What is Wine Concentrate?
Wine concentrate is a dry powdered or liquid product that offers the same health benefits of wine without alcohol. Wine concentrates are highly utilized for making wine at home or in the production of wine to increase the alcohol content. It is also used as a natural flavor or coloring ingredient in the food products like soups, broths, sauces, convenience food, and beverages like mixed drinks. The consumption of red wine has been increasing across the globe as it contains antioxidants and also helps to prevent chronic diseases that will accelerate the growth of wine concentrates.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Winexpert (Canada), Keller Juices s.r.l. (Italy), Fruit Group AG (Switzerland), Lemonconcentrate (Spain), Vie-Del (United States), Mostos Españoles S.A. (Spain), Papagni Wines (United States), JUVIAR (Argentina) and Australian Vintage Limited (Australia) |
CAGR | % |
The market study is broken down by Type (Red Wine Concentrate and White Wine Concentrate), by Application (Food Industry, Wine Making and Others) 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. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Winexpert (Canada), Keller Juices s.r.l. (Italy), Fruit Group AG (Switzerland), Lemonconcentrate (Spain), Vie-Del (United States), Mostos Españoles S.A. (Spain), Papagni Wines (United States), JUVIAR (Argentina) and Australian Vintage Limited (Australia) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Wine Concentrate market by Type, Application and Region.
On the basis of geography, the market of Wine Concentrate has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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). If we see Market by Nature, the sub-segment i.e. Organic will boost the Wine Concentrate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Liquid will boost the Wine Concentrate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Wine Concentrate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2020, Vie-Del Company completed the acquisition of Constellation Brands’ high-color concentrate and standard grape concentrate business lines to strengthen its position in the North American market. The deal will expand Vie-Del’s product offering and enhance its ability to serve the domestic and international need for high color and standard grape concentrate.
In March 2022, The Wine Group launched two strong lemonade stand at Main & Vine wine & lemonade hybrid in its home market. Newly launched lemonade has 6.5% abv and comes in two varieties including Strawberry Lemonade Rosé and Lemonade Moscato.
Market Trend
- Emerging Trend of Concentrates for Non-alcoholic Purpose Across the Globe
Market Drivers
- Increasing Use of Wine Concentrates in the Food Preparation to Enhance Color and Flavor
- Surging Demand for Red Wine Concentrates for Winemaking to Increase Alcohol Content and Sugar Level
Opportunities
- Growing Popularity of Organic or Natural Flavoring and Coloring Ingredients in the Food Industry
Restraints
- Ban on the Consumption of Wine or Wine-based Products in Some Countries
Challenges
- High Content of Sugar in the Wine Concentrates May Hamper the Growth
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Wine Concentrate Manufacturers, Suppliers and Distributors of Wine Concentrate, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.