Single Serve Wine Market Forecasted to Climb from USD 483.1 Million in 2022 to USD 674.9 Million by 2032 at a 3.4% CAGR | Future Market Insights, Inc.

The single-serve wine market is expected to reach USD 483.1 Mn in 2022 and surpass USD 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.

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.

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.

Uncover all the data—grab the full report today.