A recent report ongoing by Infinium Global Research on MENA canned wine market provides in-depth analysis of segments and sub-segments in the MENA as well as the regional canned wine market. The study also highlights the impact of drivers, restraints, and macro indicators on the MENA and regional canned wine market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the MENA canned wine market. According to the report, the MENA canned wine market is projected to grow at a significant CAGR over the forecast period of 2021-2027.
In the Middle East & North Africa (MENA) region, the feed industry is evolving rapidly. Wine is an alcoholic drink derived from fermented grapes by the process of fermentation where yeast and sugar combine and form alcohol and carbon dioxide. The process of fermentation with the availability of sugar and yeast gives around 15.0% of alcohol. Three of the major types of wine are available in the market and they are table, sparkling wine, and fortified wine. The large wine-consuming population and presence of several suppliers in the local stores have helped the market to drive in the region. Growing expenses for the consumption of canned wines have also supported the growth of the poultry feed market in the region.
Major factors that are projected to propel the market growth in the Middle East and Africa wine region within the forecast period are the various properties provided by wine such as, it relieves symptoms associated with depression, pain, and stress. Furthermore, it has health benefits, taste, and refreshing properties which are further anticipated to propel the growth of the Middle East and Africa wine market. On the other hand, the high cost of the wine and the myths associated with it is further projected to impede the growth of the Middle East and Africa wine market in the timeline period. Additionally, the rising innovation in terms of color, flavor, and packaging customizations will offer great opportunities for the market growth of the Middle East and Africa region within the forecast period. However, a stringent regulatory structure such as high tax and advertising restrictions will restrain the growth of the Middle East and Africa wine market during the forecast period.
Based on the countries, the MENA Canned Wine Market is segmented into Algeria, Jordan, Qatar, Bahrain, Kuwait, Saudi Arabia, Egypt, Lebanon, Syria, Iran, Libya, Tunisia, Iraq, Morocco, and United Arab Emirates, Israel, Oman, Yemen, and others. On the basis of region, UAE, and Israel holds the largest market share in the MENA last mile market. The country is developing in terms of innovative flavor and is the number one market in the MENA in terms of growth and size. Innovative flavor and increasing inclination of tourists in the country will boost the growth of the market in the region during the forecast period. Rising consumption of various vintage wines available in canned format is expected to boost the growth of the MENA region. Increased hard drink consumption among the young population, Millennials, and rising disposable income of the population, is driving the growth of the MENA canned wine market in the region.
The report on MENA canned wine market covers segments such as product, and distribution channel. On the basis of product, the sub-markets include sparkling, and fortified. On the basis of distribution channel, the sub-markets include supermarket & hypermarket, and online.
The report provides profiles of the companies in the market such as ANHEUSER-BUSCH INBEV (AB INBEV), BACARDI LIMITED, BAVARIA N.V., BROWN-FORMAN CORPORATION, CARLSBERG GROUP, CHIVAS BROTHERS LTD., DIAGEO PLC, GLEN MORAY, HEINEKEN HOLDING NV., and UNITED DUTCH BREWERIES B.V.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the MENA canned wine market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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