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France Accounted for Highest Consumption of Wine in Western Europe: Ken Research

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Ken Research has recently announced its latest publication Wine Consumption Volume and Growth Forecast to 2021 which aims at providing in-depth market analysis of wine market of Western Europe. – PowerPoint PPT presentation

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Title: France Accounted for Highest Consumption of Wine in Western Europe: Ken Research


1
France Accounted for Highest Consumption of Wine
in Western Europe Ken Research
2
Ken Research has recently announced its latest
publication Wine Consumption Volume and Growth
Forecast to 2021, which aims at providing
in-depth market analysis of wine market of
Western Europe.  It provides a top-level overview
and detailed insight into the operating
environment for the Wine market in West Europe.
It is an essential tool for companies active
across the Wine value chain and for new players
that are considering entering the market. It
further aims at providing comprehensive knowledge
of the market with key figures on consumption
values for the historic period. It provides
information that aids in planning future business
decisions using forecast figures for the market.
3
Economy of Western Europe Many Western European
nations covered in this report includes countries
like Austria, Belgium, Denmark, Finland, France,
Germany, Greece, Italy, Netherlands, Norway,
Portugal, Republic of Ireland, Spain, Sweden,
Switzerland, and United Kingdom. Many of these
nations like Austria, Belgium, Finland, France,
Germany, Greece, Italy, etc. are also members of
euro zone or European Union. Western European
nations including France, United Kingdom, etc.
are one of the largest and leading economies of
the world with huge GDP and stable growth rate.
Recently, UK surpassed the growth of France and
became the fastest growing and biggest economy of
Western Europe. However, many eminent economies
of the western zone of Europe is falling in trap
of recession after 2008. Countries like Spain,
Greece, Portugal, etc. are facing serious
economic tribulations including high debt to GDP
ratio, bankruptcy, high unemployment, bank
failure, stock market fiasco, etc.
4
  • Historic and current market trends of European
    wine industry
  • In the report, wine is considered as a juice of
    freshly gathered grapes, vinified according to
    the customs and traditions of the country of
    origin. Wine normally contains between 8-20
    Alcohol, but lower alcohol content can be found
    in products such as wine coolers which are Still
    Light Wine without carbonation or fortification,
    Wine with carbonation, Champagne and Made
    Wine. Europe is popular worldwide for its
    tradition of making premium quality handpicked
    wines. From Christmas to dinner parties, wine has
    been an important beverage of European cultural
    events since centuries. Homemade supreme quality
    of wine was extremely admired in European culture
    in medieval era. Even today, obsession for
    European luxury wines can be seen worldwide.
  • Various recent market trends are listed below
  • France and Italy are leading wine producing
    nations in Western Europe followed by Spain and
    Germany.

5
  • France has highest per capita consumption of
    wine. However, recently consumption is falling
    due to export led policy of government.
  • Red wine is the sub-sector with highest demand.
  • Per capita consumption of wine is rising across
    Western Europe. Demand for locally produced fresh
    wines is highest.
  • Both exports of wine from Western Europe and
    import of wine is increasing.
  • This ever increasing demand for wine is because
    of various factors
  • Strong economic growth
  • Many economies of Western Europe like UK, France,
    Germany, etc. are global economic leaders. Rise
    in GDP and rising growth rates has led to ever
    increasing demand for wines in Western
    Europe.There is rise in income of middle class
    who are prime consumer of wines in Europe. Thus,
    consumption of high quality luxury wines is
    rising laden to expansion of European wine
    industry.

6
  • New channels of sales and distribution
  • Unlike earlier times many new channels of wine
    sales have been introduced including
    hypermarkets, supermarkets, pubs, café, bars,
    specialized retailers and wholesalers, etc. which
    is making wine more accessible and easily
    available laden to rise in per capita consumption
    of wine.
  • Significance of wine in European culture
  • Wine has notable importance in European culture
    since wine toasting is an essential traditional
    practice to rejoice every prestigious family
    gathering in Europe. Moreover, fancy and luxury
    wines are considered as status symbol which is
    creating huge market for such wines.
  • Thus key drivers in European wine industry are
  • New channels of sales and distribution
  • Significance of wine in European culture
  • Strong economic growth

7
  • Leading market players
  • Major market players in wine making industry of
    Western Europe include BodegesIrache, Greek Wine,
    Moncaro, The Wine Cellers, Maggi Francesco,
    CavadosBoulard, etc. All these major companies
    are producing finest and superb quality of wines.
    Further, they are focusing on innovation to not
    only improve demand domestically but globally
    too.
  • Key topics covered
  • Current economic scenario of Western Europe
  • Overall market value and volume data with growth
    analysis of wine industry to 2021.
  • Detailed insight into the operating environment
    for the wine market in West Europe.
  • The quantitative data in the report provides
    historic and forecast Wine consumption data by
    country in Volume (M Liters).
  • Leading wine producing nations in Western Europe

8
  • Conclusion
  • Though Western Europe has significant demand-led
    expansion of wine industry but there are many
    factors which may constraint enlargement of wine
    industry. Recession in many nations after 2009,
    rising health awareness and obesity, rising
    prices of wines, etc. are chief reasons that are
    restricting expansion of wine industry in Western
    Europe.
  • For more coverage click on the link below
  • https//www.kenresearch.com/food-beverage-and-toba
    cco/alcoholic-beverages/wine-consumption/32005-11.
    html
  • Related Reports
  • https//www.kenresearch.com/food-beverage-and-toba
    cco/non-alcoholic-beverages/wine-consumption/32146
    -11.html
  • https//www.kenresearch.com/food-beverage-and-toba
    cco/alcoholic-beverages/wine-consumption/32079-11.
    html

9
Contact Ken Research Ankur Gupta, Head
Marketing Communications query_at_kenresearch.com
91-124-4230204
10
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