The Global Cooking Wine Market size is expected to reach $405.1 Million by 2027, rising at a market growth of 6% CAGR during the forecast period. Cooking wines are manufactured with the aging of grapes, sherry, Marsala, rice, and among others. This wine is beneficial in the preparation of soups, ketchup, sausages, chicken, splits, and numerous dishes. Also, it has a low content of fat, calories, sodium; but is high in minerals, improving the flavor and presence of food. Wine dishes find potential application in non-vegan recipes & meals. Cooking wine is an ideal product to enhance the flavor of several dishes. It is highly popular for the innovative sweetness and high flavor that can be suitably combined with rich dishes like gourmet. Moreover, the food & beverage industry is witnessing high demand for cooking wine.
The growth of the cooking wine market is expected to be fueled by the globalization of cuisines because of the switching preferences towards conventional food cultures across various countries. In a similar manner, the awareness about the food, ingredients, cooking methods, and cuisines would be increased by the surge in the penetration of social media. Due to this, the hotel industry has been boosting its expenditure to include cooking wine in the authentic foods of several nations, such as South Korea, France, China, Italy, Japan, Spain, and Lebanon.
The outbreak of the COVID-19 pandemic and its related government steps to restrict mobility has significantly impacted the patterns and places of alcohol consumption. The closure of manufacturing units and other stringent conditions have created supply-chain disruption in the alcohol industry. Moreover, the global pandemic created awareness about the adverse effects of the consumption of alcohol and related products on health. In addition, the global population became aware of the fact that alcohol consumption lowers down the ability to fight against the COVID-19 pandemic.
However, the high availability of cooking wines on different eCommerce channels has motivated consumers to continue using the product. During the pandemic period, people tried experimenting with new food recipes by including cooking wines. Thus, the cooking wines had witnessed a modest growth during the pandemic period as people have a lot of free time and they tried & tested different food recipes.
Cooking wine is an emerging trend in the worldwide food & beverage industry. In addition, it is also gaining high traction among consumers. Cooking wine offers various health advantages to consumers in comparison to conventional cooking oil. Cooking wine finds a large number of applications in the making of sausage, soups, ketchup, and processed meat items, and its uses are increasing at a rapid pace.
Cooking ingredients such as vegetable and seed oil are conventional oils that are utilized for many years in cooking practices. The demand for cooking wine is generated by the shifting lifestyle patterns, changing food trends, and food preferences. Consumers are searching for low-fat cooking substances and cooking with wine is an emerging trend in the foodservice industry. The majority of the consumers are regarding cooking wine as a change and for new taste and flavor.
There are many under-developed countries in the world wherein individuals have low disposable income and they are also less educated about the new & emerging cooking concepts. Hence, cooking wines find low penetration in these countries, thereby hampering the growth of the overall cooking wine market. In addition, cooking wines should be managed with precision otherwise the whole food recipe could spoil, resulting in a bad experience among the consumers.
Based on Products, the market is segmented into White Wine, Dessert, Red Wine and other products. In 2020, the white cooking wine segment procured the maximum revenue share in the cooking wine market. The inclination towards consuming white cooking wine among consumers is contributing to the growth of this segment. In addition, these variants are utilized in risotto for adding acidity.
Based on Application, the market is segmented into B2B and B2C. The B2C segment would showcase the fastest growth rate during the forecast period. Factor such growing interest among the youth generation to cook exclusive food in their own kitchen is responsible for the growth of this segment. This is due to the free accessibility of various recipes on blog pages and social media. Moreover, cooking wine is available for sale in the market without a license, hence is highly available across the stores.
Report Attribute | Details |
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Market size value in 2020 | USD 252.2 Million |
Market size forecast in 2027 | USD 405.1 Million |
Base Year | 2020 |
Historical Period | 2017 to 2019 |
Forecast Period | 2021 to 2027 |
Revenue Growth Rate | CAGR of 6% from 2021 to 2027 |
Number of Pages | 133 |
Number of Tables | 256 |
Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
Segments covered | Products, Application, Region |
Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
Growth Drivers |
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Restraints |
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Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America emerged as the leading region in the cooking wine market in 2020. Moreover, the region is likely to display a promising growth rate during the forecast period. Factor such as the surge in the preference for gourmet food is responsible for the growth of the regional cooking wine market.
Free Valuable Insights: Global Cooking Wine Market size to reach USD 405.1 Million by 2027
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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