WINE MARKET ANALYSIS

Market News

Recent Developments:

New Product launches:

• In September 2023, Concha y Toro, Latin America's leading winery with a presence in more than 140 countries, launched Belight, a new global low-calorie product category with Sauvignon Blanc and Rosé varieties that has only 65 calories per 125-ml glass and an 8.5% alcohol content, while maintaining each variety's quality and characteristics.
• In August 2023, E. & J. Gallo Winery announced that it reached an agreement with the Rombauer family to purchase Rombauer Vineyards, a producer of critically acclaimed wines from Napa Valley, Sonoma County, the Sierra Foothills, and the Santa Lucia Highlands.  E. & J. Gallo Winery is a family-owned company and leader in wine and spirits. E. & J. Gallo Winery offers a broad array of products that total more than 130 brands and include table, sparkling and luxury wines, beverage products, dessert wines, and distilled spirits.

Mergers and Acquisition:

• In July 2020, Constellation Brands acquired Empathy Wines, a direct-to-consumer wine brand, with the aim of winning space on digital shelves. Constellation Brands, is an company that produces, markets, and distributes beer, wine, and spirits.