Hogshead Barrel Market Size, Share, CAGR & Forecast Report for 2030

Wine is the third-largest segment of the globally consumable alcoholic drinks. Together, USA, France, Italy, Germany and China takes up around half (49%) of the world’s wine consumption. The hogshead barrel market has become mature in Europe, especially in France, Germany and Italy, due to strong sales in the US market.

However, Asia-Pacific is expected to witness rapid growth, during the forecast years. This is because the number of wine producers are increasing rapidly in China, India, and Japan, owing to increase in demand for premium wines and adoption of western lifestyle with rising disposable income driving the growth of wine consumption and eventually acting as a catalyst to increase the demand of hogshead barrels in the region.

The USA is still dominating the wine market, the country with the biggest wine consumption, 33 million hectoliters and even increasing in a healthy growth rate. Hogshead barrel orders from the US wineries continue to bolster French oak barrels market.

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Hogshead Barrel Market: Key Players

Some of the key players in the global hogshead barrel market are as follows:

  • TFF group
  • Seguin Moreau Napa Cooperage, Inc.
  • Tonnellery of Adour
  • StaVin Inc.
  • John Cooperage
  • Canton Cooperage, LLC
  • Billon Cooperage
  • Independent Stave Company

Hogshead Barrel Market: Key Developments

  • On January 2014, Seguin Moreau Napa Cooperage, Inc. acquires Fine Northern Oak, a specialized American oak alternatives company.
  • In 2019, Canton introduces with their new hogshead barrels, Canton five and 500 Puncheon. Also, the company is continuously participating in wine exhibitions to gain the customers attentions and to recognize through awards.

The report is a compilation of first-hand information, qualitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.

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Hogshead Barrel Market: Dynamics

Increasing urbanization, rise in disposable income, and changing lifestyle of consumers, especially in the emerging economies such as India, Brazil, and China, has resulted in more people inclining towards off-the-shelf alcohol consumption habits. Increasing penetration in the emerging economies is anticipated to be a key driver for the growth of the global hogshead barrel market.

Wine packaging manufacturers have witnessed increasing demand from countries such as India, where alcohol consumption has essentially doubled in the last two decades.

Furthermore, several health benefits related to consumption of wine is also expected to drive the hogshead barrel market. To meet the increasing demand, the players in the market have increased the production of barrels around the globe, and this is expected to continue during the forecast period.

Hogshead Barrel Market: Regional Outlook

Geographically, hogshead barrel market has been segmented as North America, Latin America, Europe, Asia Pacific and MEA. The Asia Pacific region is expected to register the healthy rate of growth in terms of wine consumption which in turn will boost the hogshead barrel market.

This is due to changing lifestyle standard of people with rising higher income group people. Many countries in Africa like South Africa is also registering strong growth of wine sales at retail outlets, and therefore, manufacturers of hogshead barrels are expected to emphasize on sales in the Africa, and Asia Pacific region.

Countries like Australia & China are the main wine producers in the region with Australia ranking 6th in the world’s wine production and accounting for almost 10% of the global wine production.

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Hogshead Barrel Market: Segmentation

On the basis of Oak Type, global hogshead barrel has been segmented as:

  • French Oak
  • American Oak
  • Eastern European Oak

On the basis of End Use, global hogshead barrel has been segmented as:

  • Wine
  • Beer (Ale, Cider, etc.)

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