The global red wine market size is estimated to be valued at $2,42,822.34 million by 2028 , surging from $1,46,173.63 million in 2020 , at a noteworthy CAGR of 6.60% . Covid-19 Impact on Red Wine Market Shares The global market for red wine is estimated to experience a moderate growth amidst the COVID-19 pandemic. This growth is the result of disruption in supply chain and manufacturing of red wine. Also, complete avoidance of social life and massive shutdown have decreased the demand for red wine. Therefore, demand for red wine has decreased in pandemic times. However, certain key players in red wine market are adopting certain strategies and innovations for staying upfront in the competitive environment. For instance, Constellation Brands Inc., an American company of beer, wine, and spirits, in October 2020, announced that their e-commerce sales for wine have increased amid the pandemic. All such factors are predicted to positively impact the global red wine market growth, t
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