Organic Wine Market Current and Future Plans, Industry Analysis and Prospect by Forecast
Organic Wine Market: Introduction
A recent study published by Transparency Market Research on the
organic wine market comprises global industry analysis and opportunity
assessment for 2020-2030. Revenue generated from the global organic
wine market was
valued at ~US$
11 Bn in 2020, which is expected to expand at a CAGR
of ~10.8%,
to reach ~US$
30 Bn by 2030.
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Increasing Preference for Vegan Beverages among People to Augment
Market Growth
The vegan trend is moving in new directions; millennials are
becoming increasingly health-conscious and environment sensitive. Vegan is a
group of population choosing a plant-based diet and beverage products to
protect the environment and take better care of their health. Vegan wines are
also gaining popularity among consumers. Vegan wines are made without using any
animal products or byproducts in any step of farming or vinification processes.
Traditionally, casein or a protein found in milk-egg white
was used to remove any micro or tiny particles from wine that cannot be removed
using the filtration method. At present, winemakers either use bentonite, a
form of pea protein or clay to remove particles with the use of non-animal
fining products or leave the particle to sink naturally to the bottom of the
wine. This is providing new market prospects for vegan organic wine.
Biodynamic and Other Environmental Factors Influencing Organic
Viticulture and Winemaking
Consumers are increasingly interested in and concerned about the
products they buy, as well as how and where they are produced. The wine
community is finding bold, creative, and innovative ways of satisfying consumer
interests, ensuring the long-term viability and leaving a lighter footprint on
our planet. Wine producers are inclining toward biodynamic wine harvesting and
culture.
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Biodynamic and other environment-friendly practices do not impact
the flavor or taste of wines. These movements were born largely out of a desire
to encourage environmental and social change. Hence, this factor fuels the
demand for organic wine from consumers that are more concerned about
environmental health and from consumers who believe that biodynamic wines are
better and cause less-intense hangovers.
Increasing Preference for Organic Wines to Boost Sales
Health benefits associated with wine have been in common knowledge
for years, and organic wine is the healthiest of them all. Organic wine has
lots of antioxidants, vitamins, and minerals, which are essential for good
human health. Organic wines are also associated with different features, which
make it more preferable over conventional wines, such as non-GMOs, no synthetic
additives, no added sulfites, less sugar, lower alcohol content, and also
supports sustainable organic farming and production methods. Hence, all these factors
make consumers opt for organic wines. The number of lifestyle diseases is
increasing around the world; people are becoming more concerned about their
health and diets, and prefer food and drinks that are healthy without any
chemical additives.
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Impact of COVID-19: Organic Wine Market
The Covid-19 pandemic has deeply impacted the drinks industry
global sales to slump, as the coronavirus crisis has shut down bars and
restaurants worldwide. The wine market is less volatile and gives wine
investors the convenience of owning a non-correlated investment in this period
of market stress. Given the situation, the hospitality industry is among the
hardest hit, as companies and communities have been affected due to rising
number of corona patients and further extension of lockdown.
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
- Cans
- Others
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About Transparency Market Research
Transparency
Market Research, a global market research company registered at Wilmington,
Delaware, United States, provides custom research and
consulting services. The firm scrutinizes factors shaping the dynamics of demand in
various markets. The insights and perspectives on the markets evaluate
opportunities in various segments. The opportunities in the segments based on
source, application, demographics, sales channel, and end-use are analysed,
which will determine growth in the markets over the next decade.
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Market Research employs rigorous primary and secondary research techniques in
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