Wine Barrel Market Key Opportunity, Analysis, Growth, Trends 2029

Worldwide sales of wine barrel are projected to reach the value of ~US$ 4 Bn by the end of 2019. In terms of demand, wineries and spirit producers are prominent users in the global wine barrel market. In developing markets, newly entered brands are assisting consumers in finding unknown wine and beverage alcohol products as well as locally generated flavors to create a remarkable growth of the wine barrel market.

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The global wine barrel market will register a healthy CAGR during the forecast period, 2019–2029. The demand for wine barrel continues to rise on broader accessibility, owing to rising consumption of wine and related products due to health benefits as these help enhance mental health and heart condition and protect against formation of cancer cells in human body.

Key Takeaways — Wine Barrel Market Study

  • Since the last decade, the wine barrel market has become fruitful in Europe, especially in France, Germany, and Italy, due to strong sales of spirit and wine barrel in the U.S. market.

With superior alternatives cropping up in the market, manufacturers must focus on rebranding their products and position themselves ahead of competitors to capture a significant market share.

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Emergence of Stainless Steel Barrels and Tanks as Alternative

Over the last few years, stainless steel wine barrels are precisely design and develop by manufacturers to meet the need of winemakers in all stages of development, fermentation, maturation, and storage of wine. The actual duration in the usage of oak wine barrel by winemakers is three to five years. Once the functional properties of the barrel reduces, winemakers have to dispose used barrels. However, stainless steel barrels are portable, durable, reusable, easy to clean, and maintain.

From the profitability point of view, winemaking is getting costlier day by day. Therefore, wineries are aging their wine in stainless steel barrels and tanks progressively. When the less oaky wines are needed, winemakers use oak wine barrel alternatives in the form of chips, powder, and blocks. Stainless steel is considered as sustainable alternatives to wine barrel as it is one of the world’s most widely recycled material.

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