Future Market Insights has announced the addition of the “Wine Barrel Market: Global Industry Analysis and Opportunity Assessment 2016-2026" report to their offering.
Valley Cottage, NY -- (SBWIRE) -- 03/23/2017 -- A wine barrel is a hollow cylindrical container, traditionally made of Oak wood staves and bound with wooden or metal hoops. The wine barrel is majorly used for the aging of wine. After the fermentation of wine, it gets stored in the barrel for sedimentation of large solid particles and make it smooth. While the aging process, various flavors are imparted to wine as it goes through various chemical changes and allows a slow introduction of oxygen into the wine. Wine barrels are last for up to 100 years. While the aging of wine in barrels, usually gets the 50% extract that the barrel has on the first use and it gets decrease simultaneously as per the further utilization.
Wine Barrel Market: Dynamics
The global wine barrel market has expected to register the significant growth as a demand of wine is increasing globally over the forecast period. Use of oak wine barrels for aging the wine makes it rich in taste and quality which is leading factor drives for the growth of the global wine barrel market. The controlled oxidation takes place during the aging in the barrel and resulted into decreased astringency and increased colour and stability of wine over the use of other barrels made up of plastic and metals which also boost the global wine barrel market in terms of revenue and volume.
However, the many wine producers have started using alternative to oak wine barrels such as oak powders, chips and blocks in the normal metal vats of wine to give the essence of oak aromas and flavors which hampers the growth of the global wine barrel market. The prices of the oak wine barrels are increasing due to the difference between demand and supply, which can also restrain the growth of the global wine barrel market.
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Wine Barrel Market: Segmentation
The global wine barrel market has segmented on the basis of type of oak wood, type of wine processed, toast level of oak wood barrel and geographical region.
Based on type of oak wood, the global wine barrel market has segmented into:
French oak wood
American oak wood
Eastern oak wood
Based on type of wine processed, the global wine barrel market has segmented into:
Based on toast level of oak wood, the global wine barrel market has segmented into:
Wine Barrel Market: Regional Outlook
In terms of geography, the global wine barrel market has been divided into five key regions, including North America, Latin America, Europe, Asia-Pacific (APAC) and Middle East & Africa (MEA). The global wine barrel market has expected to register moderate growth over the forecast period. North America has contributed the major share to the global wine barrel market due to the rapidly growing parent market of wine in the North America. North America followed by Europe has also registered a significant growth rate in terms of revenue due to increasing demand of wine. Latin America and APAC are also contributing descent market shares to the global wine barrel market over the forecast period. MEA is at nascent stage in the global wine barrel market and anticipated to register the healthy growth over the forecast period.
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Wine Barrel Market: Major Players
Some of the key players of the global wine barrel market are OENEO, Francois Freres, THE BARREL MILL, Seguin Moreau Napa Cooperage, StaVin Inc., G & P Garbellotto S.p.A., Barry's Barrels, Canton, Bouchared Cooperages Australia PTY. Ltd. and Nadalie Australia.Various global companies are contributed descent growth to the global wine barrel market. The key players from North America and Europe has contributed major share to the wine barrel market in terms of revenue and volume.