Organic Wines Market to exceed US$ 24,557.14 Million by 2028

    Published on 27-Jun-2022
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    Report : Organic Wines Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type (Still and Sparkling), Packaging Type (Bottles and Cans), and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Direct Selling)

    The scope of our recent study, titled "Organic Wines Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type, (Still and Sparkling), Packaging Type (Bottles and Cans), and Distribution Channel, (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Direct Selling)" consists of the factors fueling the market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments.

    The organic wines market is projected to reach US$ 24,557.14 million by 2028 from US$ 12,471.20 million in 2022. It is expected to grow at a CAGR of 12.0% during 2022-2028. The market for organic wines is witnessing high demand despite being a niche, including organic products or products perceived as healthy by consumers, such as granola or muesli, which and the market is are expected to rise in during the forecast period. In addition, manufacturers are constructing various industrial units and storage systems to provide proper cold storage and transport facilities. The addition of high-quality ingredients is anticipated to uplift the overall market growth in the coming years to come.

    Many medium to small enterprises working in wine manufacturing have a substantial presence in organic wines manufacturing. Germany, France, and the US are among the key countries in the organic wine market. Organic wines manufacturers are investing heavily in promotion strategies, which is are projected to drive boost the organic wines market growth during the forecast period.

    Based on type, the global organic wines market is segmented bifurcated into still and sparkling. In 2021, the still segment accounted for the a largerst market share, whereas the sparkling segment is expected to register the highesta higher CAGR during the forecast period. The demand for organic beverage products increased rapidly after the onset of the COVID-19 outbreak. This is due to the change in consumer purchasing patterns as consumers have become more aware of the importance of a strong immune system and healthy lifestyle, resulting in a preference for organic and natural foods. Still wine is the most prominently available and consumed wine, which has resulted in the a larger market share for the same.

    The global organic wines market is segmented into five main regions- North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and & Central America. In 2021, Europe accounted for the largest share of the market. The market in, whereas North America is expected to grow at the highest CAGR over the forecast period. The US is expected to be amongst the top three consumers of organic wine over the end of the forecast period. The food & beverages industry is one of the rapidly growing industries in the region. Moreover, the region's rapidly growing alcoholic drinks market is bolstering the demand for organic wines.

    Impact of COVID-19 Pandemic on Organic Wines Market

    With Due to the COVID-19 outbreak across the world, most countries declared a health emergency and stopped nonessential movementsactivities. The shutdown of manufacturing units and the distribution facilities, such as supermarkets and hypermarkets, and specialty stores, declined the demand for alcoholic drinks, which, in turn, restrained the organic wines market. During the initial stages of the COVID-19 pandemic, organic wines manufacturers were forced to scale back or halt discontinue the production temporarily, which impacted hampered the market negativelygrowth. However, businesses have gained groundcollected profits as the governments of various countries eased out the previously imposed restrictions. Moreover, the food & beverages industry has collaterally grown worldwide post-recovery of production disruptions. As the production of organic wines regained pre-pandemic figures and is growing continuously, the organic wines market is expected to expand significantly during the forecast period. Although the initial phase of the pandemic caused temporary disruptions in the organic wine market, the overall impact of the COVID-19 pandemic outbreak has been beneficial for the organic wines market.

    The report includes the segmentation of the global organic wines market as follows:

    Based on type, the global organic wine market size is segmented into still and sparkling. Based on packaging type, the market is segmented into bottles and cans. Based on distribution channel, the market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and direct selling.

    By geography, the organic wines market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South and Central America. The market in North America is further segmented into the US, Canada, and Mexico. The market in Europe is segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The market in Asia Pacific is segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in Middle East & Africa (MEA) is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The market in South and Central America is segmented into Brazil, Argentina, and the Rest of South and Central America.

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