NEW YORK, Sept. 17, 2021 /PRNewswire/ -- According to the latest market research report titled Cooking Wine Market by End-user (Households and Commercial) and Geography (Europe, North America, APAC, South America, and MEA) from Technavio, the market is expected to expand at a healthy CAGR of 8.63%. The growth can be mainly attributed to the surging growth of the wellness industry.
Impact of COVID-19
The cooking wine market will witness a positive impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, the market is likely to grow in 2021 when compared to 2020.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. In a bid to help players strengthen their market foothold, this cooking wine market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies. AAK AB, B and G Foods Inc., Batory Foods, De Vinco Co., ECOVINAL SL, Eden Foods Inc., Elegre Pty Ltd., Foshan Haitian Flavoring and Food Co. Ltd., LinChen Inc., and Marina Foods Inc. are some of the major market participants.
Although the increasing application and demand for cooking wine in the food industry, increasing use of online sales channels, and growing awareness regarding the health benefits of cooking wine will offer immense growth opportunities, adverse climatic conditions affecting wine production are likely to pose a challenge for the market vendors.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Cooking Wine Market 2021-2025: Segmentation
Cooking Wine Market is segmented as below:
Cooking Wine Market 2021-2025: Scope
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The cooking wine market report covers the following areas:
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Cooking Wine Market 2021-2025: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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SOURCE Technavio
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