Industry Background:
The growing popularity of ice wine will help to boost the global ice wine market in the forecasted period. Ice wine is a type of dessert wine produced from grapes that have been frozen while still on the vine. Ice wines are most widely distributed in cold regions. the main producer of the ice wine is Austria, Germany, Switzerland, Canada, and China. These wines are enological jewels, fetching high prices in international markets, and the production regions and the climatic conditions in which they are produced can be included in extreme and heroic viticulture.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Weingut Markus Huber GmbH & Co KG (Austria), Inniskillin (Canada), Hunt Country Vineyards ( United States), Casa Larga (United States), Pillitteri Estates Winery (Canada), Pelee Island Winery (Canada), Weingut Nigl (Austria), Peller Estates Winery (Canada), Kittling Ridge Ltd. (Canada) and Reif Estate Winery (Canada) |
According to AMA, the market for Ice Wine is expected to register a CAGR of 20.3% during the forecast period to 2030. This growth is primarily driven by Upsurging Demand for Alcoholic Beverages Across the Globe and Numerous Health Benefits Associated with the Ice Wine.
Globally, a noticeable market trend is evident Introduction to Variety of Flavoured Wines
The Beverages sector in the Europe region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Weingut Markus Huber GmbH & Co KG (Austria), Inniskillin (Canada), Hunt Country Vineyards ( United States), Casa Larga (United States), Pillitteri Estates Winery (Canada), Pelee Island Winery (Canada), Weingut Nigl (Austria), Peller Estates Winery (Canada), Kittling Ridge Ltd. (Canada) and Reif Estate Winery (Canada), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In November 2021 China Tontine Wines Group Limited announced the on-site due diligence inspection on the Target Group, which comprises Sino Trend International Limited and its subsidiaries revealed that the quality of the ginseng planted by the Target Group was “better than satisfactory”.
In January 2022,Hallmark Channel is going all in on its’ new movie, The Perfect Pairing.The channel has teamed up with their wine partner, Wines That Rock, to launch The Perfect Pairing dessert wine.
Influencing Trend:
Introduction to Variety of Flavoured Wines and Increasing Adoption of Cold Storages across the Globe
Market Growth Drivers:
Upsurging Demand for Alcoholic Beverages Across the Globe and Numerous Health Benefits Associated with the Ice Wine
Challenges:
Complexities Associated with Distribution of Ice Wine and Numerous Risks Associated with Manufacturing Ice Wine
Restraints:
Production of Ice Wine Protected to Limited to Particular Wine Producing Countries and Comparatively Expensive than Conventional Wines and Other Beverages
Opportunities:
Several Untapped Regions will Create Regional Growth Opportunities
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Ice Wine Market
- Analysis about New Entrants in Ice Wine Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Ice Wine Study Sheds Light on
The Ice Wine Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Ice Wine industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Ice Wine industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.