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.
Single-serve wine is cost-effective and is available in a wide variety of flavors. Hence, preference for single-serve wine is expected to surge among millennials and Gen-Zs as they can purchase the product in different ranges without breaking the bank.
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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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
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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