The demand for wine has increased manifold during the past decade around the world. The consumption of this non-alcoholic beverage has increased, and people spend a handsome amount of money from their monthly budgets on this product. Wine is processed through various processes. Fermentation and extraction are the two important processes in wine production. In the past, human manpower was used for extraction and fermentation processes, but now, mechanical AI-powered machines are used. The number of companies that have currently deployed IT-backed technology is less because the use of technology in vineyards is scarce and evolutionary. According to sources, during the coronavirus-related lockdown around the globe, people ordered wine through e-commerce websites to stay safe with their friends and family members. According to estimates from 2019, the global wine industry stands at $364.25 billion. It is likely that this industry will grow at an annual growth rate of 6.06% and reach $444.93 billion by the year 2027. We have gathered some interesting facts about various wind producing companies in this article. You can read about Top 5 Largest Global Wine Companies below. The data has been gathered by Insider Monkey in one of their articles, published on Yahoo.
Castel Group is one of the renowned wine producing companies. The company reported a revenue of $16.6 billion during 2019. Castel Group is headquartered in France. It is a multinational alcoholic beverage producer. The company was established way back in the year 1949 by the Pierre Castel family. At present, the group owns 21 vineyards across France. As per available data, the company manufactures, sells, and exports beers, wines, spirits, and mineral water through its global subsidiaries. Another popular company is Altria Group, Inc. The company is headquartered in Virginia, USA and the group reported a revenue of $20.5 billion. The company is primarily engaged in the tobacco business, but it also operates a wine segment as well. Altria also manufactures sparkling wines, blended table wine and varietal. Some of the notable wine brands of Altria for US Consumers are Torres, Antinori, Champagne Nicolas Feuillatte, and Villa Maria Estate. It is hard to compile information about all global wine producers in a single article. There are various companies which are engaged in this business. You can read about more companies in this article 15 Biggest Wine Companies in the World.
