Wine Barrels Market

Wine Barrels Market Value and Growth Analysis(2023-2028):

Wine Barrels Market size is estimated at USD 4.85 billion in 2023 and expected to reach USD 6.16 billion by 2028, growing at a rate of 4.90 % CAGR.

Wine Barrels Market Overview:

Wine barrel provides the wine with minimal oxygen and also transfers the wood character to the wine. The barrels of wine are used primarily for wine ageing. The wine is preserved in a barrel after fermentation to dissolve large solid particles, which makes them sufficiently smooth. Various flavours are applied to the wine during the ageing process as it undergoes many chemical changes. Wine barrels last 100 years and the ageing of barrels takes 50% of the first use, and it slowly decreases with subsequent use. Increasing wine demand is one of the critical factors that drive wine barrel requirements worldwide. The barrels of Oak wine are ideal for aging as they enrich the quality and taste of wine. The wine barrel market thus grows considerably.The other significant factors contributing to the growth of the Wine Barrels market are rapid urbanization, increased acceptance of a healthier dietary lifestyle and growing environmental concerns. Increasing lifestyles such as diabetes, blood pressure and obesity, together with excessive conventional food waste drive Wine Barrels market worldwide.

Wine Barrels Market Insights:

A wine tin typically is a small, cylindrical barrel made of oak wood, bound with metal or wooden hoops. Such barrels are used during fermentation for the processing of wines. The barrels of oak are useful when the wine ages to improve its fragrance and taste. As such barrels contribute to improving wine quality, the market is continually increasing. The barrel of wine is used primarily for wine aging. After wine fermentation, it is preserved in the barrel and is made smooth for the sedimentation of large substantial sections. During the aging process, the wine is given different flavours, as it undergoes various chemical changes, up to 100 years of wine barrels last. Although aging wine in barrels typically obtains the 50% extract the first use of the bottle, the application is simultaneously decreased according to further use. The demand for Wine Barrels is anticipated to increase, boosting global market growth.

REPORT COVERAGE:

Wine Barrels Market Drivers and Restraints:

The wine barrels are used in the fermentation and ageing process of wine. The materials used in the winemaking process have a huge impact on the characteristic of the wine in terms of aroma.

With the ever-changing consumer choices and preferences, there has been an increase in demand for low-alcoholic drinks in the emerging economies which have propelled the wine barrel market forward. Consumers are becoming more conscious about their overall health and fitness. Alcoholic strength by volume (ABV) is the metric for calculating the percentage of alcohol in a drink. Drinks of between 0.05% and 1.2% with high-quality taste are considered low-alcoholic drinks. Consumers are opting for options that are lower in strength in nature. As a result, consuming fewer units of alcohol makes them adhere to the health recommendations. Growing health consciousness in consumers is a rising trend all over the world. According to a report by the International Wines and Spirits based in the United Kingdom, “Low- and No-Alcohol Report” a movement called “Dry January” movement taking place in the UK is a sign that health and wellness trends are gaining momentum across the world and providing new opportunities for the global beverage alcohol industry. Low-content alcoholic beverages such as wine are gaining popularity all over the world due to the low-calorie content, occasional applicability and rising health concerns amongst consumers. Media publications and advertisements have been vocal about the side effects of consuming alcohol on a habitual basis which has spread awareness about the adverse impacts of consuming alcohol and at the same time the health benefits of choosing low-alcoholic drinks, thereby, expanding the wine barrels market.

Restraints:

The oak wine barrels are the best category of barrels used for winemaking. However, their prices are high and are increasing over time. Alternatives to oak barrels are now being used such as blocks, powders and chips in normal metal vats to provide the aroma and essence of oak flavours. This poses a hindrance to the growth of the wine barrel market at present. There is a huge market for health-conscious consumers ready to be tapped who have an inclination toward low-content alcoholic drinks. Wine also has certain health benefits. It is rich in antioxidants and keeps the heart healthy to a certain extent by lowering bad cholesterol. The wine barrel market is showing a proclivity towards growth due to the rising demography of youth in the overall population of the world. There is also a trend of a growing number of wine enthusiasts who like exploring new tastes and categories of wine. The oak wine barrels are the most suited category of barrels for winemaking as they make the wine rich in quality and taste. However, the major challenge is that the prices of oak wine barrels are increasing over time due to the heightened difference between demand and supply. This poses a serious threat to the growth of the wine barrels market across the world.COVID-19 had a huge impact on the wine barrel market owing to the partial shutdown of bars, pubs, taverns, and restaurants. Wineries around the world were adversely affected by these temporary closures. The supply chains were disrupted too.

Wine Barrels Market Segmentation:

By Type of Oak Wood :

• French Oak

• American Oak

• Eastern Oak

By Type of Wine

• Red

• White

By Toasted Level

• Untoasted

• Light Toast

• Medium Toast

• Heavy Toast

The highest level of oak tannin is found in French oak wood. Oakwood contributes to the scent of wine by injecting into wine specific traditional tastes such as vanilla, butter and spice. There are American oak barrels in both sizes, and they can accommodate all wines. The same type of oak as French Oak is Hungarian and Eastern European Oak. For bodegas for oak wine European oak barrels are used. It is a remarkably similar option for Eastern European oak, but the price is much lower. The world market is divided into red wine and white wine based on the type of wine produced. The global market is categorized as unchanged, soft toast, moderate toast and heavy toast based on toast grades of oak wood. The interior of a barrel is often tasted to varying degrees for more colour, flavours and aromas of the wine. The more the barrel has been burned, the more it will release flavour and character. 

Wine Barrels Market Regional Analysis:

• North America

• Europe

• Latin America

• Asia Pacific

• Middle East and Africa

The largest share of the wine barrel market has been captured by North America and will remain dominant over the estimated 2019-2024 period. This is because of North America's rapidly growing wine market. Europe is the second-largest region to account for the highest market share due to growing wine demand and significant growth in income.

Wine Barrels Market Key Players:

1. OENEO

2. Francois Freres

3. THE BARREL MILL

4. Seguin Moreau Napa Cooperage

5. StaVin Inc.

6. G & P Garbellotto S.p. A.

7. Barry's Barrels

8. Canton

9. Bouchared Cooperages Australia PTY. Ltd

10. Nadalie Australia