Fruit Wine Market to Reach US$ 2,486.7 Million by 2034 Amid Growing Production from Dragon Fruit and Passion Fruit | Future Market Insights, Inc.
Anticipated Surge Rapid Rise in Fruit Wine Demand Driven by Changing Consumer Preferences. Artisanal Trends and Market Analysis Provide Strategic Insights for Growth in the Global Fruit Wine Market.
NEWARK, Del, Jan. 08, 2024 (GLOBE NEWSWIRE) -- The global fruit wine market is projected to reach a valuation of around *US$ 921.0 million* in 2024. It is estimated to attain a valuation of *US$ 2,486.7 million* by 2034. The market for fruit wines is anticipated to expand at a CAGR of *10.4%* over the forecast period 2024 to 2034.Fruit wine offers a broad range of tastes, scents, and hues to satisfy customers' changing tastes. Fruit wines can be alcoholic, with alcohol levels similar to grape wine, typically ranging from 10 to 15% ABV. They can also be non-alcoholic, offering options for consumers with different preferences.
The global fruit wine market continues to expand steadily, propelled by the rising appeal of craft brews. The need for distinctive & tasty alcoholic beverages and the growing inclination among consumers to choose natural & healthier solutions would also bolster sales.
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The growing popularity of exotic fruit wines is further anticipated to accelerate demand. As consumers explore diverse flavor profiles and experiences, they are embracing fruit wines made from lesser-known fruits such as lychee, guava, passion fruit, and dragon fruit. These exotic variants offer a unique taste and aroma, providing a novel drinking experience.
The demand for fruit wine is expected to continue growing during the forecast period. This is due to the rising consumer interest in natural and organic products, which has positively impacted the demand for fruit wines made from high-quality, pesticide-free fruits. Also, the increasing popularity of exotic flavors and unique taste experiences has contributed to the spurring demand for fruit wines.
*Key Takeaways from the Report:*
· The global fruit wine market is expected to reach a valuation of *US$ 2,486.7 million* by 2034.
· The United States is projected to witness a CAGR of *10.0%* in the forecast period.
· Germany is expected to reach a valuation of *US$ 273.54 million* by 2034.
· The United Kingdom holds a significant *13.0%* share in the global fruit wine market.
· By product type, the apple wine segment is anticipated to hold a share of *25.3%* in 2024.*“Growing customer desires for healthier and more varied beverage options can be the reason behind the rising demand for fruit wine. A growing portion of the market finds fruit wines to be an intriguing and refreshing option due to their colorful and fruity characteristics, which cater to consumers who are health-conscious and seek delicious alternatives to traditional wines,”* - Nandini Roy Choudhury, Client Partner at Future Market Insights
*Competitive Landscape: *· Accolade Wines
· Trinchero Family Estates
· Field Stone Fruit Wines
· Lyme Bay Winery
· Cairn o' Mohr
· Accolade Wines
· Wine That's Fruit
· Celtic Country Wines
· Bruntys
· Wildberry Beverages Pvt. Ltd.
· Hill Zill Wines Pvt. Ltd.are a handful of the leading players operating in the market.
Businesses can maintain their competitiveness and adapt to the needs of their customers by introducing new products. By doing this, they would be able to expand their market share while bringing in new clients and keeping hold of current ones.
*For instance, *
· In 2023, *Accolade Wines* launched a new range called Jam Shed Fruits. It comes in two flavors: Rhubarb & Strawberry and Black Forest Mess. The brand aims to cater to the gap in the wine category with a fruity offering and has been well-received by consumers
· In 2021, *Sutter Home Family Vineyards* released a new 7.5% ABV line called Sweer Infusions. It contains fruit juice and natural flavors. The range comprises Wild Berry, Tropical Pineapple, and Sweet Peach. The California-based winery was acquired by Trinchero in 1948 and has a history of producing sweet wines.
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*Fruit Wine Market Outlook by Category:*
*By Product Type:*
· Apple Wine
· Pear Wine (Perry)
· Cherry Wine
· Strawberry Wine
· Blueberry Wine
· Blackberry Wine
· Raspberry Wine
· Elderberry Wine
· Plum Wine
· Peach Wine
· Apricot Wine
· Currant Wine
· Tropical Fruit Wines
· Lychee Wine
· Cranberry Wine
· Orange Wine
· Nettle Wine*By Wine Category:*
· Fermented Fruit Wine
· Distilled Fruit Wine
· Preparation Fruit Wine
· Sparkling Fruit Wine
*By Sales Channel:*
· Food Service
· Hotel
· Restaurants
· Cafes
· Pubs & Bars
· Airport Retail
· Travel Retail (Airplanes, Cruise Ships)
· Retail
· Hypermarket/Supermarket
· Convenience Stores
· Wine Shops and Liquor Stores
· Wholesale Stores
· Winery or Producer Websites
· Farmers' Markets
· Direct Sales at Fruit Farms
· Specialty Wine Retailers
· Online Retail*By Region:*
· North America
· Latin America
· Europe
· East Asia
· South Asia
· Oceania
· Middle East & Africa
*Authored by:*
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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