Wine Barrel Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMFB3105 | Last Updated On: Oct 07 2022 | Available Formats

> Global Wine Barrel Market Expected to reach a high CAGR By 2029: DataM Intelligence

Global Wine Barrel Market Segmented By Wine processed (Red Wine, White Wine), By Type of Oak Wood (Frenck Oak Wood, American Oak Wood, Eastern Oak Wood), And By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

[180 Pages Report] The Wine Barrel Market is expected to grow at a high CAGR of 4.9% during the forecasting period (2022-2029).

Wine Barrel Market - Strategic Insights

Metrics

Details

Market CAGR

 4.9%

Segments Covered

By Wine processed, By Type of Oak Wood and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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A wine barrel is particularly used for storing brandy. It permits a limited amount of oxygen into the wine, imparting the character of the wood into the wine. These are predominantly used for wine ageing. After fermentation, the wine is stored in the wine barrel for sedimentation, making it smooth enough. Throughout the ageing process, numerous flavours are added to the wine as it goes through various chemical changes. These barrels have a life of around a hundred years and the ageing of wine in the barrels gets 50% of the barrel in the first use and this progressively decreases with further utilization.

Market Dynamics

Rising demand for wine in emerging economies is one of the major factors driving the demand for wine barrels globally. Oak wine barrels are suitable for ageing the wine, as it enhances the wine properties, including rich in quality and taste. Thus, the market of the wine barrel is growing at a significant pace. Controlled oxidation throughout the ageing process in wine barrels results in reduced stability, astringency, and improved colour of the wine. Such processes do not happen in the case of barrels made from other materials, such as plastic and metals, which is another key reason for the heightened demand for wine barrels globally.

Stainless steel barrels are gaining traction in the market

Stainless steel barrels serve as a suitable alternative for oak barrels for wine storage due to their longer durability, low maintenance cost, as compared to oak wood barrels. Additional, wine is acidic and can often oxidize wooden barrels, which does not occur in the case of stainless steel barrels. Therefore, this factor is expected to present a suitable opportunity for the growth of the market in the future. Moreover, increasing the life of the wine contained in barrels will further boost the demand that will take the lead to the growth of the wine barrel market.

Increasing prices of oak barrels

Replacements to oak barrels, such as oak powders, blocks, and chips in typical metal vats of wine to provide the essence of oak flavours and aromas are significantly hindering the growth of the wine barrel market globally. Further, the price of oak barrels is rising over time due to the enlarging difference between demand and supply, which is another key factor hampering the growth of the wine barrel market.

COVID-19 Impact Analysis

As the on-premise dining closed, alcohol sales moved from restaurants and bars to in-home. There was a sharp increase in alcohol e-commerce sales noticed in North America during the COVID-19 pandemic, which has caused many consumers to change their buying patterns. Therefore, modest growth has been noticed in the wine barrel market amidst the pandemic.

Segment Analysis

Based on Wine processed of wine processing, the global market is classified into red wine and white wine.

The red wine segment is projected to with high CAGR  during the forecast period.

The red wine segment is expected to project a relatively high CAGR over the forecast period. Red wine processing has several benefits, such as heart-healthy, regulating blood sugar, among others which increases its need among wine consumers.

Based on Wine processed of oak wood, the global market is classified into French oak wood, American oak wood, Eastern oak wood.

French oak wood segment is expected to dominate the global market

French Oak wood comprises the greatest tannin of the oak Wine processed. The barrels produced of French oak wood are called good quality barrels that generates the best quality wine. Oakwood rises the flavour of wine by releasing some conventional flavours, such as butter, vanilla, and spice into the wine. American oak barrels occur in both sizes and have the ability to hold all Wine proceeds of wine. Eastern European and Hungarian oak is the same Wine processed of the oak tree as French Oak.

Geographical Analysis

Based on geography, the study analyzes the wine barrel market in the global market, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

North America is expected to dominate the global wine barrel market

North America accounted for contributing the largest share in the wine barrel market and is expected to remain dominant over the forecast period. This is due to the rapidly expanding parent market of wine in North America. Moreover, Europe is the second-largest region to hold the maximum market share of the total market and registered a significant CAGR due to increasing demand for wine. In addition, the wine barrel market of Asia Pacific is expected to witness a favourable demand during the forecast period.

Competitive Landscape

The wine barrel market is highly competitive, owing to the presence of big food brands. The key wine barrel players which are contributing to the growth of the global market include OENEO, Francois Freres, THE BARREL MILL, StaVin Inc., G & P, Barry Barrels, Canton, Garbelotto S.p.A., Penglai Wolin Cooperage Co., Ltd., Jinan Runfang Machinery Technology Company Limited, Nanjing Shuishan Technology Co., Ltd., FS Dynertek (Suzhou) Co., Ltd., Caoxian Huashen Arts & Crafts Co., Ltd. The major players are adopting new product launch and expansion strategies for global growth in the wine barrel market.   

Oeneo SA

Oeneo SA involves in the production of wine barrels and corking products. The company operates in two business segments: Cooperage and Corking Products. The Cooperage division produces barrels, tanks, drums, casks, powders, wood chips, and staves under the brand names: France Boisé and Seguin Moreau. The Corking Products division offers cork stoppers for sparkling, still, and fortified wines under the brand names: Mytik, Diam, and Altop. The company was founded in 1838 and is headquartered in Bordeaux, France.

Product Portfolio: The Company’s portfolio comprises cooperage, casks, tanks, wine cooking products, wood products, wood chips and others

Why Purchase the Report?

  • Visualize the wine barrel market segmentation composition by wine processed, type of oak wood and region, highlighting the critical commercial assets and players.
  • Identify commercial opportunities in the wine barrel market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of wine barrel market - level 3 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

The global wine barrel market report would provide access to an approx. 54 market data tables, 47 figures and 180 pages.

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers

FAQ

What is the Wine Barrel Market growth?

The market is growing at a CAGR of 4.9%.

What is Wine Barrel Market size in 2021

The Wine Barrel Market size was valued at USD YY million in 2021.

Who are the key players in Wine Barrel Market?

THE BARREL MILL, StaVin Inc., G & P, Barry Barrels, Canton, Garbelotto S.p.A., Penglai Wolin Cooperage Co., Ltd.

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