Sarasota, FL -- (SBWIRE) -- 07/25/2018 -- Zion Market Research has published a new report titled "Wine Market by Colour (Red Wine, Rose Wine, White Wine and Others), By Product Type and By Distribution Channel: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 - 2023". According to the report, global wine market was valued at approximately USD 302.02 billion in 2017 and is expected to generate revenue of around USD, 423.59 billion by the end of 2023, growing at a CAGR of around 5.8% between 2017 and 2023.

Wine is an alcoholic beverage in which alcohol is generated by the natural process of fermentation. The fermentation process is primarily carried out by the bacteria which are present on the skin of grapes. Further, a particular strain of yeast is added to the primary fermented product so as to obtain the desired wine. In wine, the bacteria or yeast converts the sugar, which is present in grapes, to ethanol and carbon dioxide. According to the sugar fermented, the taste of wines differs. For instance, if there is a high amount of sugar in wine it is a dessert wine. There are six basic processes involved in the production of wine, namely destemming and crushing, alcoholic fermentation, drawing the wine off the lees, malolactic fermentation, stabilization and ageing and refinement in bottle. The quality of wine increases with the time of ageing.

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The report covers forecast and analysis for the wine market on a global and regional level. The study provides historic data of 2015 to 2017 along with a forecast from 2018 to 2023 based on revenue (USD Billion). The study includes drivers and restraints for the wine market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the wine market on a global level.

In order to give the users of this report a comprehensive view on the wine market, we have included a competitive landscape and analysis of Porter's Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness.

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The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research & development, product and regional expansion of major participants involved in the market.

The study provides a decisive view on the wine market by segmenting the market based on color, product type, distribution channel, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2023. Based on color, the market is segmented into red wine, rose wine, white wine and others. By product type, the market is segmented into still wine, sparkling wine, dessert wine and fortified wine. Based on distribution channel, the market is segmented into supermarket and hypermarket, specialty stores, convenience stores, online channel, and others. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and the Middle East & Africa with its further bifurcation into major countries including the U.S., UK, Germany, France, China, Japan, India, Brazil, etc. This segmentation includes demand for wine market based on all segments in all the regions and countries.

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The report also includes detailed profiles of end players such as Constellations Brand, E & J Gallo Winery, Torres, Treasury Wine Estates, Vina Conch y Toro, Distell Group, Global Drinks Finland, International Beverage Holdings, John Distilleries, Soyuz Victan and SPI Group, Accolade Wines, and The Wine Group.