Growing Popularity of Global Craft Wine Market | Key Players: Scotch Church Road Vineyard, Clover Hill Wines, CRFT Wines, Auscraft Wine, LGI Wines

Craft wine is made by mixing various fruits, flowers, herbs, and spices in the wine-making process. More so, a perfect blend of these components will produce a perfect wine that will appeal to a specific taste of a person. It is a limited produced and commercially available wine. These wines are handcrafted, local, and have unique flavors that are produced by independent and small producers. The wines vary significantly in taste and style from brewer to brewer. Craft wines have several health benefits owing to the presence of tannins.

The global craft wine market focuses on six regions, such as North America, Asia Pacific, South America, Europe, the Middle East, and Africa.

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Worldwide Market Report recently released a research report called Craft Wine Market. The report analyzes the existing statistics of the Craft Wine industry and provides possible forecasts. The report focuses on a comprehensive market assessment that reveals a model of the market size based on sales and volume (if applicable), existing growth drivers, analyst opinions, information, and industry-validated evidence of market progress.

In order to determine the growth of market segments, Craft Wine market analysis research summarizes data obtained from various regulatory organizations. In addition, the report also analyzed the Craft Wine industry based on topography. It reviews the geographic and microeconomic characteristics that influence the development of the Craft Wine industry in each region. In order to evaluate the development of the Craft Wine industry, different analysis methods are used.

Application: [Red Wine
Rose Wine
White Wine]

Types: [Sparkling Wine
Still Wine
Others]

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Drivers:

The main factors driving the growth of the craft wine market are the consumers' shifting preferences towards premiumization and the increasing demand for creative cocktails among millennials. The taste and preference of the consumers are never static they are always dynamic and demanding beverages that are unique and sophisticated. For instance, according to the U.K. International Wines and Spirits Record, in 2018, the consumption of wines that are above premium increased 5% more in the region when compared with the U.S. Additionally the consumers in emerging economies such as India and China, owing to the increase of dissolvable income groups and growing affluence is estimated to boost the growth of the craft wine market.

The increasing demand for innovative and unique wine-based cocktails among millennials is expected to propel the market growth. Consumers are inclining widely towards cocktails such as mango passion, sangria, bishop cocktail, and French pear martini for their aesthetic appeal and rejuvenating taste.

Restraints:

The main restraining factor hindering the growth of the craft wine market is the abundance of other craft alcoholic beverages in the market.

Regional Insights:

Europe is estimated to hold a significant share of the craft wine market owing to the popularity of the beverage in the region. People consume wine during many celebratory events and its cultural aspect is very significant.

The craft wine market in North America is expected to witness significant growth in the market owing to the high consumption rate of the beverage in the region. For instance, according to the Wine Institute, in 2018 approximately 2.95 gallons of wine has been consumed by each of many residents making it a total of approximately 805 million gallons.

Competitive Section:

Key players operating in the global craft wine market include Scotch Church Road Vineyard, Clover Hill Wines, CRFT Wines, Auscraft Wine, LGI Wines, Koi Zen Cellars, House of Saka, ALDI Inc., Chateau Niagara Winery, A Blooming Hill Vineyard & Winery.

In September 2020, Fun Wine introduced three new flavors in wine containing 59 calories and 5.5% ABV.

In February 2018, Craft Wine Association was introduced in the U.S. for connecting craft lovers and wine producers.

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Reasons to Purchase this Report from WMR:

The current and future of Craft Wine market prospects in developed and emerging regions
The segment that is expected to dominate the market and the segment that has the highest compound annual growth rate during the forecast period
Regions/countries with the fastest growth rate expected during the forecast period
The latest developments, market shares, and strategies adopted by major market players

Key Pointers Covered in the Craft Wine Market Industry Trends and Forecast to 2026

1. Procedure Volumes
2. Recent Developments for Market Competitors
3. Upcoming applications
4. Innovators study
5. Product Price Analysis
6. Healthcare Outcomes
7. Regulatory Framework and Changes
8. Prices and Reimbursement Analysis
9. Market Shares in different regions
10. Market Size
11. New Sales Volumes
12. Replacement Sales Volumes
13. Installed Base
14. By Brands

All in all, Craft Wine industry research is a reliable source of access to analysis data, which is expected to accelerate business development exponentially. The research provides information such as economic scenarios, advantages, constraints, patterns, market growth rates, and numbers. SWOT review and speculative access surveys and risk-reward surveys are also included in the research.

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