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Global Cooking Wine Market Segmentation By Product (Red, White and Dessert), By Application (B2B and B2C) and by Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2021 – 2027)

Published: January, 2022
ID: 11252
Pages: 175

Cooking Wine Market Growth and Forecast (2022 - 2027):

Cooking Wine Market size was worth US$ xx million in 2022, and it is determined to reach a valuation of US$ xx million, developing with an annual expansion rate (CAGR) of xx% between 2022 and 2027.

Cooking Wine Market Overview:

Cooking wines are produced with the aging of sherry, rice, grapes, marsala, and various assets. This wine helps prepare soups, sausages, splits, ketchup, hamburgers, chicken, and a variety of dishes. It is low in calories, sodium, fat and very rich in minerals, enhancing the flavor and presence of food. Wine dishes are mainly used in non-vegan recipes and meals. Cooking wine provides the right way to add an excellent touch to a variety of dishes. It is known for its unique sweetness and high clarity that pair perfectly with rich dishes such as gourmet and street. The application of cooking wine is increasing in the food and beverage industry. The growing world population is looking for new flavors and initiatives in the food industry and food management that fill create an interest in cooking wine in the future.

Cooking Wine Market Drivers:

A growing world population is seeking new flavors and recipes in the food and foodservice industry, which is driving the kitchen demand for wine products. Wine dishes are commonly used in vegan planning and food.

Cooking Wines offers the right strategy to give a better touch than the wide variety of dishes. Cooking wines are known for their extraordinary comfort and high clarity, which pair perfectly with rich dishes such as gourmet and complete food. The use of Cooking wines in the food and beverage industry is expanding. Cooking wine products are new to the food and food management industry around the world and well known to customers. Cooking wine offers many medical benefits to buyers compared to conventional cooking oils. The cooking wine market is in its early stages of development and is gaining popularity in the catering business. Cooking wines are used industrially in the assembly of ketchup, soups, hot dogs and processed meat products, and their scope of application is gradually expanding and used in gourmet and comprehensive food planning. Cooking wines are widely used in the meat processing industry due to their low fat and flavoring substances, and they help enhance the taste of meat products. Cooking wine products are new to the foodservice and food industry and are gaining popularity with consumers.

The Cooking wine market is in its early stages of growth and is witnessing increasing demand from the food service industry. The trend of seasoning with wine is on the rise among New Age chefs and has a positive impact on the growth of the global Cooking wine market. Wine marinade is a mixture of acidity, wine, spices, herbs, and oils. It turns out that if you cook the wine while marinating poultry, steaks and seafood, it is tasty and the meat tender and flavorful. Similarly, the trend of marinating vegetables by cooking wine is also gaining popularity. The ability of Cooking wines to enhance the taste and flavor of food is one of the main reasons for greater adoption. The versatile application for quick sautéing or hours of simmering, saucing, or baking gives all types of chefs room to make their dishes unique. The use of wine dishes for soups and stews is also increasing.

Cooking Wine Market Restraints:

Red wine is considered synergistic with soups with meat and tuber mixes such as beef stew and cream soup. Red wine is also suitable for slow-cooker stews. In addition to adding subtle flavors, cooking red wine while it is seasoning gives the dish its color. Different types of Cooking wines will help add a smoky flavor or fruity freshness to the dish. This seasoning process is considered very useful when cooking on a stovetop, slow cooker, or oven. Similarly, the growing penetration of social media is increasing awareness of food, cooking methods, ingredients, and cooking. As a result, the hotel industry is increasing spending to incorporate wine cuisine into authentic food in many countries. Cooking wines are used commercially in the production of ketchup, soups, cold cuts, and meat products, their application is increasing day by day, and they are used in gourmet and complete food recipes. In addition to enhancing taste, cooking alcoholic ingredients in food improve health benefits, reduces cancer, and improves digestion. The alcohol content of certain Cooking wines is known to increase the content of high-density lipoproteins that are good for the body. The aforementioned health benefits associated with cooking wine are expected to drive demand for the product as an ingredient in food preparation for years to come. The food and beverage industry, which has experienced a high growth rate over the past decade, is experiencing increased demand due to the growing population. Cooking ingredients, including seeds and vegetable oils, are substances that are used throughout the world in cooking practices and are traditional oils that have been used for many years. Changing lifestyles, food preferences, and changing food trends are the main drivers of the global Cooking wine market.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 - 2026

