Report : Europe 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 12.1% CAGR, the Europe Organic Wine Market is speculated to be worth US$ 16,756.09 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe organic wine market was valued at US$ 8,458.60 million in 2022 and is expected to reach US$ 16,756.09 million by 2028, registering an annual growth rate of 12.1% from 2022 to 2028. The increasing focus on developing high-quality and innovative products and growing number of organic vineyards are the critical factors attributed to the market expansion.
The rise in wine consumption has resulted in the creation of high-quality, creative goods. The popularity of organic and natural food products has grown among various customers, such as millennials. People's farming practices are gradually shifting from chemical-based methods to more traditional organic methods. This trend has resulted in a surge in demand for organic products, propelling the organic wine industry. Wine consumption is becoming more popular in developed countries, which is fueling market expansion. Moreover, organic wine packaging has become an innovative way to attract customers. Traditional glass bottles are replaced with organic recyclable bottles, such as recycled glass bottles, recycled PET bottles, and flat plastic bottles, that not only improve the shelf life of the wines but are also environmental-friendly. Several participants in the organic wine industry are increasingly focusing on research and development operations to assess the composition of the ground and determine nitrogen, potassium, and phosphorus content. Many other companies are also committing resources to create an ideal ecosystem that will allow vines to thrive without the need for chemicals. In recent years, European winemakers have become increasingly interested in making wine with autochthone yeast. Manufacturers have been concentrating on producing sulfur-free, yeast-free organic wines that are entirely handcrafted. Leading market players have developed innovative natural wine processing procedures to ensure that the wines produced are of high quality and taste. For instance, Avondale has established itself as a leader in the organic wine, and the companies uses bio-fertilizers for the production of organic wine, with the increase in organic wine company is opting new strategies to meet the demand for organic wine.
On the contrary, high production cost of organic wine compared to conventional wine hurdles the growth of Europe organic wine market.
Based on type, the Europe organic wine market is bifurcated into still and sparkling. The still segment held 89.3% market share in 2022, amassing US$ 7,551.90 million. It is projected to garner US$ 14,860.65 million by 2028 to expand at 11.9% CAGR during 2022–2028. The still segment is further sub-segmented into red, white, and rose.
Based on packaging type, the Europe organic wine market is bifurcated into bottles and cans. The bottles segment held 92.8% market share in 2022, amassing US$ 7,848.61 million. It is projected to garner US$ 15,517.54 million by 2028 to expand at 12.0% CAGR during 2022–2028.
By distribution channel, the Europe organic wine market is fragmented into supermarkets and hypermarkets, specialty stores, online retail, and direct selling. With 46.5% share of the domain, the direct selling segment dominated the market in 2022. It accrued US$ 3,933.31 million in 2022 and is estimated to generate US$ 8,029.29 million by 2028 to grow at a CAGR of 12.6% over the forecast period.
Based on country, the Europe organic wine market is categorized into Germany, France, Italy, the UK, Spain, Sweden, Russia, and the rest of Europe. Our regional analysis states that the rest of Europe captured 33.8% market share in 2022. It was assessed at US$ 2,862.89 million in 2022 and is likely to hit US$ 5,274.97 million by 2028, exhibiting a CAGR of 10.7% during the forecast period.
Key players dominating the Europe organic wine market are Avondale, Bronco Wine Company, ELGIN RIDGE WINES, EMILIANA ORGANIC VINEYARDS, Frey Vineyards, GRGICH HILLS ESTATE, Kendall-Jackson, Società Agricola Querciabella SpA, and The Organic Wine Company among others.
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