Still wine is a fermented beverage free from carbon dioxide. The prominent market players are adopting mergers & acquisitions as their main growth strategy to gain a competitive edge. For instance, in April 2020, E.&J. Gallo Winery acquired Stagecoach Vineyard with an aim to gain market dominance.
Based on type, the global still wine market has been segmented into white wine, red wine, and rosé wine. The red wine segment is expected to garner the highest revenue share of the global still wine market and shall continue its dominance during the forecast period. The health benefits offered by red wine are the main determinants driving the growth of the segment. The white wine segment is also expected to account for a significant market share.
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Some of the key players in the global Still Wine Market are Accolade Wines (Australia), Constellation Brands, Inc. (US), Miguel Torres SA (Spain), the Wine Group (California), Diageo (UK), Concha y Toro (Chile), E.&J. Gallo Winery (US), Treasury Wine Estates (Australia), Castel Group (France), and Pernod Ricard (France).
The global still wine market has been segmented, by region, into North America, Europe, Asia-Pacific, and the rest of the world.
Europe is expected to lead the global Still Wine Market owing to the rising demand for still wine. The high production and consumption of wine in various European countries such as Italy, France, Spain, and Germany is fueling the growth of the regional market.
The global still wine market has been segmented on the basis of type, distribution channel, and region.
The global still wine market has been divided, by type, into white wine, red wine, and rosé wine.
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