Product ID: SQMIG30F2030
Global Organic Wine Market Size, Share, Growth Analysis, By Type(Red Organic Wine, White Organic Wine), By Packaging(Bottles, Cans), By Distribution Channel(Supermarkets, Hypermarkets) - Industry Forecast 2024-2031
Report ID:
SQMIG30F2030 |
Region:
Global |
Published Date: April, 2024
Pages:
242
|
Tables:
90 |
Figures:
76
Global Organic Wine Market Insights
Organic Wine Market size was valued at USD 8.9 billion in 2019 and is poised to grow from USD 9.81 billion in 2023 to USD 23.51 billion by 2031, growing at a CAGR of 10.2% in the forecast period (2024-2031).
Organically grown and vinified grapes are used to make organic wine. This indicates that no artificial chemical fertilizers, pesticides, fungicides, or herbicides are utilized in the farming techniques used to grow the grapes. When producing organic wines, chemicals like "Mega-Purple," which are frequently used in conventional wines to intensify the color of red wines, are not allowed in the winery.
The lockdown and travel restrictions have greatly benefitted the wine business in several areas. The wine was consumed by consumers for a wider variety of domestic events. For instance, Wine Intelligence estimates that between 2019 and 2020, the Brazilian wine industry added almost three million regular wine consumers (those who consume wine at least once per month). Global demand for organic products is rising, which has a big influence on the wine business. There are two main categories of organic wine on the market: red and white. Red organic wines are quite popular with customers due to their availability and health advantages. Red organic wines thus have a better market penetration than other varieties.
Sales of organic foods topped USD 56.0 billion in 2019, rising 12.8% from the prior year, according to OTA. The worldwide organic wine market is anticipated to be driven by the increase in organic goods. Many European societies now place a high value on wine, which is frequently served as a side dish at both lunch and supper. According to research done in 2019 by the European Association of Wine Economists and the ChaireVins et Spiritueux de INSEEC U, wine consumption has increased significantly during the period of home isolation as a result of the coronavirus outbreak in Spain and other European nations.
US Organic Wine Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Organic Wine Market Report Snapshots
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