Key Market Indicators
Red wine consumption is set to reach 833 million liters by 2026, a 0.7% decrease from 2020's 870 million liters. Demand for the beverage has decreased by 0.9% year on year. Spain, Germany and the United Kingdom are the next most popular nations in terms of red wine consumption, coming in at second, third and fourth place respectively.
Red Wine Market Data and Forecasts
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Fortified Wine Market: Probing Trends, Opportunities, and Strategies Across Product Types and Distribution Channels
The market for fortified wines, exemplified by varieties such as Port, Sherry, and Madeira, is anchored by key growth drivers. Among them, the rising global sentiment towards wine consumption for health benefits underscores the expanded demand. The unique method of fortification, which involves the addition of a distilled spirit, typically...
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Unlocking Growth Potential in the Dynamic Global Wine Corks Industry
The wine corks sector operates in a unique realm within the broader beverage packaging industry. It is characterized by a nuanced interplay of demand and supply. Factors such as cork quality, consumer perception, and increased awareness towards sustainable production practices influence its overall performance. Competitive pressures heighten amidst evolving consumer...
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