Press release
Organic Wine Market Size, Share,Developments And Forecast To 2033
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033The Business Research Company presents an extensive market research report on the Organic Wine Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The organic wine market size has grown rapidly in recent years. It will grow from $10.85 billion in 2023 to $12.08 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to corporate responsibility initiatives, perception of quality and authenticity, expanded distribution channels, wine tourism and experiential consumption, changing consumer preferences..
The organic wine market size is expected to see rapid growth in the next few years. It will grow to $18.27 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. The growth in the forecast period can be attributed to continued health and wellness focus, environmental sustainability concerns, regulatory support and certifications, shifting consumer preferences, marketing and consumer education.. Major trends in the forecast period include premiumization, strategic partnerships, product innovations.
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Key Market Players:
Major companies operating in the organic wine market report are Avondale Wine, Elgin Ridge Wine Estate, Kendall-Jackson Wine Estate and Gardens, The Organic Wine Company, Bronco Wine Company, King Estate Winery, Grgich Hills Estate, Viña Emiliana S.A., Società Agricola Querciabella S.p.A., Frey Vineyards, Xinjiang Tiansai Winery Co. Ltd., La Cantina Pizzolato S.r.l., Tamburlaine Organic Wines Pty. Ltd., Bonterra Organic Vineyards, Pernod Ricard SA, Caviro Cooperativa Vitivinicola, Trinchero Family Estates, Marchesi Antinori S.p.A., Changyu Pioneer Wine Co. Ltd., Constellation Brands Inc., Castel Group, The Wine Cellar Group, Dry Farm Wines, Vintage Roots, Mount Avoca, Jacob's Creek, Ridge Vineyards, La Coulée de Serrant, Kistler Vineyards, Cantina Tramin
Market Drivers:
The growing interest of consumers in organic wines is expected to propel the growth of the organic wine market. Organic wine is a wholly natural and authentic wine that does not utilize synthesis chemical agents at any level of the manufacturing process. Organic products have recently gained popularity due to their numerous benefits. These health benefits include the avoidance of chemical use and ongoing changes in lifestyle and food consumption habits. For instance, November 2023, according to a report published by the International Organisation of Vine and Wine, a France-based intergovernmental organization, the production of organic wine in Italy reached nearly 3 million hectolitres in 2021, representing a notable increase of almost 60% over the last three years. This accounted for 6% of the total wine production in the country. Therefore, consumers' growing interest in organic wine drives the market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/organic-wine-global-market-report
The organic wine market covered in this report is segmented -
1) By Product Type: Red Organic Wine, White Organic Wine
2) By Packaging: Bottles, Cans, Other Packagings
3) By Distribution Channel: Business-to-Business (B2B), Business-to-Consumer (B2C), Online Retailing
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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