Wine Market Growth Accelerated By Rising Popularity Of Premium Wine Varieties
Wine Market The wine market includes products such as still wines, sparkling wines and fortified wines. Premium wines made from unique grape varieties are gaining popularity among consumers globally. They offer flavors and aromas that standard wine varieties lack. The rising popularity of premium wines made from varieties like Cabernet Sauvignon, Pinot Noir and Chardonnay is driving the global wine market. The global wine market is estimated to be valued at US$ 3422.75 in 2024 and is expected to exhibit a CAGR of 30% over the forecast period 2024 to 2031 , as highlighted in a new report published by Coherent Market Insights. Market key trends: The growing popularity of premium wine varieties among consumers is one of the key trends driving the global wine market. Premium wines made from unique grape varieties offer complex flavors and aromas compared to standard wine varieties. This makes them appealing to wine connoisseurs and enthusiasts globally. Grape varieties like Cabernet Sa