Introduction:Wine is an alcohol-based beverage which is prepared from grapes by the fermentation process. Various types of wine are made using rice, fruits, cherry, berries or pomegranate, etc. Wine comprises of water, acids, alcohol, sugar, mineral salts, sulfur derivatives, coloring and aromatic substances. Drinking wine has health benefits such as in increases bone density, boosts immunity system, reduces the risk of heart disease, lowers cholesterol level and many more. In addition, wine is also used as a side ingredient and for baking purposes in various recipes.
Drivers and Restraints:Rising wine consumption among the population owing to its popularity and several health benefits is a major factor driving the growth of the global market. Individuals are preferring wine such as red wine over hard drinks as it offers proper digestion and metabolism. In addition, a rising number of restaurants, lounges, and recreational clubs is another factor favoring the growth of the target market. Rising demand for low-calorie alcohol-based beverages especially among young population is another factor expected to support the growth of the global wine market. Furthermore, changing lifestyle and increasing disposable income are factors expect to fuel the growth of the target market over the forecast period. However, high prices of different types of wine is a major factor restraining the growth of the global market over the forecast period. Over-consumption of wine can sometimes lead to addiction and several health disorders such as vomiting and stomach-ache. Additionally, different Product Type innovation of wine and rising application of wine in different food and beverage Product Types are generating opportunities for the global wine market.
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Mr. Alex (Sales Manager)
Prophecy Market Insights
Phone: +1 860 531 2701
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Contact Us:
Mr. Alex (Sales Manager)
Prophecy Market Insights
Phone: +1 860 531 2701
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