The global wine barrel market is expected to witness significant growth over the forecast period. A barrel is a hollow cylindrical container traditionally made of wooden planks bound by wooden or metal hoops. The term “wine barrel” is also used for any barrel that stores spirits such as “brandy” or “burgundy”. A barrel essentially does two things. Firstly, it allows a very slow introduction of oxygen into the wine; and imparts the character of wood into the wine.
The wine barrel is majorly used for the aging of wine. After the fermentation of wine, it gets stored in the barrel for sedimentation of large solid particles and makes it smooth. While the aging process, various flavors are imparted to wine as it goes through various chemical changes. Wine barrels last for up to 100 years. While the aging of wine in barrels usually gets the 50% extract that the barrel has on the first use, it gets decreased simultaneously as per the further utilization.
The global wine barrel market is segmented on the basis of the type of oak wood, type of wine processed, toast level of oak wood barrel, and region. On the basis of the type of oak wood, the global market is classified into French oak wood, American oak wood, Eastern oak wood. These are different kinds of wine barrels used in the preparation of wine. The taste and flavor of the wine changes according to the type of barrel used.
French Oak wood contains the highest tannin of the oak types. The barrels made up of French oak wood are termed as good quality barrels that produce the best quality wine. Oak wood increases the flavor of wine by releasing some typical flavors like vanilla, butter, and spice into the wine. American oak barrels exist in both the sizes and can hold all types of wine. Hungarian and Eastern European oak is the same type of oak tree as French Oak. European oak barrels are being used at wineries for oaking wine. The choice for Eastern European oak is because it’s remarkably similar to French oak, but the cost is much less.
On the basis of the type of wine processed, the global market is classified into red wine and white wine. On the basis of the toast level of oak wood, the global market is classified into untoasted, light toast, medium toast, and heavy toast. For more color, flavor, and aroma to wine, the inside of a barrel is often "toasted" to variable degrees. The more burned the barrel, the more flavor, and character it will release. Geographically, the global market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North America accounted for the largest market share of the wine barrel market and is expected to remain dominant over the forecast period from 2014 to 2025. This is due to the rapidly growing parent market of wine in North America. Europe is the second largest region to account for the maximum market share of the overall market and has also registered a significant growth rate in terms revenue due to increasing demand for wine.
Latin America and Asia Pacific are also contributing to the market shares. MEA is at a promising stage in the global wine barrel market and expected to register healthy growth over the forecast period by 2025. The key players of the global market are OENEO, Francois Freres, THE BARREL MILL, Seguin Moreau Napa Cooperage, StaVin Inc., G & P Garbellotto S.p.A., Barry's Barrels, Canton, Bouchared Cooperages Australia PTY. Ltd. and Nadalie Australia. The key players from North America and Europe have contributed to the major share to the market in terms of revenue and volume.
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FDA, in particular, has relaxed the nutrition labeling of products which is expected to aid in increasing the distribution of packaged foods by restaurant operators leading to the optimum supply chain of products to consumers. Furthermore, food safety testing and processing industries are expected to function at full capacity owing to consumers stock-piling goods during the COVID-19 lockdown. The report will account for Covid19 as a key market contributor.