Report : Organic Wine Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Packaging (Plastic Bottles, Glass Bottles, Cans, and Others), Product Type (Red Organic Wine and White Organic Wine), and Distribution Channel (Food Service, Supermarkets and Hypermarkets, Specialist Retailers, Online Channel, and Others)
Increase in Number of Organic Vineyards to Escalate Growth of Organic WineMarket
According to our latest market study on “Global Organic Wine Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Packaging (Plastic Bottles, Glass Bottles, Cans, and Others), Product Type (Red Organic Wine and White Organic Wine), and Distribution Channel (Food Service, Supermarkets and Hypermarkets, Specialist Retailers, Online Channel, and Others),”the market was valued at US$ 7,460.29 million in 2019 and is projected to reach US$ 16,647.81millionby 2027; it is expected to grow at a CAGR of 10.7% from 2020 to 2027.The report highlights key factors driving the market growth and prominent players along with their developmentsin the market.
Organic wine is prepared from grapes cultivated organically, which mainly exclude the use of artificial chemical pesticides, fertilizers, fungicides, and herbicides. Organic wine is considered healthy as it has lots of antioxidants, vitamins, and minerals.
Organic wine is produced by cultivating grapes without the use of artificial fertilizers or harmful chemicals. Organic wine has started gaining traction in the wake of alarming health issues and rising focus on healthy living. Therefore, rising demand for organic wine has positively influenced the number of organic vineyards. Further, according to the Research Institute of Organic Agriculture, Spain is considered one of the major regions, which strongly contributes to the production and consumption of organic wine. In the country, almost 80,000 hectares of land is considered to be used for organic farming of grapes. Other than this, France, Italy, the US, Turkey, and Germany are other major economies, which have a significant contribution in the production of organic grapes and wineries. Favorable climatic conditions, positive government approaches, and focus toward sustainable farming are some of the important factors influencing the growth of the organic wine market worldwide. Moreover, increase in population demanding healthier food options, along with rise in disposable income has fueled the demand for organic wine. The well-established countries are specifically experiencing massive growth in demand for organic food. Moreover, favorable government regulations to promote wine's organic cultivation are further expected to fuel market growth. All these factors are likely to increase the area and number of organic vineyards, thereby proliferating the growth of the market.
Avondale, ELGIN RIDGE WINES, The Organic Wine Company, Bronco Wine Company, King Estate Winery, GRGICH HILLS ESTATE, EMILIANA, Società Agricola QuerciabellaSpA, Frey Vineyards, and La cantina PizzolatoS.r.lare among the well-established players in the global organic wine market.
Impact of COVID-19 Pandemic on Organic Wine Market
The COVID-19 pandemic first began in Wuhan, China, in December 2019, and since then, it has spread at a fast pace worldwide. As of September2020, the US, Brazil, India, Russia, Peru, South Africa, Mexico, and the UK are some of the worst affected countries in terms confirmed cases and reported deaths. The outbreak has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Food &beverages is one of the major industries suffering serious disruptions, such as office and factory shutdowns, and supply chain breaks, as a result of this outbreak.
The report includes the segmentation of the global organic wine market as follows:
Global Organic Wine Market, by Product Type
Global Organic Wine Market, by Distribution Channel