Report : Asia Pacific Organic Wine Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Still and Sparkling), Packaging Type (Bottles and Can), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Direct Selling)
At 11.6% CAGR, the Asia Pacific Organic Wine Market is speculated to be worth US$ 2,445.12 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Asia Pacific organic wine market was valued at US$ 1,264.33 million in 2022 and is expected to reach US$ 2,445.12 million by 2028, registering an annual growth rate of 11.6% from 2022 to 2028. The increase in number of organic vineyards and growing wine consumption are the critical factors attributed to the market expansion.
Organic wine is made from grapes without any hazardous chemicals or artificial fertilizers. Amid growing health concerns among consumers and increasing focus on healthy living, organic wine consumption is gaining traction. As a result, the growing demand for organic wine has boosted the number of organic vineyards. Climate change, good government policies, and a focus on sustainable farming are a few significant factors driving the organic wine market. The demand for organic wine has been spurred by an increase in the population desiring healthier beverage options and disposable income. Organic food is in high demand in developed countries. Furthermore, favorable government rules promoting organic grape farming are contributing to market expansion. Organic vineyards are also increasing owing to the extension of wines and consumer interest. The growth has led to a more balanced distribution of vineyards. Further, favorable weather conditions, effective government initiatives, and a focus on sustainable agriculture, which is free from pesticides, are a few notable factors driving the growth of the organic wine market.
On the contrary, high production cost of organic wine compared to conventional wine hurdles the growth of Asia Pacific organic wine market.
Based on type, the Asia Pacific organic wine market is bifurcated into still and sparkling. The still segment held 92.0% market share in 2022, amassing US$ 1,163.04 million. It is projected to garner US$ 2,238.45 million by 2028 to expand at 11.5% CAGR during 2022–2028. The still segment is further sub-segmented into red, white, and rose.
Based on packaging type, the Asia Pacific organic wine market is bifurcated into bottles and cans. The bottles segment held 94.9% market share in 2022, amassing US$ 1,199.64 million. It is projected to garner US$ 2,317.32 million by 2028 to expand at 11.6% CAGR during 2022–2028.
By distribution channel, the Asia Pacific organic wine market is fragmented into supermarkets and hypermarkets, specialty stores, online retail, and direct selling. With 53.5% share of the domain, the direct selling segment dominated the market in 2022. It accrued US$ 676.34 million in 2022 and is estimated to generate US$ 1,347.39 million by 2028 to grow at a CAGR of 12.2% over the forecast period.
Based on country, the Asia Pacific organic wine market is categorized into Australia, China, India, Japan, South Korea, and the rest of Asia Pacific. Our regional analysis states that China captured 37.3% market share in 2022. It was assessed at US$ 472.10 million in 2022 and is likely to hit US$ 891.31 million by 2028, exhibiting a CAGR of 11.2% during the forecast period.
Key players dominating the Asia Pacific organic wine market are Avondale, Bronco Wine Company, EMILIANA ORGANIC VINEYARDS, Frey Vineyards, GRGICH HILLS ESTATE, Kendall-Jackson, Società Agricola Querciabella SpA, and The Organic Wine Company among others.
Contact Us
Contact Person: Sameer Joshi
Phone: +1- 646- 491- 9876
Email id sam@businessmarketinsights.com