10 July 2019 –
The Global Rose wine Market is subject to
witness a substantial growth due to the increasing popularity between consumer
and lower percentage of Alcohol by Volume (ABV). Factors responsible for
sustained market growth, in the recent years, include easy availability of a
wide range of rose wine products, change in consumer preference towards wine
products and differential price range such as premium and luxury rose wines.
Increase in production in the North America region is
expected to favor the market growth in the upcoming years as well. Globally,
the market is predicted to generate massive revenue over the forecast period, providing
numerous opportunities for market players to invest in research and development
in the rose wine market.
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Additionally, increasing demand for rose wine among
consumers due to presence of online retail stores and e-commerce retailers,
which allows small and medium-sized businesses to reach wider audience, thereby
driving the market growth. Favorable laws and regulation and strong economic
growth in the developing economies across the globe, are anticipated to drive
the growth of rose wine market in the upcoming years.
The market is divided by region as North America, Europe,
Asia-Pacific, Latin America and Africa. North America has shown major growth in
recent years owing to the rise in the implementation of latest technologies in
the production of rose wine, the lower cost & easy availability of raw
materials, and existence of well-established manufacturing sector in the
region.
Asia-Pacific region is predicted to hold major market share
in the rose wine market with massive growth in forecast period. Countries such
as India, China and Singapore are leading the Asia-Pacific market with presence
of large consumer base, increasing popularity of rose wine, rising personal
disposable income and significant investment by leading industry players
considering potential growth opportunities in the region. The key players in
the rose wine market are Pernod Ricard S.A., Bodegas Muga, Trinchero Family
Estates, Inc., Treasury Wine Estates Ltd., Crimson Wine Group Ltd., and Angove
Family Winemakers.
Market Size Split by
Type
• Still
• Semi-sparkling
• Sparkling
Market Size Split by
Application
• Spermarkets
• Online Retailers
• Convenient stores
• Wine Shops
• Others
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