FMI Study Projects Global Wine Fermentation Equipment Market Set to Gears Up for USD 2,173.3 Million Revenue by 2033, Riding a Steady CAGR of 4.0%

Posted on 2024-05-06 by Future Market Insights in Industrial // 0 Comments

The global wine fermentation equipment market is positioned for substantial expansion, showcasing a steadfast Compound Annual Growth Rate (CAGR) of 4.0%. From its initial valuation of USD 1,468.2 million in 2023, the market is anticipated to reach an impressive USD 2,173.3 million by 2033, marking a flavorful odyssey of progress on the global stage.

At the heart of this captivating trajectory lies the intricate and almost mystical process of wine fermentation—an alchemical transformation that elevates humble grape juice into the revered nectar of the gods. This awe-inspiring journey unfolds as the market experiences significant expansion from 2023 to 2033, driven by the extraordinary reaction wherein yeast, nature’s precision catalyst, adeptly consumes the sugars within grape juice. This transformative process yields both carbon dioxide and the sought-after elixir we recognize as alcohol, encapsulating the very essence of wine.

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Wine Fermentation Equipment Market Flourishing in the USA: Driven by Relaxed Trade Duties

The wine fermentation equipment market in the USA is poised for remarkable growth, with a projected CAGR of 38% over the next decade, according to insights from FMI. This surge in demand can be attributed to the enduring fascination with wine, acting as a driving force for manufacturers to innovate and introduce novel products.

Notably, the relaxation of trade duties and tariffs within the country is anticipated to further amplify the appeal of wine. The Wine Institute reports that wine consumption per capita in the USA stood at 3.18 gallons in 2021, showcasing a promising increase from the 3.07 gallons recorded in 2020.

Germany’s Surging Interest in Wine Fermentation Equipment: Fueled by Sensorial & Premium Brands

Germany stands at the forefront of Europe’s burgeoning wine production, witnessing a twofold growth. This growth can be attributed to a growing consumer inclination towards sustainable and health-conscious food and beverage products. FMI predicts a steady CAGR of 4.4% for the German wine fermentation equipment market during the evaluation period.

In Germany, wine consumption has become intertwined with a luxurious and affluent lifestyle, prompting consumers to seek diverse and distinctive tastes. This trend has prompted key players to introduce sensorial and premium brands, catering to the evolving preferences of German consumers.

China’s Emerging Role as a Thriving Hub for Wine Fermentation Equipment:

The wine fermentation equipment market in China is poised for rapid expansion, driven by factors such as flavor innovation and premiumization of wine products. FMI predicts a substantial growth trajectory for this market segment. Notably, the introduction of exclusive wines tailored to Chinese tastes and preferences is steering the growth of wine fermentation equipment sales.

In August 2022, Penfolds, a flagship Australian wine brand owned by Treasury Wine Estates, unveiled an exclusive wine offering for the Chinese market. The Penfolds Tribute 177, crafted from Californian grapes, was introduced exclusively at China’s VATS Liquor Store, a renowned national spirits and wine distributor.

The UK’s Dynamic Wine Fermentation Equipment Market: Embracing Innovation

The UK is anticipated to be a rapidly evolving market for wine fermentation equipment, as per FMI’s projections. This growth is being fueled by the growing demand for wine in diverse hospitality establishments, including cafeterias, hotels, quick-service restaurants, and full-service restaurants.

A prevailing trend among millennials and Generation Z is the penchant for premiumization, drawing long-term revenues for key players in the UK. The introduction of canned wine products by various wine-making companies in the country, offering enhanced convenience and portability, is further propelling market growth.

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Key Players:

Adamark air knife system
Agrovin
Criveller Group
DT pacific LTD.
G.W.kentinc.
LoeMueller Company Inc
Grapeworks Pty Ltd
Vitikit Ltd

Wine Fermentation Equipment Market Outlook by Category:

By Product:

Tank and Fermenters
Crushing and Pressing Equipment
Temperature Control Equipment
Filtration Equipment

By Application:

Commercial Kitchen
Household Kitchen
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa (MEA)

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Author:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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