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White Wine Market Is Expected To Exceed US$ 60 Billion By 2031

White Wine

A recent report by Fact.MR states that the market for white wines is expected to surpass US$ 60 Bn in the projected assessment period 2021-2031. As per the report, the white wine market will register a CAGR of almost 5% by the end of 2031. In the short run, until 2022, white wine sales will experience sluggish to moderate growth, registering a CAGR of 3.5% to be valued at just over US$ 46 Bn.

Historically, between 2016 and 2020, the white wine industry gained a market value that surpassed US$ 35 Bn. Owing to COVID-19 restrictions, hotels and restaurants were shut down. This, in turn, affected the sales of white wine negatively.  As relaxations increase, end use industries are resuming operations, thereby restoring demand.

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Key Takeaways from the Market Study

Key Segments Covered

Competitive Landscape

Manufactures of white wines are focusing on leveraging existing and new products by using various sales distribution channels.

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