Base Year

2021

Forecast Period

2022 - 2027

CAGR

NA

Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

Market Leaders Profiled

World Finer Foods, Mizkan America, Inc, RecipeTin Eats, Roland Foods, LLC, Kame, Goya Foods, Inc, Kedem Food Products, Kikkoman Sales USA, Inc, Ecovinal SL, Batory Foods, LinChen Inc

Cooking Wine Market Segmentation Analysis:

Depending on the product, the Cooking wine market is divided into

  • red

  • white

  • dessert

Cooked white wines accounted for about 36% of total sales in 2020. Several factors support the preference for cooked white wines. Also, these variations are used in risottos to improve acidity. The dessert variant is expected to be one of the fastest-growing segments of the Cooking wine market and is expected to expand at a CAGR of 3.4% between 2021 and 2026. Popular varieties used in cooking include Madeira, Marsala, Jerez and Porto.

Depending on the application, the Cooking wine market is segmented into B2B and B2C. The B2B segment represented about 68.3% of total sales in 2020. The use of wine, cooked in restaurants, haute cuisine and other similar establishments, has gained popularity due to the growing preference for gourmets. Most cooks use it for dipping or preparing soups, stews, and sauces. The B2C sector is foreseen to expand with the fastest annual growth rate of 3.9% from 2022 - 2027 as millennials' interest in cooking exotic foods in their kitchens increases.

Cooking Wine Market Regional Analysis:

  • North America - the United States and Canada

  • Europe - United Kingdom, Spain, Germany, Italy, and France

  • The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia

  • Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM

  • The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

North America earned $ 94.4 million in 2020 and is foreseen to grow at an annual average of 3.5% from 2022 - 2027. The growing interest in foodies is expected to drive the regional Cooking wine market. North American consumers are becoming increasingly aware of wine cooking, and the benefits of wine cooking and the Cooking wine market are in the early stages of growth in the region. Therefore, it has great potential for the Cooking wine market. The Asia Pacific region is expected to expand with the fastest CAGR of 4.1% from 2022 - 2027. This is due to the increased use of makgeolli for cooking. Countries such as India, Japan, Switzerland, China and New Zealand are traditional users of cooking with wine and a growing number of consumers. These countries are creating huge opportunities for the global Cooking wine market. Europe is the most prominent region in the Cooking wine market, and consumers in the European Union are always known for setting new trends in food and beverages and for inventing recipes. These consumers are very fond of Cooking wines that are driving the growth of the global market.

Cooking Wine Market Key Players in the Market:

Major Key Players in the Global Cooking Wine Market are

  1. World Finer Foods

  2. Mizkan America, Inc

  3. RecipeTin Eats

  4. Roland Foods, LLC

  5. Kame

  6. Goya Foods, Inc

  7. Kedem Food Products

  8. Kikkoman Sales USA, Inc

  9. Ecovinal SL

  10. Batory Foods

  11. LinChen Inc

  12. Gourmet Classic Ltd

  13. AAK AB and Marina Foods, Inc

 

 

