Organic Wine Market to Grow at a CAGR of 10.8% Over the Forecast Period: TMR Study
WILMINGTON, DE /ACCESSWIRE/October 6, 2022 / Transparency Market Research Inc. – By 2030, the organic wine market the size is expected to touch a value of around 30 billion US dollars. The global organic wine market research forecasts the market to grow at a CAGR of 10.8% during the forecast period, 2020 to 2030. The expansion of the global organic wine market is largely due to growing demand from health and growth conscious customers. penchant for natural and organic products. The market is also expected to be boosted by efforts to improve soil health, an increase in wine exposures, and growing vegan trends. Due to the large presence of Tier 1 and Tier 2 wineries and suitable climatic conditions, Europe is expected to lead the demand of the organic wine market.
Growing demand for organic wine from a variety of businesses, such as bakery, confectionery, medicine and nutraceuticals, will keep the trend going. Resveratrol, which is present in organic wine and helps prevent disease and aging, is used in medicine. In addition, it increases body temperature, boosts immunity and promotes improved metabolism. Growing consumer preference for alcohol-free and low-alcohol wine options, supported by growing health and wellness awareness, is another factor expected to drive the global organic wine market.
Considering the growing number of organic wine producers and growing consumer understanding of the health benefits of organic wine, Europe currently retains a large market share and is expected to dominate the global organic wine market in the near future. The organic wine market in developing countries is expected to expand in the coming years.
Key Findings of the Market Report
- Modern trends favor new packaging options, including boxes and tetra packs, which provide consumers with long-term convenience and wine quality protection. Comparatively, glass wine bottles are significantly heavier than plastic wine packaging, resulting in less energy-consuming shipping. In addition, the boxes extend the shelf life of opened wine, thus avoiding wastage of wine. They are also recyclable. The global market is expected to be driven by such packaging innovations.
- The global organic wine market is expected to grow due to the growing interest in biodynamic farming techniques. Farmers, academics, government agencies, retailers, and grape growers have placed more emphasis on improving soil health and reducing carbon emissions, which is expected to drive the market.
- Growing demand for organic wine in the foodservice and retail sectors is expected to provide the maker of the organic wine market with immense growth prospects. According to changing trends, the consumption of organic wine is increasing rapidly, especially in France and Germany.
Global Organic Wine Market: Key Players
Some of the major players in the market are
- Societa Agricola Querciabella SpA
- The organic wine company
- Grgich Hills Estate
- Kendall Jackson Vineyard
- Bronco Wine Company
- Emiliana Organic Vineyards
Global organic wine market: segmentation
- plastic bottles
- Glass bottles
type of product
- Red organic wine
- Organic White Wine
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