Key Market Indicators
Global consumption of red wine is set to reach 673 million liters by 2026. This figure is up 0.8% on average year-on-year since 2020, when consumption was 631 million liters. Demand has increased by 0.5% year-on-year. Spain, Germany and the United Kingdom came in second, third and fourth respectively in the rankings.
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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