1. Introduction                          

          1.1 Market Definition                 

          1.2 Scope of the report              

          1.3 Study Assumptions              

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                     

          2.1 Analysis Design         

          2.2 Research Phases                  

                   2.2.1 Secondary Research 

                   2.2.2 Primary Research     

                   2.2.3 Data Modelling        

                   2.2.4 Expert Validation     

          2.3 Study Timeline           

3. Report Overview                    

          3.1 Executive Summary              

          3.2 Key Inferencees         

4. Market Dynamics                   

          4.1 Impact Analysis         

                   4.1.1 Drivers

                   4.1.2 Restaints      

                   4.1.3 Opportunities

          4.2 Regulatory Environment                 

          4.3 Technology Timeline & Recent Trends                

5. Competitor Benchmarking Analysis                      

          5.1 Key Player Benchmarking               

                   5.1.1 Market share analysis        

                   5.1.2 Products/Service     

                   5.1.3 Regional Presence   

          5.2 Mergers & Acquistion Landscape              

          5.3 Joint Ventures & Collaborations                

6. Market Segmentation                       

          6.1 Cooking Wine Market, By Product             

                   6.1.1 Red    

                   6.1.2 White  

                   6.1.3 Dessert

                   6.1.4 Market Size Estimations & Forecasts (2022 - 2027)      

                   6.1.5 Y-o-Y Growth Rate Analysis        

                   6.1.6 Market Attractiveness Index        

          6.2 Cooking Wine Market, By Application                  

                   6.2.1 B2B    

                   6.2.2 B2C    

                   6.2.3 Market Size Estimations & Forecasts (2022 - 2027)      

                   6.2.4 Y-o-Y Growth Rate Analysis        

                   6.2.5 Market Attractiveness Index        

7. Geographical Landscape                  

          7.1 Global Identity Governance and Administration Market, by Region               

          7.2 North America - Market Analysis (2018 - 2024)           

                   7.2.1 By Country    

                             7.2.1.1 USA

                             7.2.1.2 Canada

                   7.2.2 By Product    

                   7.2.3 By Application

          7.3 Europe            

                   7.3.1 By Country    

                             7.3.1.1 UK

                             7.3.1.2 France

                             7.3.1.3 Germany

                             7.3.1.4 Spain

                             7.3.1.5 Italy

                             7.3.1.6 Rest of Europe

                   7.3.2 By Product    

                   7.3.3 By Application

          7.4 Asia Pacific                

                   7.4.1 By Country    

                             7.4.1.1 China

                             7.4.1.2 India

                             7.4.1.3 Japan

                             7.4.1.4 South Korea

                             7.4.1.5 South East Asia

                             7.4.1.6 Australia & NZ

                             7.4.1.7 Rest of Asia-Pacific

                   7.4.2 By Product    

                   7.4.3 By Application

          7.5 Latin America            

                   7.5.1 By Country    

                             7.5.1.1 Brazil

                             7.5.1.2 Argentina

                             7.5.1.3 Mexico

                             7.5.1.4 Rest of Latin America

                   7.5.2 By Product    

                   7.5.3 By Application

          7.6 Middle East and Africa          

                   7.6.1 By Country    

                             7.6.1.1 Middle East

                             7.6.1.2 Africa

                   7.6.2 By Product    

                   7.6.3 By Application

8. Key Player Analysis                          

          8.1 World Finer Foods                

                   8.1.1 Business Description

                   8.1.2 Products/Service     

                   8.1.3 Financials     

                   8.1.4 SWOT Analysis        

                   8.1.5 Recent Developments        

                   8.1.6 Analyst Overview    

          8.2 Mizkan America, Inc             

          8.3 RecipeTin Eats           

          8.4 Roland Foods, LLC               

          8.5 Kame              

          8.6 Goya Foods, Inc         

          8.7 Kedem Food Products          

          8.8 Kikkoman Sales USA, Inc                

          8.9 Ecovinal S                  

          8.10 Batory Foods           

9. Market Outlook & Investment Opportunities                   

Appendix                        

          List of Tables         

          List of Figures                 

  1. Global Cooking Wine Market By Region, From 2022 - 2027 ( USD Billion )

  2. Global Cooking Wine Market By Product, From 2022 - 2027 ( USD Billion )

  3. Global Red Market By Region, From 2022 - 2027 ( USD Billion )

  4. Global White Market By Region, From 2022 - 2027 ( USD Billion )

  5. Global Dessert Market By Region, From 2022 - 2027 ( USD Billion )

  6. Global Cooking Wine Market By Application, From 2022 - 2027 ( USD Billion )

  7. Global B2B Market By Region, From 2022 - 2027 ( USD Billion )

  8. Global B2C Market By Region, From 2022 - 2027 ( USD Billion )

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