Global Wine Barrel Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026

Global Wine Barrel Market Overview

"The global wine barrel market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."

The oak wine barrel is one of the most recognizable symbols associated with wine. Oak offers three key contributions to wine such as adding flavor compounds like aromas of vanilla, clove, smoke, and coconut. It allows the slow entrance of oxygen which makes wine taste smoother and less astringent and provides a suitable environment for certain metabolic reactions to occur which makes wines taste creamier. The size of the barrel is also important as it informs how much oak influence it will impart as wine and oak have similarities with one another. Oak matures a wine, making it soft on the palate.

Wine barrels enable the aging of wine and make them rich in quality and taste. The increasing demand for wine barrels owing to the continuously rising demand for wine across the globe is the key factor driving the growth of the global wine barrel market. In addition, low astringency and increased stability and color of wine are the additional features of wine barrels. This has resulted in increasing demand for the wine barrel market.

The market players are coming up with alternatives to oak wine barrels such as oak chips, powders, and blocks to give the essence of oak flavors and aromas to the wine.  Whereas, some market players are now producing multi-oak barrels, which are made with multiple kinds of oak. In addition, some winemakers have started using concrete tanks. The material is good for temperature control and also allows for the same kind of slow oxidation that oak barrels create, but without imparting any oak flavor.

The market in North America is expected to dominate the global wine barrel market owing to the rising patent market for wine. The North American market is followed by the Europe wine barrel market in terms of revenue owing to the rapidly increasing demand for wine in the region. Asia Pacific wine barrel market is expected to witness significant growth. In some countries in the Middle East & Africa, alcohol is prohibited, which is expected to act as a restrain to the global market in terms of growth.

Global wine barrel market segmentation:

Segmentation on the basis of type:

• French Oak
• American Oak
• Eastern European Oak

Segmentation on the basis of toast level type:

• Light Toast
• Medium Toast
• Medium Plus Toast
• Heavy Toast

Segmentation on the basis of region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa