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Thursday, December 8, 2022

Single Serve Wine to Witness US$ 674.9 Mn Market Opportunity as Consumption of High-Quality and Portable Beverages Grows | FMI

Last updated Thursday, October 20, 2022 17:25 ET , Source: Future Market Insights, Inc.

Newark, United States, 10/20/2022 / Future Market Insights, Inc. /

The single-serve wine market is expected to reach US$ 483.1 Mn in 2022 and surpass US$ 674.9 Mn by 2032, at a CAGR of 3.4% during the forecast period (2022-2032). Growth in the market is driven by the rising consumption of convenient and high-quality beverages across the globe. Increased adoption of single-serve wine is primarily due to the product’s versatility in application.

Small bottles are less expensive making them affordable for budget-minded consumers. Also, single serve wines are available in a wide variety of styles and flavors. Leading companies are adding even nuts and unique ingredients such as vanilla to woo the consumers. To keep up with the single-serve wine market trends, single serve wine market manufacturers are developing novel ways to incorporate this product into various processed foods.

Regionally, Europe is expected to be the most remunerative region during the forecast period in the single serve market. The demand in the region is attributed to growing consumption of wines along with the presence of renowned wineries in countries such as France, Belgium, and Italy. This is expected to fuel the demand in the single serve wine market.

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Key Takeaways:

  • Based on type, the red wine market segment is poised to expand at 4.2% CAGR in 2022.
  • White wine is expected to account for a market share of 7.4% in the global single serve wine market.
  • During the forecast period, the single serve wine market in the U.K. is expected to grow at a CAGR of 3.5%.
  • Germany single serve wine market is expected to account for a demand share of 24.1% over the upcoming decade.
  • The U.S. is expected to account for a share of 30.2% in the North America single serve wine market

“Single serve wine is a versatile product with a wide array of applications in a variety of recipes. From savory dishes to sweet desserts, single serve wine is used to make it more desirable. With rising health awareness and lactose intolerance, consumers are shifting towards single serve wine. Hence, key players are introducing organic and natural flavors to capitalize on the growing demand,” says a lead analyst at Future Market Insights.

Competitive landscape:

Top 5 manufacturers of single serve wine Wander + Ivy, Kim Crawford Sauvignon Blanc, Domaine Chandon Brut Rosé, 19 Crimes Red Blend, Union Wine Co., Pacific Rim – Eufloria, holding 20% to 30% single serve wine market share.

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Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of Single Serve Wine presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

The study provides valuable insight on the  Single Serve Wine market based on By Type(Red Wine, White Wine, Muscat Wine, Full–Bodied Wine, Riesling, Sauvignon Blanc), By Texture(Smooth, Course, Creamy , Waxy,  Silky ), By Container Type( Glass Bottle, Metal Can ), By Shape( Burgundy, Bordeaux, Alsace, Phone Valley, Provence, Jura,  Champagne), By Flavor( Blackberry, Blueberry,  Cherry, Cranberry, Fig, Plum, Raisin, Raspberry, Strawberry), By Nature(Organic, Conventional ), By Application (In –Store, Restaurant, Bar, Hotel )

Single serve wine Market by Category

By Type:

  • Red Wine
  • White Wine
  • Muscat Wine
  • Full Bodied Wine
  • Riesling
  • Sauvignon Blanc

By Texture:

  • Smooth
  • Course
  • Creamy
  • Waxy
  • Silky

By Container Type:

  • Glass Bottle
  • Metal Can

By Shape:

  • Burgundy
  • Bordeaux
  • Alsace
  • Phone Valley
  • Provence
  • Jura
  • Champagne

By Flavor:

  • Blackberry
  • Blueberry
  • Cherry
  • Cranberry
  • Fig
  • Plum
  • Raisin
  • Raspberry
  • Strawberry

By Nature:

  • Organic
  • Conventional

By Application:

  • In Store
  • Restaurant
  • Bar
  • Hotel

Browse Full [email protected] https://www.futuremarketinsights.com/reports/single-serve-wine-market

Frequently Asked Questions

  • How big is the single serve wine market?
  • At what rate is single serve wine market is expected to rise?
  • What is the North America single serve wine market outlook?
  • Which are the key countries driving demand for single serve wine market?
  • At what rate will the China single serve wine market grow?
  • At what rate will the Germany single serve wine market grow?
  • At what rate will single serve wine market demand grow in europe?
  • Who are the top 5 players operating in the market?
  • What is the demand outlook for the single serve wine market in 2032?

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.

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Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

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The post Single Serve Wine to Witness US$ 674.9 Mn Market Opportunity as Consumption of High-Quality and Portable Beverages Grows | FMI appeared first on Future Market Insights.

Original Source of the original story >> Single Serve Wine to Witness US$ 674.9 Mn Market Opportunity as Consumption of High-Quality and Portable Beverages Grows | FMI


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