Honey Wine Market Expected To Accomplish A Valuation Of Around $817.03 Million By 2025: Grand View Research Inc.

September 16 08:22 2019
Honey Wine Market Expected To Accomplish A Valuation Of Around $817.03 Million By 2025: Grand View Research Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, Demand for flavored wines is expected to be among the key factors driving the market. Increased consumer purchasing power, especially in developing countries like China, is anticipated to drive the product demand further.

According to a report,“Honey Wine Market Size, Share & Trends Analysis Report By Application (Fruits, Herbs, Spices), By Distribution Channel (On trade, Off trade), By Region (North America, Asia Pacific, Europe, MEA), And Segment Forecasts, 2019 – 2025”, published by Grand View Research, Inc.,

The global honey wine market size is expected to reach USD 817.03 million by 2025, according to a new report by Grand View Research, Inc. The market is projected to register a CAGR of 10.41% over the forecast period. Demand for flavored wines is expected to be among the key factors driving the market. Increased consumer purchasing power, especially in developing countries like China, is anticipated to drive the product demand further.

Moreover, demand for sparkling wine and antioxidant beverages is estimated to drive the product demand. In addition, rising number of meaderies in developed countries will support the overall market growth. Positive impact of e-commerce channels and social media will also provide growth opportunities to the market. Europe is anticipated to be the largest regional market due to high product demand in countries, such as France, Italy, and U.K.

Moreover, presence of several leading manufacturers in the region and constant product launches by them are expected to propel the growth. Major companies are investing in R&D and capacity expansion to gain a higher industry share. For instance, in November 2018, Gosnell’s launched a Vintage Mead. They also focus on M&A and online sales for business expansion.

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https://www.grandviewresearch.com/industry-analysis/honey-wine-market

U.S. honey wine market size, by product, 2015 - 2025 (USD Million)

Further key findings from the study suggest:

  • In terms of revenue, spices product segment is projected to ascend at the fastest CAGR of 12.12% over the forecast period

  • Off-trade channel of distribution led the global honey wine market in 2018 and accounted for an overall share of more than 70%

  • Europe was the dominant regional market in 2018 and is projected to expand further at a steady CAGR over the next few years

  • Key companies in this market are Redstone, Brothers Drake, Medovina Meadery, Kuhnhenn Brewing Co. LLC, and Schramm’s Mead

  • These companies focus on new product development and capacity and business expansion to gain competitive edge

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Global honey wine market share, by distribution channel, 2018 (%)

Grand View Research has segmented the global honey wine market on the basis of product, distribution channel, and region:

Honey Wine Product Outlook (Revenue, USD Million, 2015 – 2025)

  • Fruits

  • Spices

  • Herbs

  • Others

Honey Wine Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)

  • On trade

  • Off trade

Honey Wine Regional Outlook (Revenue, USD Million, 2015 – 2025)

  • North America

    • U.S.

  • Europe

    • France

    • Italy

    • U.K.

  • Asia Pacific

    • China

    • Australia

  • Central & South America

    • Brazil

  • Middle East & Africa

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 126 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 4126 analysts and consultants, the company adds 121200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 600 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

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