Wine Market Is Estimated To Witness High Growth Owing To Rising Consumer Market Dynamics:
One of the key drivers for the wine market is rising consumer spending on premium wines. According to data, consumers aged 25-34 years spend 18% more on alcoholic beverages compared to the previous generation. They also view wine as a luxury item to indulge in. Premium and luxury wines are growing in popularity globally as younger consumers associate them with affluence and...
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