Report ID: SQMIG30F2030
Report ID:
SQMIG30F2030 |
Region:
Global |
Published Date: April, 2024
Pages:
242
|
Tables:
90 |
Figures:
76
In 2021, Europe dominated the global market and had a revenue share of more than 75%. A small number of European nations held over 50% of the market. The country that consumes the most organic wine is Germany. Germany, France, and the U.K. were the top three markets, accounting for around 25%, 15%, and 10% of the world's consumption of organic wine, respectively, according to International Wines and Spirits Record (IWSR). The largest market for organic wine continues to be in Europe. Consumption of organic products is higher in Europe than in other parts of the world because local customers are more aware of them.
Over the projected period, the organic wine market in North America is expected to see a CAGR of more than 9.5% in terms of value. The second-largest market in the world for organic wines in North America. As the third-largest consumer of organic red wine in the world after France and Germany, the United States topped the market for organic wine in 2021. American consumers are switching from conventional to organic items. According to the Organic Trade Association (OTA), sales of organic goods will increase by more than 11.5% in the United States in 2020. In the United States, sales of organic goods totaled USD 60 billion in 2020.
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REQUEST FREE CUSTOMIZATIONOrganic Wine Market size was valued at USD 8.9 billion in 2019 and is poised to grow from USD 9.81 billion in 2023 to USD 23.51 billion by 2031, growing at a CAGR of 10.2% in the forecast period (2024-2031).
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Report ID: SQMIG30F2030