Premium Wine Market – Trends Forecast Till 2030
The global Premium Wine market size was estimated at USD 328.46 billion in 2023 and is projected to reach USD 503 billion in 2030 at a CAGR of 6.3% during the forecast period 2023-2030.
Wine, an alcoholic beverage, is naturally produced through the process of fermentation. The initial step of this process is carried out by bacteria that are present on the skin of grapes. A specific strain of yeast is subsequently added to the primary fermented product to achieve the desired outcome.