Global organic wine market set to reach USD 107.56 billion by 2031
By Felicia Nwosu
The global organic wine market is poised for significant expansion, with projections indicating a rise to USD 107,561.79 million by 2031, growing at a robust compound annual growth rate (CAGR) of 15.9% from 2023 to 2031. Business Research Insights stated that this growth is driven by an increasing consumer preference for organic and sustainable products, along with the growing demand for premium wines.
According to a comprehensive industry report by Business Research Insights, the organic wine market spans multiple product types, including red, white, rosé, sparkling, dessert, and fortified wines. The report also highlights the expanding consumer base across various retail channels such as supermarkets, hypermarkets, specialist retailers, and online platforms.
Key players in the organic wine sector are intensifying competition through innovation, technology, and product diversification. Notable companies contributing to the market’s growth include Lapostolle, Emiliana Organic Vineyards, Treasury Wine Estates, and Grgich Hills Estate, among others. These companies are pushing the boundaries of organic winemaking while maintaining sustainability practices to meet the rising demand.
Regional growth patterns indicate a favorable outlook for North America, Europe, and Asia-Pacific, which are expected to remain key contributors to the market’s expansion. The impact of COVID-19, shifting consumer preferences, and evolving market dynamics will continue to influence industry trends moving forward.
The report offers a deep dive into market segmentation by type, application, and geography, providing valuable insights for businesses looking to optimize product development and marketing strategies. With an increasing number of consumers seeking organic options, companies in the organic wine space are positioned for significant opportunities in both established and emerging markets.
RECOMMENDED ARTICLES
Comment
No comments found.