According to the FMI report, the global wine processing equipment market is expected to grow from US$ 1.5 billion in 2023 to US$ 2.7 billion by 2033, with overall sales increasing at a CAGR of 6.2% over the forecast period.
Rising global consumption of various types of wine, particularly red wine and sparkling wine, is a major factor driving the global wine processing equipment market. People in countries such as the United States, France, and the United Kingdom include wine in their daily meals, prompting manufacturers to use advanced machinery. This will continue to boost the market until 2033.
Wine processing equipment is used to create wine from a variety of sources. They have grown in popularity over the last few decades as wine consumption has increased, and this trend is expected to continue during the forecast period.
Similarly, the growing need to increase productivity in wine manufacturing is expected to drive demand for wine processing equipment over the forecast period.
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Furthermore, increasing penetration of social media, developments in wine blends by allowing for novel flavour combinations to be explored, increase in the number of bars & lounges globally, and a proclivity toward club culture will help drive market demand during the next ten years.
Key Takeaways from the Wine Processing Equipment Market Study:
- By product type, the grape pressers & crushers segment is likely to hold the largest revenue share in the market in 2023.
- Based on application, red wine segment leads the global wine processing equipment market and the trend is likely to continue during the forecast period.
- North America and Europe collectively hold the largest share of the global wine processing equipment market.
- The U.S. wine equipment market is poised to grow at a CAGR of 5% during the next ten years.
- The U.K. wine processing equipment market size reached US$ 125 Mn in 2023 and it is expected to grow at a steady pace during the forecast period.
“The wine processing equipment market is expected to rise at a steady pace during the projection period owing to the rising consumption of various types of wine worldwide. Besides this, exploration of novel flavor combinations is likely to bode well for the market”, says a lead FMI analyst.
Who is Winning?
Criveller Group, Dt Pacific Pty. Ltd., G.W. Kent, Inc., Love Brewing Limited, Northern Brewer, aul Mueller Company, Inc., Grapeworks Pty Ltd., Vitikit Ltd, ARSILAC, BRIVE TONNELIERS, BUCHER VASLIN, TEC INOX, THEMAS, MH VINICOLE, CAZAUX ROTORFLEX, CAVE DE BISSEY, Cadalpe srl are some leading players operating in the global wine processin g equipment market.
Get Valuable Insights into Wine Processing Equipment Market
FMI, in its new offering, provides an unbiased analysis of the Wine Processing Equipment market presenting historical demand data (2018-2022) and forecast statistics for the period from (2023-2033). The study divulges compelling insights on the demand for Wine Processing Equipment based on Product Type (Grape Pressers & Crushers, Fermenter Tank, wine containers, Wine Tanks, Wine temperature control, and Wine Filtration), By End-Use Application (White Wine, Rose Wine, Red Wine Industry, Sparkling wine, Others), By Region (MEA, North America, Latin America, Europe, Asia Pacific, Oceania)
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Wine Processing Equipment Market by Category
By Product Type:
- Fermenter Tank
- Grape Pressers & Crushers
- Wine Tanks
- Wine temperature Control
- Wine Filtration
- Wine Containers
By End-Use Application:
- White Wine
- Rose Wine
- Red Wine Industry
- Sparkling wine
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Oceania
- MEA
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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