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2022
Cabernet Sauvignon Market

Cabernet Sauvignon Market by Grape Type (Cabernet Franc, and Sauvignon Franc), Basis of Kind (Young Cabernet and Old Cabernet), Flavors (Eco-friendly Bell Pepper, Blackcurrant, Mint, Cheddar, Chocolate, Vanilla, and Others), and Distribution Channel (Direct, Hypermarkets, Specialty Stores, Online Retail, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A16190
Pages: NA
Jul 2022 | 71 Views
   
Author(s) : Roshan Deshmukh
Tables: NA
Charts: NA
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COVID-19

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Cabernet Sauvignon is a full-bodied, acidic red wine produced from the same-named worldwide red wine grape type. The wine contains a lot of tannins that soften down with age. Cabernet Sauvignon wines have a high alcohol content, generally between 13 and 14 per cent. The Cabernet is typically easily accessible and affordable because of its huge production volume, which adds to its appeal. The Cabernet Sauvignon grape is a hybrid grape that was created by crossing the Cabernet Franc (a red grape) with Sauvignon Blanc (a white grape). The worldwide Cabernet Sauvignon market is expected to be driven by rising demand for wine as a result of its health advantages, as well as premium of wine products, flavor innovation, and more modern distribution networks. The expansion of the Cabernet Sauvignon market is projected to be fueled by a change in customer's tastes and preferences and an increased desire for new and exotic flavors.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

2020–2030

Base Year Considered

2020

Forecast Period

2021–2030

Forecast Unit

Value (USD)

Regions Covered

North America, Europe, Asia-Pacific, and LAMEA

Segments Covered

Grape Type, Basis of Kind, Flavors, Application, Distribution Channel, and Region

Companies Covered

Aberdeen Wine Company Pty Ltd., Lakeview Wine Co. Ltd., Disruption Wine Company., Josh Cellers Co. Ltd., Bota Box Inc., Decoy Co. Lts., Jaggernaut Wine Company., Sula Vineyards Pvt. Ltd., Accolade Wines, Plc., and Distell Group Limited.

 

COVID-19 Impact Analysis

  • Cabernet Sauvignon's demand has declined because of a shortage of supplies following the COVID-19 outbreak. Disruption in the supply chain and distribution channel is the major cause of the unavailability of stock. The enforcement of the lockdown by the government has halted the operational processes in the grape vineyards which restricted the labours to harvest the grapes and transfer them to the wine companies for further processing.
  • Consumers who had an interest in alcohol and wines are currently shifting their interest towards essential amenities to tackle and survive this difficult phase. Due to low demand for red wines the growth of the Cabernet Sauvignon market has fallen.

Top Impacting Factors

  • The global Cabernet Sauvignon market is primarily driven by the rise in a population consuming wine and considering it as a way of social recognition. Changing lifestyles and rising income among consumers are fuelling the global Cabernet Sauvignon market. However, rising prices of grapes due to high costs of cultivation are creating a restraint for the global Cabernet Sauvignon market. Wine is mainly consumed among some sections of the population, as all the sections cannot afford wine.
  • Moreover, rising government rules and regulations and imposition of taxes are hindering the expansion of the global wine market which is directly affecting the growth of the Cabernet Sauvignon market. Additionally, different product innovations of wine and the rising application of wine in different food and beverage products are generating opportunities for the increase of cultivation of Cabernet grapes in a different part of the world to equalize the supply with the existing demand.

Market Trends

The global Cabernet Sauvignon market is expected to grow due to an increase in wine consumption by the population

The worldwide wine market is largely driven by the growing number of people who drink wine and view it as a social status symbol. Growing money and a changing lifestyle are driving the worldwide cabernet sauvignon market. Due to high production costs, the worldwide cabernet sauvignon market is restricted by rising pricing. The worldwide cabernet sauvignon market is being boosted by premium wines, health benefits that can be achieved by consuming wine products, as well as flavor innovation and more sophisticated distribution networks around the world. It includes anti-oxidants that fight free radicals and prevent illnesses like cancer from developing in the body. Growing demand for cabernet sauvignon in emerging markets such as China and India is also contributing to the global cabernet sauvignon market.

The gradual shift of consumers towards other alcoholic beverages may hamper the Cabernet Sauvignon market

The modernization and increased consumption of alcohol are currently trending all across the world and have propelled manufacturers to introduce new and innovative alcoholic beverages in the market. Consumers are gradually shifting their preferences towards other alcoholic beverages such as beer, liquors, spirits, and others, owing to their low price offerings. This trend is set to pull the overall market and may hamper its growth of the Cabernet Sauvignon market in the future years. Nevertheless, manufacturers are intensively capitalizing to regain the consumers' attention by launching different ABV products in the market.

Key Benefits of the Report

  • This study presents the analytical depiction of the cabernet sauvignon industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the cabernet sauvignon market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the growth scenario of the cabernet sauvignon market.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers in the market.
  • The report provides a detailed cabernet sauvignon market analysis on the basis of competitive intensity and how the competition will take shape in coming years

Questions Answered in the Cabernet Sauvignon Market Research Report

  • Which are the leading players active in the cabernet sauvignon market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?

Key Market Segments

Segments Sub-segments
Grape Type
  • Cabernet Franc
  • Sauvignon Franc
Basis of Kind
  • Young Cabernet
  • Old Cabernet
Flavors
  • Eco-friendly Bell Pepper
  • Blackcurrant
  • Mint
  • Cheddar
  • Chocolate
  • Vanilla
  • Others
Distribution Channel
  • Direct
  • Hypermarkets
  • Specialty Stores
  • Online Retail
  • Others
Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
 
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