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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Cooking Wine Market Analysis by Region
Europe is anticipated to hold a dominant position in the cooking wine market in the forecast period. Europeans, including German, British, and French individuals, spend around 16% of their expenditure on food. According to industry reports, about 3%–5% of European tourists are culinary tourists. The growing trend of food tourism across Europe that involves the indulgence of various cuisines is encouraging the greater adoption of wine in dishes.
The North America cooking wine market is being driven by the increasing number of wineries in the United States. Popular wine brands include Franzia, Barefoot Cellars, Carlo Rossi, and Sutter Home. The rising expenditure on fine dining in North America is increasing the inclusion of wine in dishes to improve flavour and provide improved customer satisfaction.
The Asia Pacific region holds a growing market share. The presence of vineyards regions of China including Shandong, Hebei, Ningxia, and Shanxi consumers and businesses to access a wider variety of cooking wines, including imported ones. There is an opportunity for producers to innovate with cooking wine flavours and types, catering to local tastes and preferences.
Cooking Wine Market Report Snapshots
Cooking Wine Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global cooking wine market value was USD 405.35 million.
The market is projected to grow at a CAGR of 3.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 572.47 million by 2032.
The market drivers include health benefits associated with low alcohol wines, expanding vineyards, and growing penetration of e-commerce.
The key trends include growing popularity of culinary tourism and rising social media influence promoting the incorporation of cooking wine in food.
The different types of cooking wine include red and white, among others.
The major applications of cooking wine include B2B and B2C.
The major players in the market include AAK AB, ECOVINAL SL, Gourmet Classic Limited, Mizkan America Inc., Marina Foods, Inc., World Finer Foods, LLC, and Eden Foods, Inc., among others.
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