Tuesday, December 8th, 2020 - Premium Market Insights

North America is estimated to register the fastest CAGR in the market over the forecast period. North America is likely to account for a remarkable share of the organic wine market during the forecast period. Consumers in the North American countries are shifting their preferences toward a healthy lifestyle and prefer products that are naturally produced. The use of natural and chemical-free products has increased over the past few years due to rising awareness regarding the benefits associated with organic wine among health-conscious consumers.

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Key Players:

Avondale

The Organic wine company

Bronco Wine Company

King Estate Winery

Grgich Hill Estate

Frey Vineyards

The organic wine market in North America is expected to grow from US$ 1630.33 million in 2019 to US$ 3895.59 million by 2027; it is estimated to grow at a CAGR of 11.6% from 2020 to 2027. Organic wine is made without using prohibited substances or genetic engineering. It undergoes the same rigorous requirements of USDA organic certification as other products throughout its lifecycle. Further, in addition to being overseen by the USDA National Organic Program, it has to meet the requirements of the Alcohol and Tobacco Tax and Trade Bureau, especially for sulfite labelling requirements. Before wine can be sold as organic, both the growing of the grapes and their conversion to wine must be certified.

COVID 19 has impacted the major countries of North America. Most of the countries in the region are under lockdown, which is impacting the organic wine market. The US has the highest number of confirmed cases of the COVID-19 infection among all North American countries. This is likely to impact the food and beverages industry in the region, mainly due disrupted supply and distribution chains.

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Market Segmentation:

In terms of packaging, the glass bottle segment accounted for the largest share of the North America organic wine market in 2019 In terms of packaging, red organic wine held the largest market share in 2019. In terms of distribution channel, supermarkets and hypermarkets account for the largest share of the North America organic wine market.

Across the globe, several regions like North America, Latin America, Asia-Pacific, Europe, and Africa have been studied on the basis of sale and profit margin. Some significant key players have been profiled to get informative data to make informed decisions in the businesses. It makes use of info graphics, graphs, charts, tables, and pictures. For an effective and accurate business outlook, the report on the global Organic Wine Market examined details of the changing trends adopted by the top level companies.

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Keywords

North America Organic Wine Market Global Industry Analysis, Size, Share, Future Growth, Trends and Forecast 2020-2027

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