Key Market Indicators
Global red wine consumption is expected to dip slightly in the coming years. In 2020, 248.7 million liters were consumed, and this is forecast to drop to around 238 million liters by 2026. This represents an average decrease of 0.7% year on year. The demand for red wine has declined by 0.6% annually. Spain, Germany, and the United Kingdom are the top three countries when it comes to red wine consumption. Together, they account for a significant portion of global consumption.
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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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