Organic Wine Market Revenue to Hit $16,647.81 Million by 2027: The Insight Partners
The organic wine market is expected to reach US$16,647.81 million by 2027. Increase in the number of organic vineyards to accelerate the growth of the organic wine market
NEW YORK, USA, February 14, 2022/EINPresswire.com/ — According to our latest market research on “Global Organic wine market Forecast to 2027 – Impact of COVID-19 and global analysis – by packaging (plastic bottles, glass bottles, cans and others), product type (organic red wine and organic white wine) and distribution channel (food service , Supermarkets & Hypermarkets, Specialty Retailers, Online Channels and Others), “the market was valued at US$7,460.29 million in 2019 and is projected to reach US$16,647.81 million by 2027; it is expected to grow at a CAGR of 10.7% from 2020 to 2027. The report highlights the key factors driving market growth and the major players along with their developments in the market.
Report Cover Details
Market size value in – 7,460.29 million US$ in 2019
Market size value of – USD 16,647.81 million by 2027
Growth rate – CAGR of 10.7% from 2020 to 2027
Forecast Period – 2020-2027
Base year – 2020
Number of pages – 145
Tables No. – 77
Number of graphs and figures – 81
Historical data available – Yes
Segments Covered – Packaging, Product Type and Distribution Channel
Regional scope – North America; Europe; Asia Pacific; Latin America; AEM
National reach – United States, United Kingdom, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report Coverage – Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors and Trends
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Organic wine is produced by growing grapes without the use of artificial fertilizers or harmful chemicals. Organic wine has started to gain traction following alarming health concerns and the growing focus on healthy living. Therefore, the growing demand for organic wine has positively influenced the number of organic vineyards. In addition, according to the Organic Agriculture Research Institute, Spain is considered one of the main regions that contributes strongly to the production and consumption of organic wine. In the country, nearly 80,000 hectares of land are considered to be used for organic grape farming. Apart from this, France, Italy, USA, Turkey and Germany are other major economies, which have a significant contribution in the production of organic grapes and vineyards. Favorable climatic conditions, positive government approaches, and emphasis on sustainable agriculture are some of the significant factors influencing the growth of the organic wine market globally.
Additionally, the increase in population demanding healthier food options, along with increasing disposable income, has fueled the demand for organic wine. Established countries in particular are experiencing massive growth in demand for organic food. Moreover, favorable government regulations for the promotion of organic wine cultivation are further expected to fuel the growth of the market. All these factors are likely to increase the area and number of organic vineyards, thus proliferating the growth of the market.
Impact of the COVID-19 pandemic on the organic wine market
The COVID-19 pandemic started in Wuhan, China in December 2019, and since then it has spread at a rapid pace around the world. In September 2020, the United States, Brazil, India, Russia, Peru, South Africa, Mexico and the United Kingdom are among the most affected countries in terms of confirmed cases and deaths reported. The epidemic has affected the economies and industries of various countries due to lockdowns, travel bans and business closures. Food and beverage is one of the major industries experiencing severe disruptions, such as office and factory closures and supply chain disruptions, as a result of this outbreak.
Download the Latest COVID-19 Analysis of Organic Wine Market Growth Research Report at https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00013419/
Based on packaging, the organic wine market is segmented into plastic bottles, glass bottles, cans, and others. The glass bottle segment accounted for the largest share of the global organic wine market in 2019. The others segment is expected to grow at the highest CAGR during the forecast period. Glass bottle packaging provides longer shelf life and is very sturdy. The packaging of glass bottles keeps pace with the development of the market. Glass is the classic form of packaging for liquid products. Wines can be stored in glass bottles for many years because they do not react chemically with wine.
On the basis of product type, the organic wine market is segmented into organic red wine and organic white wine. The red organic wine segment accounted for the largest share of the global organic wine market in 2019 and is expected to register the fastest growth rate during the forecast period.
Organic Wine Market: Competitive Landscape and Key Developments
Avondale, ELGIN RIDGE WINES, The Organic Wine Company, Bronco Wine Company, King Estate Winery, GRGICH HILLS ESTATE, EMILIANA, Società Agricola Querciabella SpA, Frey Vineyards and La cantina Pizzolato S.r.lare are among the key players in the global organic wine market . Leading companies are focusing on expanding and diversifying their market presence and acquiring new customer base, thereby exploiting existing business opportunities.
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