Press release
Avondale Wine, Elgin Ridge Wine Estate, Kendall-Jackson Wine Estate and Gardens, The Organic Wine Company
Organic Wine Market Characteristics
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 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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Market Segmentation:
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
Major Driver - Surge In Consumer Interest Fueling Growth In The Organic Wine Market
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.
Competitive Landscape:
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
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Top Trend - Rising Trend Of Sustainable Practices In The Organic Wine Market
Sustainable wine-making practices are a key trend gaining popularity in the organic wine market. Wine production necessitates using numerous valuable resources, including water, fertilizers, and other organic items. Furthermore, it generates a massive amount of wastewater and organic waste, which must be effectively handled to avoid contaminating the producing regions. The proportion of land allocated to vineyard cultivation makes this one of the most important agricultural activities of humans; thus, there is an increase in the adoption of sustainable wine-producing processes to sustain the resources involved with the manufacture of organic and inorganic wine products. For instance, In September 2021, according to an article published by Forbes, Villa Maria, a New-Zealand based winery, launched EarthGarden, a new sustainable wine label that focuses on naturally grown Pinot Noir and Sauvignon Blanc. These wines are made from naturally cultivated vineyards and are devoid of synthetic pesticides. Villa Maria has substantially built wildflower garden systems and regenerative viticulture throughout its vineyards.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Organic Wine Market Characteristics
3. Organic Wine Market Trends And Strategies
4. Organic Wine Market - Macro Economic Scenario
5. Organic Wine Market Size And Growth
…..
27. Organic Wine Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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