According to a new research study by Future Market Insights (FMI), the wine crusher market is anticipated to expand at a CAGR of 3.7% during the forecast period. The market is likely to surpass US$ 1,729.2 Mn in 2023 and FMI predicts a valuation of nearly US$ 2,486.8 Mn by 2033.
Increasing demand for wine across the globe and high spending capacity on premium alcoholic beverages are likely to bode well for the global market. Also, the increasing number of travel and tourism packages provided by agencies that include serving alcoholic beverages is projected to drive demand.
Many social media influencers and celebrities are also launching their own wine lines, which would act as a major growth driver for the global market. In December 2022 for instance, Kylie Minogue, a popular Australian singer and songwriter, introduced a new chardonnay and pinot noir through her Wines by Kylie Minogue label in partnership with De Bortoli Wines. The actress is aiming to strengthen her label’s position in the Victorian wine market.
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Similarly, In March 2021, for instance, Nina Dobrev and Julianne Hough, entrepreneurs and best friends, unveiled an exclusive collection of premium vegan- & keto-friendly, gluten-free, low-calorie, and low-carb wines. It is a collection of creamy, crispy, and bold wines that embody warmth and health. Thus, increasing launch of new wine collections by renowned actresses and popular personalities would drive sales of wine crushers in the next ten years.
Key Takeaways from the Wine Crusher Market
- Germany is likely to account for a share of about 5% in the global market for wine crushers by 2033.
- The China wine crusher market is projected to grow at a CAGR of around 5% over the next ten years.
- In the historical period (2018-2022), the global wine crusher market exhibited a CAGR of 9% and reached US$ 1,377.1 Mn in 2018.
- In 2033, the global wine crusher market is expected to reach a valuation of US$ 2,486.8 Mn.
- The wine crusher industry is expected to rise at a CAGR of 7% in the evaluation period.
Competition Landscape: Wine Crusher Market
The global wine crusher market has a highly competitive landscape. Key companies in the market are spending huge sums in research and development activities, as well as joining hands with major wine manufacturing companies to co-develop innovative products. Small-scale companies are striving to enter the market by offering cost-effective products with unique features.
EnoItalia, WineXpert, WineEnthusiast, Eppelsheimer, Zambelli, Lasotherm Technologies, Alphatech Process Equipments are expected to be the top players driving the global market.
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Get Valuable Insights into the Wine Crusher Market
FMI, in its new offering, provides an unbiased analysis of the wine crusher 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 crushers based on product type (stand-alone machines, integrated machines), mode of operation (electric, manual), application (home use, commercial use), and region.
About the Food and Beverage Division at Future Market Insights
Expert analysis, actionable insights, and strategic recommendations – the food and beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food processing equipment industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
Wine Crusher Market Outlook by Category
By Product Type:
- Stand-Alone Machines
- Integrated Machines
By Mode of Operation :
- Electric
- Manual
By Application :
- Home Use
- Commercial Use
By Region :
- North America
- Latin America
- Asia Pacific
- Eastern Europe
- Western Europe
- Japan
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Frequently Asked Questions
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About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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