Icewine is a dessert wine produced from grapes that have been frozen. The sugars and other dissolved solids do not freeze, but the water in the grapes freezes, allowing for a more concentrated grape juice to develop. The grapes juice is pressed from the frozen grapes, resulting in a smaller amount of more concentrated, very sweet wine. In icewines production, the freezing happens before the fermentation. Icewine production is risky and requires a large labor force to pick the whole crop within a few hours. This results in relatively small amounts of ice wine being made worldwide, making ice wines generally expensive.
MARKET DYNAMICS
Consumption of icewine in social gatherings and celebrations has become a status symbol and very popular in developed countries, which is the primary reason for the increasing demand for icewine. Moreover, the high dispensable income of consumers and growth in the promotional and marketing strategies provides growth opportunities for the major market players. However, the high cost of production and the higher price of icewine is projected to hamper the overall growth of the icewine market.
MARKET SCOPE
The "Global Icewine Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the icewine market with detailed market segmentation by tyep, application, and geography. The global icewine market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading icewine market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global icewine market is segmented on the basis of type and application. On the basis of type, the icewine market is segmented into white ice wine and red ice wine. Based on application the market is segmented into daily meals, social occasions, entertainment venues, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global icewine market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The icewine market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the icewine market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the icewine market in these regions.
MARKET PLAYERS
The reports cover key developments in the icewine market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from icewine market are anticipated to lucrative growth opportunities in the future with the rising demand for icewine in the global market. Below mentioned is the list of few companies engaged in the icewine market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the icewine market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Pillitteri Estates
- Pelee Island
- Peller Estates
- Kittling Ridge
- Reif Estate Winery
- Jackson-Triggs
- Riverview Cellars Estate
- Chateau Ste. Michelle
- Joseph's Estate Wines
- Konzelmann Estate Winery
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.