hips at the World Bank Africa region， while atten

White Wine Market Scenario Highlighting Major Drivers & Trends Ryan McDonagh Youth Jersey , 2017 to 2022
by Josephwalker · February 21, 2019


Growing indulgence of consumers towards a glass of fine, white wine in summers indicates the rising popularity of white wine in dietary cultures across several parts of the world. European consumers may agree that the amount of white wine consumed by them on an average basis is way higher compared to their consumption of any other drink. However, consumers across the globe are becoming more aware about white wine鈥檚 potential in harming the health of consumers. Manufacturers of white wine are being constrained by limited application of white wine in food & beverage industry. That Pavel Buchnevich Womens Jersey , and increasing presence of new research studies that prove the association of white wine consumption in incidence of inflammatory infections, are collectively observed to restrain the global market for white wine from expanding unceasingly. According to , the global white wine market is expected to grow at a sluggish pace, procuring a little over US$ 46 Bn revenues by the end of forecast period Brady Skjei Womens Jersey , 2017-2022.


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A typical white wine is straw-yellow in color, but some variants are also available in the shades of yellow-green or yellow gold. In the production of white wine, non-colored pulp of grapes are fermented with alcohol. The first white wine can be dated back to at least 2500 years. In many cultures, white wine is used as an aperitif during the meal Rick Nash Womens Jersey , between meals, and with dessert.


Consumers to Remain More Indulged in Riesling White Wine


While the overall market for white wine is anticipated to witness sluggish growth at less than 3.5% CAGR, manufacturers are still counting on product quality to improve their market standings. Companies are shifting their focus towards production of Riesling wines. In 2017, close to one-fifth share of global revenues is expected to come from sales of Riesling white wines. On the other hand David Desharnais Womens Jersey , Gew眉rztraminer and Chardonnay will be two key products in the global聽white wines market聽that will showcase around 10% share on global revenues, individually, through 2022.


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Modern Trade Sales of White Wine indicate High Preference to the Semi-Sweet Taste


During the forecast period, modern trade outlets will be observed as largest sales channel for white wine in the global market. By procuring more than one-third share on global revenues Michael Grabner Womens Jersey , manufacturers will be directing a majority of their products to modern trade outlets. Sales estimations compiled in the report also indicate a high preference for semi-sweet taste among white wine consumers. By 2022, more than US$ 17.8 Bn worth of white wine will have a semi-sweet taste. Following this is the dry-tasting white wine, which will also witness considerable revenue share in the global market through 2022.


Competition Tracking


Companies such as Constellation Brands, Inc. Kevin Shattenkirk Womens Jersey , Diageo Plc., E&J Gallo Winery, Vi帽a Concha y Toro SA, Caviro Chris Kreider Womens Jersey , The Wine Group, Grupo Pe帽aflor S.A., Casella Family Brands, Accolade Wines Australia Limited Marc Staal Womens Jersey , and Treasury Wine Estates are expected to remain active in expansion of global white wine market through 2022.



BEIJING， Sept. 12 (Xinhua) -- Innovation and structural reform are key to recovery of the global economy， which is a prescription given by China at the 2016 Group of 20 (G20) summit for the world economy that has yet to recover from the global financial crisis in 2008.


INNOVATION


World leaders have agreed to raise mid-to-long term growth potential through innovative growth in the two-day G20 Summit concluded in the eastern Chinese city of Hangzhou on Sept. 5.


Consensus has been reached to encourage the creation of innovation ecosystems that catalyze creativity and support the combination of creative ideas with entrepreneurship， science and technology for innovative growth and job creation， according to the G20 Blueprint on Innovative Growth.


"The G20 Blueprint on Innovative Growth represents an ambitious agenda toward a new paradigm for growth based on knowledge and on new and cleaner technologies，" Swiss Finance Minister Ueli Maurer told Xinhua in an interview， "Many countries have， since the global financial crisis of 2008， relied too heavily on monetary and fiscal easing."


World leaders， international institutions， and company representatives have echoed the emphasis when attending the second "Investing in Africa Forum" held on Wedneasday in Guangdong which called for innovative ways to rejuvenate economic growth.


"I think innovation and making better use of technology is going to be very helpful. I've seen it in Africa，" said Haleh Bridi， director of external communications and partnerships at the World Bank Africa region， while attending the forum.


Bridi said because of innovation， Africa has moved from being a continent where nobody has a phone to one where almost everybody uses a cell phone.


"This telephone revolution has really changed the face of Africa， and this can happen in so many other sectors， including in education， as you can get the top notch education online today，" Bridi said.


STRUCTURAL REFORM


Since the global financial crisis broke out in 2008， there has been broad consensus that structural reforms are required to get the world economy back on track.


"There is widespread recognition that structural reforms are required，" said BCG Chairman Hans-Paul Burkner in an interview with Xinhua.


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