NEW YORK , July 25, 2024 /PRNewswire/ -- The global wine market size is estimated to grow by USD 156.8 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 4.
93% during the forecast period. Online sales channels gaining traction in global wine market is driving market growth, with a trend towards increasing prominence of private-label brands. However, rising competition from other alcoholic beverages poses a challenge.
Key market players include Accolade Wines Australia Ltd., Boisset Family Estates, Bronco Wine Co., Casella Wines Pty.
Ltd., Castel Freres, Charlie and Echo, Concha y Toro, Delicato Family Wines, Deutsch Family Wine and Spirits, E. And J.
Gallo Winery, Emiliana Organic Vineyards, Harris Organic Wines, Inglenook, Jackson Family Wines Inc., King Estate Winery, Les Domaines Barons de Rothschild Lafite, Pernod Ricard SA, The Wine Group LLC, and Treasury Wine Estates Ltd..
Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report Market Driver Private-label wines have emerged as a significant focus area for retailers worldwide, contributing to the expansion of the global wine market. Major retailers, including Alibaba and grocery stores like Tesco Plc and Aldi Stores Ltd., are introducing their own branded wines to capitalize on the rising consumer demand and enjoy higher profit margins, which are around 10%-15% greater than national and global brands.
These wines a.