group (China) and Kendall-Jackson Vineyard Estates (United States).
The Distribution Channel, such as Convenience Stores, is boosting the Sweet Wine market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The sweet wine market is growing progressively. Market players are focusing on innovative techniques for harvesting and production. Further, direct-to-consumer sales channel in the wine market is on the rise owing to an increasing number of small wineries. Major market share in wine market is held by millennials and growing constantly.
Key Questions Answered in the Report What will the Sweet Wine Market size and the growth rate be in Future? What are the key factors driving the Sweet Wine Market? What are the key market trends and macro-economic impacting the growth of the Sweet Wine Market? What are the challenges to market growth? Who are the key vendors in the Sweet Wine Market? What are the market opportunities and threats faced by the vendors in the Sweet Wine Market? Trending factors influencing the market shares of the Vendors. What are the key outcomes of the five forces analysis of the Sweet Wine Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Sweet Wine market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Sweet Wine market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Specialty and Retail Stores, Online Retailers, Sweet Wine Manufacturers, Suppliers, and Distributors, Government Regulatory and Research Organizations, Investment Research Firms / Associations and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.