What is Oak Wine Market Scope?
Oak wine is the wine that is produced and manufactured in oak barrels which are made of oak wood staves, bound of metals or wooden hoops that are cylindrical and hollow in shape. These wine are best in their color, texture, flavor and tannie profile. The major advantage of drinking this wine helps to keep up with hairs, skin as well as the heart. Increasing production of wine coupled with rising consumer spending on freshly brewers flavored wine products will provide a positive scope for product penetration during the forecasted timeframe. Moreover, the rising lifestyle coupled with the living standards of consumers is growing the market demand of this product.
The Oak Wine market study is being classified by Type (Red Wine (Pinot Noir, Cabernet Sauvignon, Merlot, Pinotage, Chianti and many more) and White Wine (Pinot Grigio, Pinot Blanc, Sauvignon Blanc, and many more)), by Application (Residential and Commercial) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Accolade Wines Australia Limited (Australia), Bacardi Limited (Bermuda), Brown-Forman Corporation (United States), Cantine Riunite & CIV S.C.Agr. (Italy), Castel Group (France), Caviro s.c.a (Italy), CodornÃu, S.A. (Spain), Constellation Brands, Inc. (United States), E. & J. Gallo Winery (United States), Freixenet S.A. (Spain), Gruppo Italiano Vini S.P.A. (Italy), Henkell & Co. Sektkellerei KG (Germany), Kendall-Jackson Wine Estates, Ltd. (United States) and LANSON-BCC (France) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Miguel Torres S. A (Spain), Pernod Ricard Groupe (France), Remy Cointreau Group (France), The Schenk Group (Switzerland), Treasury Wine Estates Limited (Australia), Vina Concha y Toro S.A. (Chile) and The Wine Group LLC (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Oak Wine market by Type, Application and Region.
On the basis of geography, the market of Oak Wine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
On 3rd June 2021 - Bacardi has partnered with the UK’s leading nightlife comparison site, Design My Night, to launch its all-new ‘Guide to Going Out (Again)’, just in time for the anticipated final lifting of restrictions on 21 June.
On 21st 2019, Scott Laboratories, the industry leader in ingredients and products for wine quality, announced the launch of The Oak Lab, an enterprise dedicated to oak infusion products. The lab was founded with the vision of bringing a new perspective to the oak infusion market by developing and embracing new technologies, and re-imagining the process of product trials, selection, and application.
“According to California Department of Tax and Fee Administration Regulations, the Tax does not apply to sales of new, used or re-coopered oak barrels to persons who purchase the barrels for the purpose of physically incorporating oak into wine to be sold. Re-coopered barrels have the inner surface shaved off to expose new wood. The use of oak wine barrels as a container during the manufacturing process is incidental to the primary purpose of incorporating oak into the wine.
Influencing Market Trend
- Rising Consumption of these Oak Wines by Millenium
- Adoption of Different Types of Oak Barrels which helps in Fermentation of Wine
Market Drivers
- Increasing Application of these Wines in Food Industry
- Increasing Pubs and Clubs which Serves Oak Wine
Opportunities
- Rapid Urbanization in major metropolitan cities will augment the overall industry growth of wines. For instance, the United States is the most consumed state in terms of wines. Idaho leads the country by a major margin, with a consumption rate of 1.19. Moreover, the second-highest in Delaware, at 0.73, shadowed by New Hampshire, New Mexico, and Vermont.
Restraints
- High Cost Associated with this Wines
- Stringent Rules and Regulation Associated with Wineries
- Anti-Alcohol Campaigns and Legislations
Challenges
- Availability of Alternatives such as Oak chips
- Stiff Competition between Major Players
Key Target Audience
Oak Wine Manufacturers, Oak Wine Provider, Potential Investors, Government Bodies and Associations, Up and Down Stream Vendors, Private Research Organizations, Suppliers and Distributors and Others
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