The global wine barrel market is poised for significant expansion, with forecasts indicating a robust CAGR of 4.3% during the projected period. From a market value of US$ 4.2 billion in 2024, the wine barrel industry is anticipated to soar to US$ 6.4 billion by 2034, reflecting evolving consumer preferences and industry trends. Market Dynamics …
Tag Archives: Wine Barrels Market Demand
Wine Barrel Market to Expand at Over 4.8% CAGR during the forecast period 2022 – 2029
The wine barrels market is estimated to value at US$ 4.1 billion in 2022 and is projected to reach US$ 5.7 billion by 2029, at a CAGR of 4.8% during the forecast period. In terms of demand, wineries and spirit producers are prominent users in the global wine barrel market. In developing markets, newly entered …