Press release
Global Wine Cellar Market expected to reach USD $ XX million by 2023, Key Players -Haeir, Danby, EdgeStar, Avanti, Vinotemp, Eurocave, U-Line, Newair
Global Wine Cellar Market
A room full of bottles or barrels stored with wine, left to age over time to better the quality and taste of the wine is called as a wine cellar. Many parameters are controlled in the room. Temperature, pressure, humidity, sunlight, etc are maintained to let the wine age smoothly over time. Naturally, wine cellars are found all over the world including at residential places or set up by big manufacturers themselves. The product type can be single zone wine cooler, dual zone wine cooler, built in wine cooler or big wine coolers. The largest wine cellars date back to 3700 years.
Explore More Information about report @
https://www.researchcosmos.com/reports/global-wine-cellars-market-trends-competitive-dynamics-and-key-growth-opportunities-2015-to-2023/687715751
The slowdown of economic growth did impact the wine cellar market considerably. The average growth from $560 million in 2015 to $606 million in 2018 is touted to be the slowest growth rate in the history of the wine cellar market and is now expected to make a comeback with 18% CAGR till 2023. Europe is the dominant leader of the wine market in terms of revenue closely followed by North America, which by market share occupies over 64.13%. Asia Pacific and LAMEA are the other geographical regions boasting of a wine cellar market. The production capacity and market growth in the coming years is supposed to be dominated by North America. The rising disposable incomes, the growing love for wine and its benefits has boosted the growth of wine cellars since previous times. However, the growing love for beer, higher installation charges of the cellar are all inhibitors to this growth. Also, lately new methods of aging that are faster than traditional has put the concept of wine cellars in danger.
Request free sample @
https://www.researchcosmos.com/request/global-wine-cellars-market-trends-competitive-dynamics-and/687715751
Wines can be multiple varieties with the best tasting wines priced higher than the rest. So, its no surprise that not many players are venturing into the market on a global scale. Haeir, Danby, EdgeStar, Avanti, Vinotemp, Eurocave, U-Line, Newair are some prominent manufacturers across the globe. Regional players also exist and play in the lower to mid-level ranges of the market.
Often, from cellars from regional players are sold in bars, restaurants and kitchen purposes. Bigger players often target the niche market as their wines are more exposed to better cellar conditions and are lighter on the taste buds as compared to others. With wines coming in various flavours like fruity and more formats like fizzy, the market is expected to stay afloat and grow slowly but surely in the coming years.
Inquiry about the report @
https://www.researchcosmos.com/inquire/global-wine-cellars-market-trends-competitive-dynamics-and/687715751
About Us:
Research Cosmos is a provider of standard and customized Industry research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending Industry reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
Contact:
Kevin Stewart
kevin@researchcosmos.com
Global Sales Manager
Research Cosmos
www.researchcosmos.com
+1 888 709 8757
LinkedIn - https://www.linkedin.com/company/market-research-cosmos
Twitter - https://twitter.com/researchcosmos
Google+ - https://plus.google.com/109756852849129986268
Facebook - https://www.facebook.com/researchcosmos/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Wine Cellar Market expected to reach USD $ XX million by 2023, Key Players -Haeir, Danby, EdgeStar, Avanti, Vinotemp, Eurocave, U-Line, Newair here
News-ID: 1383465 • Views: …
More Releases from Research Cosmos
Mobile Phone Insurance Market Size to Reach USD 32.24 Bn By 2025
The size of the Global mobile phone insurance market is estimated to reach USD 32.24 billion by 2025, growing at a CAGR of 12.5%, as per the recently published report by Research Cosmos. It is worth to claim insurance for mobile phones as we are spending a lot of money on purchasing. The policies include accidental damage, water damage, and screen cracking.
Browse details of the report @ https://www.researchcosmos.com/reports/mobile-phone-insurance-market/199557834
Growing utilization…
Social Employee Recognition Systems Market Predicted to grow at a CAGR of xx By …
Social Employee Recognition Systems Market Analysis Size, Growth rate and Overview:
Social Employee Recognition Systems Market was valued at USD xx million in 2018 and is expected to reach almost USD xx million by the end of 2025, growing at a CAGR of around xx% over the predicted period.
Throughout the world, social employee recognition systems have expanded dramatically to address the need to move away from traditional methods and programs of…
More Releases for Wine
Bamboo Wine Market SWOT Analysis by Key Players- Anhui Bamboo Wine, Tianjin Bamb …
The latest study released on the Global Bamboo Wine Market by HTF MI evaluates market size, trend, and forecast to 2031. The Bamboo Wine market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Key Players in…
Canned Wine Market is Booming Worldwide with Nomadica, Eufloria Wine, Union Wine
The latest study released on the Global Canned Wine Market by HTF MI evaluates market size, trend, and forecast to 2030. The Canned Wine market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Key Players in…
Avondale Wine, Elgin Ridge Wine Estate, Kendall-Jackson Wine Estate and Gardens, …
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2558
The Business Research Company offers in-depth market insights through Organic Wine Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The organic wine market size has grown rapidly in recent years. It…
Global Rice Wine Market 2020-2028: Trend, Status Growth, Opportunity, Key Player …
Rice Wine is made by yeast-induced fermentation of glutinous rice starch that has been converted to sugars. It is an alcoholic beverage fermented and concentrated from rice. Rice wine is a clear wine prepared from fermented rice and is famous for its strong, unique taste. Its variants are rapidly gaining popularity in the wine markets around the world.
Rice Wine Market is anticipated to grow at a CAGR of +3% during…
Global Fruit Wine Market market share and growth rate 2017 Fermented Fruit Wine, …
In this report, the global Fruit Wine market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Fruit Wine in these regions, from 2012 to 2022 (forecast), covering
North…
Global Rice Wine Market 2017 - Kuaijishan Shaoxing Rice Wine, Zhejiang Shanhao W …
Global Rice Wine Market 2017, presents a professional and in-depth study on the current state of the Rice Wine market globally, providing basic overview of Rice Wine market including definitions, classifications, applications and industry chain structure, Rice Wine Market report provides development policies and plans are discussed as well as manufacturing processes and cost structures. Rice Wine market size, share and end users are analyzed as well as segment markets…
