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Micro Winery Equipment Market Is Expected To Rise At A CAGR Of 5.0% By 2033, Exclusive Report By FMI

01-25-2023 02:49 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Micro Winery Equipment Market Is Expected To Rise At A CAGR Of 5.0%

The micro-winery equipment market is anticipated to expand at a CAGR of 5.0% during the forecasted period. According to forecasts, the market would be worth US$ 1,829.7 Mn by 2033, up from US$ 1,123.3 Mn in 2023.

Micro wineries are defined as those which produce less than 10,000 cases of wine annually. In the United States, there are more than 5,000 such wineries. These wineries have been growing in popularity due to the trend of consumers wanting smaller production wines that are often seen as being more personalized and handcrafted.

The micro-winery equipment market is driven by factors such as the growing popularity of micro-wineries and the trend of consumers wanting smaller production wines. Other factors that are driving the growth of this market include the need for less capital investment and lower operating costs.

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The restoration of the FMCG industry, along with the tourism resettlement, has fueled the demand for wine and wine equipment. Wine enthusiasts play with the ingredients, making it exclusive for everyone's demand. New restaurants and bars are opening in Asia, along with Europe is experimenting with wine projects as it is the birthland of wine.

Wine-making machines adopt wine equipment that further enhances the taste of the wine while making it available in their homes. The unlimited supply of wine is what attracts the end users to adopt these technologies that help them in retaining the wine proportion.

Wine with native flavors that best suit the local cuisines is also pushing vendors to design these new wine experiences for wine enthusiasts, along with the adjustment in micro-winery equipment.

Key takeaways from micro winery equipment market
• According to research by Future Market Insights, The micro winery equipment market is anticipated to expand at a CAGR of 5.0% during the forecasted period.
• The number of small-scale wineries in North America has grown exponentially in recent years. This expansion can be attributed to the growing popularity of wine as well as the numerous advantages of owning a micro winery.
• The European market is an attractive market for micro winery equipment due to several factors. One factor is the large and growing demand for wine in Europe.
• The Asia Pacific region is the fastest-growing markets for wine due to the increasing demand from countries such as China, India, and Australia.
• The commercial sector is expected to experience the maximum micro winery equipment growth in the coming years.

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Who is winning?

There are a few key players in the micro winery equipment market. These companies have a strong presence in the market and offer a variety of products. They are also able to offer competitive prices.

Recent Market Developments:
1. La Sommeliere has introduced its new micro wine machine that work on the faster wine processing mechanism. Along with that, the company has introduced a big Sommelier SLS106, single zone cellar that holds 106 bottles.
2. Apart from producing wine cabinets, The Liebherr Group has introduced its own micro winery products that manufacture the case-like wine.

Major Companies: Living Direct, Inc., La Sommeliere, The Liebherr Group, Climadi, Viking Range Corporation, Sunpentown Inc., Avintage, Climadiff S.A., Dometic Group, Electrolux AB are expected to be the top players driving the market growth.

Get Valuable Insights into Micro winery equipment Market

FMI, in its new offering, provides an unbiased analysis of the Micro winery equipment market presenting historical demand data (2018-2022) and forecast statistics for the period from (2023-2033). The study divulges compelling insights on the demand for Micro winery equipment based By equipment type (Fermentation tanks, Destemmers, Filtration systems, bottling lines, chillers) By mode of operation (Automatic, Manual) By application (Commercial, Residential, Industrial) By Distribution channel (Online, Offline)

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About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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