Honey Wine Market Expected To Expand At A CAGR of 10.41% Through 2025 : Grand View Research Inc.
San Francisco, 12 December 2019: The Report Honey Wine Market Size, Share & Trends Analysis Report By Application (Fruits, Herbs, Spices), By Distribution Channel (On trade, Off trade), By Region (North America, Asia Pacific, Europe, MEA), And Segment Forecasts, 2019 – 2025 The global honey wine market size is expected to reach USD 817.03 million by 2025, according to a new report by Grand View Research, Inc. The market is projected to register a CAGR of 10.41% over the forecast period. Demand for flavored wines is expected to be among the key factors driving the market. Increased consumer purchasing power, especially in developing countries like China, is anticipated to drive the product demand further. Moreover, demand for sparkling wine and antioxidant beverages is estimated to drive the product demand. In addition, rising number of meaderies in developed countries will support the overall market growth. Positive impact of e-commerce channels and social media wil