The Global Wine Manufacturing industry is projected to experience moderate growth as a result of disparate global trends. The industry's performance relies on consumer trends and therefore, on variables affecting decisions by consumers. Many countries traditionally associated with wine consumption have been consuming less wine, while countries traditionally associated with beer consumption have been consuming more wine. As a result, global consumption has grown modestly in recent years. Growth in consumption levels in important markets, like the United States, have fueled a large share of the industry's expansion. Industry revenue has been growing at a CAGR of 0.7% over the past five years, and is expected to reach $374.1 billion in 2023. This includes forecast growth of 1.1% in 2023 alone.
The Global Wine Manufacturing industry consists of companies engaged in at least one component of the winemaking process. Industry operators grow and harvest grapes, crush and press grape mixtures, ferment wine and eventually distribute wine for retail sale. The industry also manufactures wine and brandy from other fruit sources.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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