Navigation Links
Grape News: Global Wine Manufacturing Industry Market Research Report from IBISWorld has Been Updated
Date:12/23/2012

Los Angeles, CA (PRWEB) December 23, 2012

Oversupply conditions have characterized the $102.2-billion Global Wine Manufacturing industry during the past five years due in part to consumer spending's first decline in 30 years. “Prior to the Great Recession, high production volumes resulted in a global glut of wine,” says IBISWorld industry analyst Agata Kaczanowska. “As a result, wine prices dropped and industry profitability declined.” In response, wine producers began manufacturing less wine; total volume slid during the past five years at an estimated 1.8% annualized rate to 248.2 million hectoliters in 2012. Much of this production decline occurred in Europe because the EU offered incentives for vintners to reduce winery acreage. This reduction in supply and rebounding demand have enabled wine producers to buoy prices, leveling the mismatched market and resulting in flat industry revenue since 2007.

Although the majority of wineries are small local operations, weakening consumption in traditional wine-growing regions is leading to a shift in ownership. Consequently, “many wine regions are undergoing consolidation in the face of heightening regional competition,” says Kaczanowska, “especially because wine consumption in emerging markets, such as in China and India, is growing quickly.” Due to consolidation, the number of wine makers decreased at a 2.2% five-year annualized rate to 21,183 in 2012. On top of that, some vineyards closed completely or halted production in underperforming locations, which depressed the number of industry establishments. Vineyard closures also contributed to the aforementioned decrease in wine production volume.

IBISWorld expects that the number of industry participants will diminish during the next five years due to consolidation. Global Wine Manufacturing industry concentration will increase as major brands merge or acquire smaller producers. Small companies that rely on estate-produced wines of limited availability and with inconsistent taste will lose or struggle to gain key retail or wholesale contracts. As wine continues to sell to supermarkets and other wholesale clubs, a wine maker's bargaining power will diminish (this process started some years ago), and independent producers will lose shelf space to mass-produced, unlimited availability, consistent-tasting and heavily advertised brand wines. Changes to the EU Common Market Organization for wine will also stimulate some consolidation as certain assistance is withdrawn and the industry becomes more market oriented.

Lower production volumes will enable vintners to raise product prices and drive revenue growth. An improving global economic climate and rising wine consumption in Asia and other emerging markets are projected to lead to stronger sales of higher-value, premium wines. Due to its large consumer base, China's presence in the industry is projected to explode during the next five years as domestic vintners vie to compete with importers. For more information, visit IBISWorld’s Global Wine Manufacturing industry report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

IBISWorld industry Report Key Topics

The industry is engaged in growing grapes and then manufacturing wine and brandies out of them, manufacturing wine and brandies from grapes and other fruits grown elsewhere, and blending wines.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772

Read the full story at http://www.prweb.com/releases/2012/12/prweb10259223.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Biosynthetic grape-derived compound prevents progression of Alzheimers disease in mice
2. Grapefruit Juice May Give Boost to Cancer Treatment: Study
3. More New Drugs a Bad Fit With Grapefruit, Study Finds
4. Good news: Migraines hurt your head but not your brain
5. NIH awards $20 million over 5 years to train next generation of global health researchers
6. Canada should play a role in addressing the global cancer epidemic
7. Global cardiology leaders meet in Dubai
8. Global, common approach to pharmaceutical supply chain integrity the focus of workshop
9. International breast health global summit will focus on supportive care and quality of life
10. Scientists rewrite rulebook on breast cancer in landmark global study
11. Global CVD leaders call the world to action - 25 by 2025 - from the World Congress of Cardiology
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/25/2016)... ... May 25, 2016 , ... First Choice Emergency Room , the ... Tat Nguyen, as the Medical Director of its new DeSoto facility. , “We ... new DeSoto location,” said Dr. James M. Muzzarelli, Executive Medical Director of First Choice ...
(Date:5/24/2016)... ... May 24, 2016 , ... Sterling Global Products is launching a ... patented refillable hanging wipe dispenser. The campaign kick-off video is located via this link ... 25, 2016. The goal is to raise $1,000 per day for a total of ...
(Date:5/24/2016)... Michigan (PRWEB) , ... May 24, 2016 , ... ... Nurse Midwife, Roberta Jordan. , Roberta Jordan is a Certified Nurse Midwife ... Grand Valley State University and then went on to complete her masters degree ...
(Date:5/24/2016)... ... 2016 , ... Educational opportunities, and therefore life chances, have ... providing richer opportunities. Recognizing the key role of housing in this system, equity-minded ... choice policies; (c) school desegregation policies; (d) wealth-focused policies; and (e) housing-focused policies. ...
(Date:5/24/2016)... ... May 24, 2016 , ... Regenerative Medicine is being transformed ... stem cell therapy technology, protocols and patient results as have been achieved with ... a more accessible standard of care for patients worldwide. , As the Medical Advisory ...
Breaking Medicine News(10 mins):
(Date:5/24/2016)... Nev. , May 24, 2016  Diana Russell ... "eats" her organs from the inside out.  This disease ... completely dependent on her children and grandchildren to leave ... her wheelchair, Diana,s family cannot haul the wheelchair.  So ... in the car, and Diana is left to wait ...
(Date:5/24/2016)... 24, 2016 Celsion Corporation (NASDAQ: ... today provided an update on its ongoing OVATION ... combining GEN-1, the Company,s DNA-based immunotherapy, with the ... patients with advanced ovarian cancer who will undergo ... is an IL-12 DNA plasmid vector formulated as ...
(Date:5/24/2016)... KONG , May 24, 2016 ... stent de doble terapia del mundo, introduce catéteres ... arteriovenosa. OrbusNeich, una compañía global especializada ... las vidas, ha expandido su cartera incluyendo productos ... balón JADE™ y Scoreflex™ PTA son los dispositivos ...
Breaking Medicine Technology: