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The Asia Pacific Cooking Wine Market would witness market growth of 7.1% CAGR during the forecast period (2021-2027).
A regular dose of wine as an ingredient is incorporated in different recipes of cakes and desserts. The dose of these ingredients helps in improving the overall appearance of the cake that decreases the fat content and includes a complementary flavor. Also, the utilization of port wine in baked fruit dishes assists in including sweetness. Marshmallows, cherry compote pavlova, Riesling apple cake, hot chocolate, citrus cake, truffles, and chiffon cake are some of the popular red wine desserts.
Along with improving the taste, cooking alcoholic ingredients in food provides various health advantages, hence leading to low rates of cancer and better digestion. The alcohol content of some cooking wines can increase the percentage of high-density lipoprotein, which is good for the body. Moreover, the cooking wines have a high content of polyphenols which are regarded as natural compounds that protect blood vessels and assist in the reduction of inflammation. Furthermore, it is also known to reduce systolic as well as diastolic blood pressure. These advantages of cooking wines are anticipated to create lucrative growth opportunities for the cooking wine market during the forecasting market.
Growing awareness about the inclusion of wines to improve the aroma and flavor of food dishes like meat, poultry, stew, vegetables, seafood, and sauces is supporting the growth & demand of cooking wines in the regional market. In addition, commercial cooking wines are not suitable for drinking and hence contain no or very low alcohol. However, low penetration in the under-developed countries of this region could hamper the regional market in the upcoming years.
Wines can be utilized in cooking with an aim to improve or balance both the aroma and the natural flavors occurring in food. They are quite different from traditional wines as they do not have salt and have a low shelf life once opened. Though, as the alcohol is eliminated during the cooking process, many people keep affordable white or red wines accessible for usage as cooking wines. These aspects are likely to contribute to the overall growth of the regional cooking wine market during the forecast years.
The White Wine market dominated the Malaysia Cooking Wine Market by Products in 2020, thereby, achieving a market value of $2,103.7 Thousands by 2027. The Dessert market is estimated to grow at a CAGR of 8.1% during (2021 - 2027). Additionally, The Red Wine market is expected to witness highest CAGR of 9.6% during (2021 - 2027).
Based on Products, the market is segmented into White Wine, Dessert, Red Wine and other products. Based on Application, the market is segmented into B2B and B2C. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AAK AB, The Kroger Co., Stratas Foods, Batory Foods, Inc., Iberica Export, LinChen, Inc., Marina Foods, Inc., and Ecovinal SL.
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