According to a new report Global Cooking Wine Market, published by KBV research, 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.
The dessert variant segment would display the fastest growth rate in the cooking wine market during the forecasting market. Sherry, Port, Marsala, and Madeira are some of the popular forms utilized for cooking. Fortified wine can be stored on the kitchen shelf for at least a year with a minimized reduction in quality. Sherry-glazed chicken and Madeira mushrooms are some of the well-known dishes cooked with these dessert variants.
The B2B segment acquired the highest revenue share of the cooking wine market in 2020. The surge in the preference for gourmet food would fuel the utilization of cooking wine in fine dines, restaurants, and other similar eateries. The majority of the chefs are frequently witnessed utilizing it while preparing or marinating soups, sauces, and stews.
Asia-Pacific is anticipated to showcase the fastest growth rate in the cooking wine market during the forecasting period. This is due to the surge in the utilization of rice wine for cooking uses. In order to marinate and tender seafood & meat and give flavor to the food, the consumers residing in the region utilize this cooking wine.
Full Report: https://www.kbvresearch.com/cooking-wine-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of AAK AB, The Kroger Co., Stratas Foods, Batory Foods, Inc., Iberica Export, LinChen, Inc., Marina Foods, Inc., and Ecovinal SL.
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