The global Oak Wine Barrel market was valued at US$ 700.3 million in 2020 and is expected to reach US$ 1036.5 million by the end of 2027, growing at a CAGR of 5.3% during 2021-2027.
This report studies the Wine Barrels market. Some wines are fermented “on barrel”, as opposed to in a neutral container like steel or wine-grade HDPE (high-density polyethylene) tanks. Wine can also be fermented in large wooden tanks, which—when open to the atmosphere—are called “open-tops”. Other wooden cooperage for storing wine or spirits range from smaller barriques to huge casks, with either elliptical or round heads.
The tastes yielded by French and American species of oak are slightly different, with French oak being subtler, while American oak gives stronger aromas. To retain the desired measure of oak influence, a winery will replace a certain percentage of its barrels every year, although this can vary from 5 to 100%. Some winemakers use “200% new oak”, where the wine is put into new oak barrels twice during the aging process. Bulk wines are sometimes more cheaply flavored by soaking in oak chips or added commercial oak flavoring instead of being aged in a barrel because of the much lower cost.
Europe accounted for the largest market share of wine barrel market and is expected to remain dominant over the forecast period. This is due to the rapidly growing parent market of wine in the Europe. North America is the second largest region to account for maximum market share of the overall wine barrel market and has also registered a significant growth rate in terms revenue due to increasing demand of wine.
Global Oak Wine Barrel Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Oak Wine Barrel Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Tonnellerie Francois Freres (TFF), Oeneo, Nadalie, World Cooperage, Bouchared Cooperages, G & P Garbellotto S.p.A, Canton Cooperage, The Barrel Mill, Kelvin Cooperage and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-oak-wine-barrel-market-outlook
Segment by Type
- Eastern Oak Wood
- American Oak Wood
- French Oak Wood
Segment by Application
- White Wine
- Red Wine
Table of Content:
1 Oak Wine Barrel Market Overview
2 Oak Wine Barrel Market Competition by Manufacturers
3 Oak Wine Barrel Retrospective Market Scenario by Region
4 Global Oak Wine Barrel Historic Market Analysis by Type
5 Global Oak Wine Barrel Historic Market Analysis by Application
6 Key Companies Profiled
7 Oak Wine Barrel Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Oak Wine Barrel Market Dynamics
10 Global Oak Wine Barrel Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.