Press release content from Business Wire. The AP news staff was not involved in its creation.
Outlook on Opportunities in the Western Europe Wine Sector Market to 2024 - ResearchAndMarkets.com
January 15, 2021 GMT
DUBLIN (BUSINESS WIRE) Jan 15, 2021
The global wine sector was valued at US$372,482.4 million in 2019 and is projected to grow at a CAGR of 4.2%, to reach US$ 456,963.2 million by 2024.
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Western Europe was the largest market for wine, accounting for 40.8% value share of the global wine sector in 2019. The region valued US$152,087.2 million in 2019 and is expected to register a negative CAGR of 0.5% during the forecast period. Based on the relative performance of countries on multiple metrics, Denmark, Sweden, Luxembourg, and Austria were shortlisted as high-potential countries, primarily due to the large wine sector size, projected high-value growth rates, and projected rising per capita value growth levels.
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Precept Sweetens Its Portfolio with Acquisition of Sheffield Cellars and Fairbanks Dessert Wine Brands
January 15, 2021 GMT
SEATTLE, Jan. 15, 2021 /PRNewswire/ Precept Wine, the largest privately held wine producer in the Pacific Northwest and a top 12 American wine producer, is excited to announce the acquisition of the Sheffield Cellars and Fairbanks dessert wine portfolio from E. & J. Gallo Winery (Gallo).
Sheffield Cellars and Fairbanks are award winning dessert wines, excellent as an aperitif but also perfect for complimenting many recipes. The wines were launched by Gallo in their early days when the brothers saw a need for domestic aperitif wines. Precept looks forward to continuing to craft these wines in the time-honored tradition for which they are known under the guidance of Precept’s acclaimed winemaker Hal Landvoigt. Production is expected to remain in California.
Press release content from Accesswire. The AP news staff was not involved in its creation.
Algodon Fine Wine Now Distributed and Sold in South Korea
January 14, 2021 GMT
Gaucho Group Holdings, Inc.’s Fine Wines Subsidiary Expands Global Reach With International Rollout
NEW YORK, NY / ACCESSWIRE / January 14, 2021 / Gaucho Group Holdings, Inc. ( OTCQB:VINO ), a company that includes a growing collection of e-commerce retail platforms with a concentration on fine wines, luxury real estate, leather goods, accessories, and luxury home items, today announces that the fine wines of its wholly owned subsidiary, Algodon Fine Wines, are now being distributed and sold in the country of South Korea. This debut is part of Algodon’s expanded effort to rollout its premium Malbec-based wines, as well as the rest of the Algodon portfolio of award-winning varietals and blends, and is part of Gaucho Group Holdings, Inc.’s ongoing initiatives to expand its global reach for its wine brand and
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Segura Viudas Releases Its First Cava Made with Organic Grapes
Freixenet Mionetto USAJanuary 12, 2021 GMT
The Brut Cava Honors 800 Years of Winemaking Heritage and Respect for its Roots
WHITE PLAINS, N.Y., Jan. 12, 2021 (GLOBE NEWSWIRE) The Segura Viudas estate called on its rich, 800-year history of winemaking heritage and sustainable viticulture practices to develop its Cava Made with Organic Grapes. Created in the renowned D.O. Penedès region of Spain with a focus on indigenous varietals, this cava displays bright citrus and tropical fruit-forward notes due to low yielding vines which produce more concentrated fruit. The Segura Viudas Cava Made with Organic Grapes (SRP: $13) will be available nationwide beginning January 2021.