Organic Wine Market to Surpass $ 15 Billion by 2025
Increasing consumer
awareness regarding health to fuel global organic wine market throughout 2025
According
to TechSci Research report, “Global Organic
Wine Market
By Product Type, By Distribution Channel, By Region, Competition, Forecast
& Opportunities, 2025”, the global organic wine market is project
to grow at a steady CAGR of nearly 12% to cross $ 15 billion by 2024. Increasing
number of organic vineyards is one of the major growth drivers. Rising demand
for organic wine has resulted in an increase in organic grape production
worldwide. Furthermore, natural food and beverage trends around the world are
motivated largely by the declining interest in chemical-based agricultural
techniques. In the current scenario, organic wine is a rising trend in the
beverage market, especially in wine-drinking countries such as Australia, New
Zealand, France, Italy, Argentina, etc. Organic wines are free from
contaminants such as sulphur, yeast nutrients, and are made using natural
yeasts. Consumer demand for vegan-friendly, preservative-free, biodynamic,
carbon-neutral, and certified organic wines has set the stage for the growth of
the organic wine market during the forecast period. The organic wine market is
currently a niche segment that is expected to be turn into a popular market in
the coming years. Another factor that is considered to take a key role in the
growth of the organic wine market is the significant increase in the number of
health-conscious consumers, who are increasingly inclined to buy organic food
and beverage products.
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Global organic
wine market is classified based on By Product Type, By Distribution Channel, and
By Region. Based on Product Type, the market is segmented into Organic
Sparkling Wine and Organic Still Wine. The Organic Sparkling Wine segment dominated
the global market and is expected to continue its dominance over the next
coming years. Rise in demand from countries such as Germany, France, Russia and
the US and new product launches are expected to boost the growth of sparkling
wine market in the coming years. Organic wine is increasingly being consumed nowadays
in place of champagne as it gives the same bubbly effect. Based on Distribution
Channel, the market is further segmented into Supermarket/Hypermarket,
Speciality Stores, On-trade (Bars, Restaurants and Hotels), and Online. the
supermarkets and hypermarkets segment leads the global organic wine market.
This is mainly due to the increasing preference and popularity of supermarkets
and hypermarkets in both developed and developing countries. But offline sales
are expected to decline in 2020, as market players are increasingly concentrating
on rising sales across online distribution channels in the midst of COVID-19
epidemic.
Regionally,
organic wine consumption is being driven by Europe, followed by North America
and Asia-Pacific. The number of vineyard producers is growing and the emphasis
is on improving the quality of wine production. In Asia, Japan is the leading
market, however new ones are also growing including Singapore and South Korea. Japanese
organic wine is predominantly red wine, and much of the wine is imported (with
high amount of wine imports from France). Major players operating in the global organic wine market
include Bonterra Vineyards, Banfi Vintners, The Organic Wine Company, Harris
Organic Wine, Emiliana Organic Vineyards, King Estate Winery, The Wine Group,
Treasury Wine Estates, Concha y Toro, DeLoach Vineyards, The Organic Wine
Company, Armit Wines, Chateau Maris, Grgich Hills Estate, Chateau Maris and
others.
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“The COVID-19 pandemic has had a
destructive effect on a variety of sectors. As restaurants and hospitality
segments around the world halted due to strict containment measures imposed by
governments, demand for organic wine has been hit hard. Though organic wine
sales are likely to remain sluggish in near term, demand is expected to rise
steadily in some regions where restrictions on lockdowns have been relaxed.
International imports and exports of organic wine are expected to be back on
track by the last quarter of 2020, as limits on trade and transport are
expected to be lifted.”, said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Global
Organic Wine Market By Product Type, By Distribution Channel, By Region,
Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of Global Organic Wine market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global organic wine market.
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