What is Off Dry Wine Market?
Off-dry wine is a wine that has a slightly sweet element. A wine which is described as off-dry may be one which contains a small amount of residual sugar to give a perceived sweetness or a wine which has been made in such a way that there is no residual sugar, but a sweet element can be noted. Growing production of the wine is developed counties like Italy, France, and Spain are projected to accelerate the growth of the global off dry wine market over the forecast period.
The market study is being classified by Type (White Wine, Red Wine and Other), by Application (Daily Meals, Social Occasions, Entertainment Venues and Other) and major geographies with country level break-up.
E&J Gallo Winery (United States), Concha y Toro (Chile), Pernod-Ricard (France), Diageo plc (United Kingdom), Kendall-Jackson (United States), Lucas & Lewellen (United States), Luckett Vineyards (Canada), The Wine Group (United States), Accolade Wines (Australia) and Treasury Wine Estates (TWE) (Australia) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Trinchero Family (United States), Pernod-Ricard (France) and Casella Wines (Australia).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Off Dry Wine market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Off Dry Wine market by Type, Application and Region.
On the basis of geography, the market of Off Dry Wine has been segmented into 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increased significantly wine consumption across the globe is the major driver of the global off-dry wine market. World wine consumption was estimated at 246 million hectolitres in 2018. The United States is recorded with 33 million hectolitres wine consumption and increased with 1.1% as compared to the 2017 year wine consumption. The five biggest consumers in the world, USA, France, Italy, Germany, and China, together represent approximately half of the world's wine consumption (49%).
Restraints
- High Consumption Will Causes Kidney Disease
Opportunities
- Technological Advancement and Development in the Manufacturing Process
Key Target Audience
Off Dry Wine Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other