Global wine barrel market – overview
Global sales of wine barrels is estimated to be valued at more than US$ 3,330 Mn in 2017 and is expected to reach more than US$ 5,260 Mn by the end of 2027, increasing at a CAGR of 4.7% over the forecast period. Sales revenue of the global wine barrel market is expected grow 1.65X over the forecast period. The global wine barrel market is estimated to represent an incremental $ opportunity of more than US$ 2,000 Mn during the forecast period.
With nearly 50% revenue share, French Oak segment is likely to lead the global wine barrel market in 2017
American oak and French oak wood are the top raw materials used in the manufacture of wine barrels particularly in North America and Europe. There is abundant availability of oak wood in the market with large as well as small suppliers. However, raw material suppliers have a high bargaining power due to high demand for oak barrels from premium wine makers / vineyards. The American Oak segment is expected to create an incremental opportunity of close to US$ 670 Mn during the forecast period. This segment is estimated to account for more than 35% revenue share of the global wine barrel market in 2017. However, French Oak will continue to be the largest segment in this category during the forecast period.
Increasing adoption of alternatives to wine barrels expected to negatively impact global market revenues throughout the projected period
According to the information provided by the various cooperages, around two barrels can be easily manufactured with the wood that is produced from the oak tree. These two barrels have a capacity to hold nearly 50 cases of wine. However, the demand for alternatives to wine barrels has increased since last few years. Some of the barrel alternatives include oak chips, spirals, granules and staves. These alternatives are a cheap and easy solution to maintain the oak flavor that comes with barrels. This factor is creating a negative impact on the global wine barrel market. It is necessary that wine barrels should be stored at a temperature of 100 Celsius. However, with increasing global warming, the ageing of wine gets faster that results in more loss of wine from the barrels due to the process of evaporation. Some countries such as Brazil, Argentina and Chile stay humid for most part of the year. This increasing temperature is a major concern as high temperatures result in high evaporation of wine.
Alcohol prohibition in most of the countries in the MEA region is another factor that is a restraint in the growth of the global wine barrels market. Iraq, United Arab Emirates, Libya, Qatar, Somalia, Yemen and Kuwait are some of the countries that have either completely banned the consumption of alcoholic beverages or have enforced fractional ban on alcohol consumption. Devaluation of the Pound post Brexit is also a significant factor creating negative impact on the global wine barrel market for the past year. In 2016-2017, the total value of wine exports from countries such as Spain, Italy and France dropped by 10%. It is to note here that the above mentioned countries are the largest exporters of wine to the United Kingdom. This factor is one of the obstacles in the revenue growth of the global wine barrel market.
The comprehensive market research report titled “Wine Barrel Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027)” provides in-depth analysis on all major segments which have influence over the global market. To give a brief layout of the segments involved the report covers capacity type, toast level type, oak type, and region.
By Oak Type
By Toast Level Type
The research report on the global wine barrel market promises value addition with respect to pricing intelligence, product portfolio analysis of various key players, distribution channel analysis, regional analysis covering the global landscape, key trends and developments along with a SWOT (strengths, opportunities, weakness and threats). The research findings also give insights on the future scenario of the market based on the present landscape and the past scenario. These insights help in taking informed decisions with which the next step can be analysed and actioned at the right time.
Uniqueness in research process provides improved accuracy
Weighted analysis is essential to understand each segment with respect to each region and sub region. To get a holistic view of the global wine barrel market, the analysis carried out must be at par with the actual market value, which is possible with the help of a strong research process followed at Future Market Insights. The research methodology followed here works on two main concepts – re-evaluation and re-validation. The initial data collected with the help of secondary research gives a direction for further research to be carried out. An overview of the market is first achieved. Simultaneously, several primary interviews are carried out and these interviews are conducted in different regions. The more the number of interviews more would be the accuracy level. A triangulation process ensures that the data collected from these sources are in sync and will represent an actual accurate estimation of the global wine barrel market.
A separate section of this research report focusses on the key players involved in the global wine barrel market. The competitive dashboard reflects the revenues of the companies, their market shares, growth rates, etc. The product portfolios, innovations, key trends followed, tactics and strategies used to gain advantage, mergers and acquisitions, expansions, geographical spread, etc., of the key players are included in the competitive scenario section. This section is included in the report in order to give the reader an idea of how to formulate marketing strategies or penetration strategies based on the correlation between the key companies and their tactics and the economic aspects which have a major influence over the market.
Milestones are achieved with the help of necessary tools. Various aspects justify the credibility of the global wine barrel market research report
Unbiased, holistic view of the market covering major regions and sub regions
Detailed segmental analysis giving justice to the reader’s investment
Trends, developments, restraints, drivers, challenges, etc., mentioned in the report uncovering all loopholes present in the market
In-depth analysis with actionable intelligence which can serve the reader’s purpose by assisting him/her in planning and executing tactics
Unmatched accuracy owing to a one-of-its-kind research approach
Competitive scenario explaining present market conditions and how key players are making moves along those dynamics
Accurate market forecasts 10 years down the line based on past and present market scenario
Recommendations based on the analyses covered by research experts of Future Market Insights