Organic Wine Market Grows at High CAGR of 10.7% by 2027
The organic wine market was valued at US $ 7,460.29 million in 2019 and is expected to reach US $ 16,647.81 million by 2027; it is expected to grow at a CAGR of 10.7% from 2020 to 2027.
Organic wine is produced by growing grapes without the use of artificial fertilizers or harmful chemicals. Organic wine began to gain traction following alarming health concerns and growing interest in a healthy lifestyle. Therefore, the growing demand for organic wine has positively influenced the number of organic vineyards. In addition, according to the Institute for Research in Organic Agriculture, Spain is considered one of the main regions that strongly contribute to the production and consumption of organic wine.
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Main key players: Avondale, ELGIN RIDGE WINES, The Organic Wine Company, Bronco Wine Company, King Estate Winery, GRGICH HILLS ESTATE, EMILIANA, SocietÃ Agricola QuerciabellaSpA, Frey Vineyards and La cantina PizzolatoS.rl
Organic wine is made from organically grown grapes, which mainly excludes the use of artificial chemical pesticides, fertilizers, fungicides and herbicides. Organic wine is considered healthy because it contains a lot of antioxidants, vitamins and minerals.
In the country, nearly 80,000 hectares of land are considered to be used for organic grape farming. Apart from that, France, Italy, USA, Turkey and Germany are other major economies, which contribute significantly to the production of organic grapes and cellars. Favorable climatic conditions, positive government approaches and emphasis on sustainable agriculture are some of the important factors influencing the growth of organic wine market around the world.
The report comprises the segmentation of the global organic wine market as follows:
Global Organic Wine Market, By Packaging
â¢ Plastic bottles
â¢ Glass bottles
Global organic wine market, by product type
â¢ organic red wine
â¢ organic white wine
Global organic wine market, by distribution channel
â¢ Food service
â¢ Supermarkets and hypermarkets
â¢ Specialized retailers
â¢ Online channel
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Impact of the COVID-19 pandemic on the organic wine market
The COVID-19 pandemic began in Wuhan, China in December 2019, and since then it has spread at a rapid rate around the world. In September 2020, the United States, Brazil, India, Russia, Peru, South Africa, Mexico and the United Kingdom were among the most affected countries in terms of confirmed cases and deaths reported. The epidemic has affected economies and industries in various countries due to lockdowns, travel bans and business closures. Food and beverage is one of the major industries facing severe disruption, such as office and factory closures and supply chain disruptions, as a result of this outbreak.
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