The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.
The report offers actionable and valuable market insights of Sweet Rose Wine. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Sweet Rose Wine Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Sweet Rose Wine market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Sweet Rose Wine
This newly published and insightful report sheds light on Market Insights of Sweet Rose Wine, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Sweet Rose Wine Market.
A rising disposable income in emerging economies is anticipated to spur the demand for fine wines, particularly rose wine. Alcohol consumption has grown by leaps and bounds in China and India and both countries have begun to show a marked preference for branded wines. They are even ready to pay considerable premiums for quality rose wines and this is boosted by high-profile celebrity endorsements who function as ‘trendsetters’ or brand builders. Once largely thought of as a female-centric product, men have begun to appreciate the taste, texture, and color of rose wine, making the rose wine market quite exciting in the medium term.
The rose wine market is on track to grow to more than US$ 3.2 billion by the end of the forecast period and witness a modest CAGR of 2.6% from 2017 to 2022.
- Dry wine is anticipated to account for a 1/3rd revenue share of the rose wine market by sweetness level and it will grow by just over US$ 100 million in the five-year study period. Europe and North America are expected to record an identical CAGR but the former will be considerably larger than the latter, making it imperative to focus on the Europe dry wine market
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- Semi-sweet wine could be considered the best of both worlds between dry and sweet wine which is probably why it represents the largest revenue share in the rose wines market. The Europe semi-sweet wine market is the only one greater than US$ 485 million by end 2022 which is almost as large as North America and APEJ combined
- The light bodied segment is posed to witness a modest CAGR of 3.3% from the period from 2017 to 2022 and companies would do well to target Europe as it is the only region that is predicted to be worth half a billion dollars by the end of the forecast period. The medium body segment is a market opportunity worth approx. US$ 1.3 billion in end 2022. Key stakeholders in the rose wine market could focus on APEJ as the region can be thought of as a market for the long-term
- The e-commerce segment currently contributes a fifth of the revenue share in the rose wine market but is likely to become more important in the days ahead. Improving Internet infrastructure in emerging economies will make consumers there more comfortable with online purchases and they should substantially benefit from the flexibility and convenience offered by e-commerce portals. The APEJ region in particular is a mobile-first region that will drive the global e-commerce rose wine market for some time to come
- The modern trade segment comprises more than a third of the rose wine market by sales channel and it is projected to retain this share going forward. Europe consists of almost 2/5th the regional contribution and it may well be worth nearly US$ 440 million by end 2022
- The grocery store segment is half the size of the modern trade segment in the rose wine market but a market opportunity of over US$ 475 million can only be ignored by companies at their own peril
The report has profiled leading players in the global market for rose wine, which will remain active through 2022. These include companies such as Angove Family Winemakers, Wine Insights Pty Ltd, Ferngrove Vineyards Limited, Accolade Wines Holdings Australia Pty Limited, Crimson Wine Group, Ltd., Treasury Wine Estates Limited, Service Distributing Inc, Trinchero Family Estates, Inc, Bodegas Muga S.L, and Pernod Ricard SA.
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Fact.MR, in its new report, offers an unbiased Market Analysis of Sweet Rose Wine, Sales and Demand of Sweet Rose Wine, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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