Deerfield Beach, FL -- (SBWIRE) -- 06/23/2017 -- Zion Market Research, the market research group announced the analysis report titled 'Wine Barrels Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts, 2016–2024

Global Wine Barrels Market: Overview

A wine barrel is traditionally made of oak wood staves, bound with metal or wooden hoops and is hollow and cylindrical in shape. These barrels are used for the storage of wines after their fermentation. The oak barrels are used to elevate the aroma and flavor of the wine during the aging process. As these barrels help to increase the quality of the wine, the demand for them is rising steadily.

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Global Wine Barrels Market: Segmentation

The global wine barrel market is segmented into the type of wine processed, oak wood type, toast level of the wood barrel, and geography. On the basis of the type of wine processed, the market is segregated into white wine and red wine. Based on the oak wood type, the global wine barrel market is divided into the Eastern oak wood, American oak wood, and French oak wood. On the basis of toast level of oak wood, the market is classified into heavy toast, medium toast, light toast, and untoasted. Based on geography, the market is diversified into North America, Asia-Pacific, Latin America, Europe, and the Middle East and Africa.

Global Wine Barrels Market: Growth Factors

The wine barrel is a growing market owing to the ever-increasing demand for wine all over the world. Wine barrels are helpful for aging the wine as it makes them rich in quality and taste which is leading factor to the growth of the market. Decreased astringency and increased stability and color of wine are the added features when wine barrels are used to store the wine. This has resulted in an increased demand for the wine barrels market. However, instead of oak wine barrels, the manufacturers have started using alternatives such as oak chips, powders, and blocks to give the essence of oak flavors and aromas to the wine. This will adversely affect the demand for oak wine barrels. Also, the high prices of the barrels may hamper the market growth.

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Global Wine Barrels Market: Regional Analysis

The largest share of the wine barrels market is held by North America. This growth can be attributed to the rapidly growing market of wine in the North America. The U.S. and Canada are the major contributors of this region. Following the growth in North America is Europe mainly due to the increasing demand of wine in this region as well. Asia Pacific and Latin America are also providing decent share to the market growth. Growth in the Middle East and Africa is in the budding stage and will soon record steady growth in the coming years.

Global Wine Barrels Market: Competitive Players

Some of the major market players in the global wine barrel market include Francois Freres, Oeneo, Seguin Moreau Napa Cooperage, The Barrel Mill, G & P Garbellotto S.p.A., StaVin Inc., Canton, Barry's Barrels, Nadalie Australia, and Bouchared Cooperages Australia PTY. Ltd.

Global Wine Barrels Market: Regional Segment Analysis: North America(US), Europe(Germany, France, UK), Asia Pacific(China, Japan, India)Latin America(Brazil, Middle East, Africa)

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