The global organic wine market is anticipated to grow at a significant CAGR of 10.4% during the forecast period. Growing demand for organic wine from retail and restaurant sectors across the globe is one of the major factors propelling market growth. In recent years, the consumption of organic wine is increasing at a rapid pace as consumers continue to sway toward organic products due to which, the organic wine market is expected to flourish. Due to its environmental benefits, health benefits, and high-quality status, it is gaining popularity among wine drinkers propelling its growth in retail and restaurants, hotels, and bars. Luxury hotel and fine dining restaurants are increasingly enhancing their sustainable image and are projecting the environmental, social, and economic perspectives to their customers with the introduction of organic wines on their menus. This factor is anticipated to drive the global organic wine market during the forecast period.
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Impact of COVID-19 Pandemic on Global Organic Wine Market
The COVID-19 pandemic has caused complete disorder in global supply chains which resulted in several trade barriers all over the world. A disorder in global supply chains and trade barriers all over the world consequently impacted the production of organic wine. Moreover, lockdown in many countries disrupted the retail sector and the consumers were willing to buy only necessary products. Moreover, due to the closure and restrictions on bars, restaurants, and hotels globally, the pandemic disrupted the distribution channel resulting in less demand from retailers and the food service sector. As per ProWein Business Report, in 2020, COVID-19 affected about 77% of hotels, with turnover declining by 60% across the sector, while restaurants observed sales decline by 91% by the end of 2020.
Segmental Outlook
The global organic wine market is segmented based on the type, packaging, and distribution channel. Based on the type, the market is segmented into red organic wine, and white organic wine. Based on the packaging, the market is sub-segmented into plastic bottles, glass bottles, cans, and others. Further, based on distribution channels, the market is sub-segmented into store-based retailing, food service, and online retailing. Among the type segment, the red organic wine sub-segment is expected to cater to a prominent market share over the forecast period owing to its health benefits and wide availability across the regions.
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Market Coverage
- Segment Covered-
o By Type
o By Packaging
o By Distribution Channel
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape-Bronco Wine Co., Origins Organic, The Organic Wine Co., Villa Maria Estate Ltd., Winc, Inc., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Organic Wine Market Report Segment
By Type
- Red Organic Wine
- White Organic Wine
By Packaging
- Plastic Bottles
- Glass Bottles
- Cans
- Others (Tetra Pak, Aluminum Bottles)
By Distribution Channel
- Store-based Retailing
- Food Service
- Online Retailing
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