Europe Cooking Wine Market By Products (White Wine, Dessert, Red Wine and other products), By Application (B2B and B2C), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
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Get in-depth analysis of the COVID-19 impact on the Europe Cooking Wine Market
Market Report Description
The Europe Cooking Wine Market would witness market growth of 5.7% CAGR during the forecast period (2021-2027).
Cooking wines find high utilization in cooking pan sauces. A dessert wine called Madeira is utilized to create a sauce for dishes which are bird-meat based. Crisp white wine is utilized to make the sauce for dishes with chicken, pork, and seafood. Red variants are utilized to prepare the sauce for dishes having mushrooms and steaks. In addition, spaghetti sauce is also made using these wines.
The growth of the cooking wine market is boosted by the rising trend of marinating with wine among modern cooks. Wine marinades are a concoction of acidity, spices, wine, herbs, and oil. It has been discovered that the utilization of cooking wine while marinating poultry, steak, and seafood helps in tendering and flavoring the meat. Besides, marinating vegetables with cooking wine is emerging as a new trend that is gaining traction in the market. Red cooking wine adds subtle flavors as well as marinates color to the dish. Other different kinds of cooking wine assist in incorporating smoky flavor or fruity freshness to the dish. Such a marinating process is regarded to be remarkably beneficial while cooking on a slow cooker, stove, or in the oven.
Various regional countries have been hit hard by the pandemic, people residing in this region experimented with their food and included cooking wines in order to enhance the taste & flavor. The players operating in the regional markets are launching new products based on the changing customers’ preferences, and requirements. These product launches have had a positive impact on the demand & growth of cooking wine across this region.
Cooking wine is regarded as an excellent alternative to utilize as it offers the wine flavor equipped in the food. Moreover, it is less costly than conventional wines and brings a lot of variety to sauces and roasts. Furthermore, the availability of the product on e-commerce portals as well as specialty stores across the region has aroused the interest of people towards the product, thereby creating lucrative growth opportunities for the players operating in the regional cooking wine market.
The Germany market dominated the Europe B2C Market by Country in 2020, thereby, achieving a market value of $10,616.4 Thousands by 2027. The UK market is exhibiting a CAGR of 5.1% during (2021 - 2027). Additionally, The France market is anticipated to witness a CAGR of 7.5% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Cooking Wine Market Size will Hit $405.1 Million by 2027, at a CAGR of 6%
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.
Scope of the Study
Market Segments Covered in the Report:
- White Wine
- Red Wine
- Other products
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- AAK AB
- The Kroger Co.
- Stratas Foods
- Batory Foods, Inc.
- Iberica Export
- LinChen, Inc.
- Marina Foods, Inc.
- Ecovinal SL
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