Wine Barrel Market Will Generate New Growth Opportunities in Upcoming Year

Worldwide sales of wine barrel are projected to reach the value of ~US$ 4 Bn by the end of 2019. In terms of demand, wineries and spirit producers are prominent users in the global wine barrel market. In developing markets, newly entered brands are assisting consumers in finding unknown wine and beverage alcohol products as well as locally generated flavors to create a remarkable growth of the wine barrel market.

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The global wine barrel market will register a healthy CAGR during the forecast period, 2019 – 2029. The demand for wine barrel continues to rise on broader accessibility, owing to rising consumption of wine and related products due to health benefits as these help enhance mental health and heart condition and protect against formation of cancer cells in human body.

With superior alternatives cropping up in the market, manufacturers must focus on rebranding their products and position themselves ahead of competitors to capture a significant market share.

Emergence of Stainless Steel Barrels and Tanks as Alternative :
Over the last few years, stainless steel wine barrels are precisely design and develop by manufacturers to meet the need of winemakers in all stages of development, fermentation, maturation, and storage of wine. The actual duration in the usage of oak wine barrel by winemakers is three to five years. Once the functional properties of the barrel reduces, winemakers have to dispose used barrels. However, stainless steel barrels are portable, durable, reusable, easy to clean, and maintain.

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Independent Stave Company, Tonnellerie Radoux USA Inc., Seguin Moreau Napa Cooperage, Inc., Nadalié USA, Billon Cooperage, The Barrel Mill, StaVin Inc., Tonnellery of Adour, A. P. John Cooperage, Canton Cooperage, LLC, World Cooperage, Premier Wine Cask, Inc., and Kelvin Cooperage are prominent manufacturers of wine barrel, globally.

The global wine barrel market is segmented in detail to cover every aspects of the market and present a complete market intelligence approach to readers.

Oak:
French Oak
American Oak
Eastern European Oak

Toast Level:
Light Toast
Medium Toast
Medium Plus Toast
Heavy Toast

Capacity:
Barrique
Hogshead
Puncheon
Others

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Key Takeaways - Wine Barrel Market Study :
Since the last decade, the wine barrel market has become fruitful in Europe, especially in France, Germany, and Italy, due to strong sales of spirit and wine barrel in the U.S. market.
The USA is still prominent in the wine market, with the latest figures showing the country with substantial wine consumption of ~33 million hectoliters.
Highly expensive French oak wine barrels and stainless steel wine barrel are alternatives that limit market growth for wine barrels.
The stable demand for oak wood wine barrel is projected to suffer from an increase in stringent regulations against cutting of trees and frequent forest fires.
In spite of the high cost of French oak wine barrel, the demand for the same is expected to increase at a CAGR of ~5% during the forecast period.

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
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This release was published on openPR.