ALBANY, New York, June 17, 2020 /PRNewswire/ -- The demand for organic wine is on an upward growth curve as its health benefits catch-up with a vast majority of people. In areas such as bakery and confectionary, and nutraceuticals, it is gaining popularity owing to these benefits. There are many other factors of growth driving the organic wine market forward.
As per Transparency Market Research, "The market would grow at a stellar rate of about 10.8% from 2020 to 2030, reaching valuation of USD 30 billion (approx.) by the end of this period. This would be a steep rise from market worth of about USD 11 billion noted in the year 2020."
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Key Findings of Global Organic Wine Market Study:
- Red wine contributes massively to growth in the global organic wine market in terms of value
- B2B distribution segment holds a major share of the market and the trend is anticipated to continue over the forecast period
- The cans segment in the packaging category will hold a notable share in the market owing to growing consumer preference for lightweight products
- Europe to be a key regional market over the forecast period
For a detailed analysis of global organic wine market by packaging, product type, and distribution channel, visit https://www.transparencymarketresearch.com/pressrelease/organic-wine-market.htm
Key Drivers of Growth in Global Organic Wine Market:
Of the list of trends and drivers that are responsible for driving the global organic wine market on a high trajectory, the prominent ones, as identified by Transparency Market Research, are:
- Boxed wine is witnessing significant uptake, driving up demand for innovative and appealing packaging; players would do well to tap into the trend in good time
- Eco-friendly trend is catching on with the industry as consumers demand green products to reduce negative impact on environment; this is market's major growth propeller
- Health benefits of organic wine are generating notable demand in the market; presence of resveratrol is a prominent factor
- Demand for low and no alcohol wine is also set to pave way for growth in the market – an outcome of growing health awareness
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Regional Analysis of Growth in Global Organic Wine Market:
- A prominent share of the global organic wine market will be held by the European region over the forecast period
- Factors driving the region on an upward growth curve include increasing demand for organic wine and growth in consumer awareness regarding various health benefits
- New opportunities emerging in the developing regions of the world would be noted over the forecast period
Analyze global organic wine market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
Competitive Landscape of Global Organic Wine Market:
Transparency Market Research has profiled prominent market players in a comprehensive manner. These include Avondale, Elgin Ridge Wines, Kendall-Jackon Winery, The Organic Wine Company, Bronco Wine Company, King Estate Winery, Grgich Hills Estate, Xinjiang Tiansai WineryCo., Ltds, Emiliana Organic Vineyards, Societa Agricola Querciabella SpA, Frey Wine, and La Cantina Pizzolato, among others.
Some of the ways that companies in this market try to gain a larger market share include deploying a range of organic and inorganic strategies, and launching new and better products. It is significant to note here that product innovation is crucial in the market to be in step with evolving consumer demand.
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Organic Wine Market Segmentation
Organic Wine Market by Product Type
- Red Organic Wine
- White Organic Wine
Organic Wine Market by Packaging
- Glass Bottles
- Plastic Bottles
Organic Wine Market by Distribution Channel
- Store-based Retailing
- Convenience Stores
- Specialty Stores
- Discount Stores
- Grocery Stores
- Convenience Stores
- Online Retailing
Organic Wine Market by Region
- North America
- Latin America
- Rest of LATAM
- Rest of Europe
- Asia Pacific Excl. Japan
- South Korea
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of MEA
- New Zealand
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Cocoa Fiber Market - Revenue generated from the global cocoa fiber market was valued at ~US$ 345 Mn in 2020, which is estimated to rise at a CAGR of 7.6%, to reach ~US$ 747 Mn by 2030. Several manufacturers have started using cocoa fiber as a key ingredient in their cosmetics, personal care, and health products (Nutraceutical). Driven by this factor, the demand for cocoa fiber will increase in the coming years.
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