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Rising
demand for wine is one of the key factors driving the demand for wine
barrels at the global level. Oak wine barrels are appropriate for
aging the wine as it makes the wine rich in quality and taste.
Therefore, the market of wine barrel is growing significantly.
Controlled oxidation during the aging process in wine barrels results
in decreased astringency, stability and improved color of the wine,
which does not happen in case of other barrel made from plastic and
metals, which is another major reason for the heightened demand for
wine barrels across the globe.
Alternatives
to oak barrels such as blocks, oak powders and chips in normal metal
vats of wine in order to provide the essence of oak flavors and
aromas is greatly hindering the growth of the wine barrel market at
present. Further, the price of oak barrels is increasing over time
due to the widening difference between demand and supply, which is
another major factor hindering the growth of the wine barrel market.
Stainless
steel barrels are expected to serve as a suitable replacement for oak
barrels for storage of wine due to low maintenance cost and longer
durability compared to oak wood barrels. Further, wine being
naturally acidic can often oxidize wooden barrels, which will not
happen in the case of stainless steel barrels. Thus this factor is
expected to pose as a suitable opportunity for the growth of the wine
barrel market in the future.
For
the purpose of providing extensive analysis of the wine barrel
market, the global
wine barrel market has been segmented into wine barrel type
and types of wine. Based on type, the global wine barrel market has
been classified into French oak wood, American oak wood, and Eastern
oak wood. French oak wood contains the highest amount of tannin.
French oak wood barrels are considered as good quality barrels which
produce the best quality wine. Oak wood improves the flavor of wine
by releasing flavors such as vanilla, spice and butter. Further,
American oak barrels are available in various sizes and can hold up
several types of wine. The inside of the wine barrel if often toasted
in variable degrees in order to add more flavor, aroma and color to
the wine. The color, aroma and flavor of the wine will depend on the
magnitude of the toast.
Based
on type of wine, the wine barrel market is segmented into red wine
and white wine. Further, based on toast level, the wine barrel market
is segmented into light toast, medium toast, heavy toasted and
untoasted.
North
America wine barrel market is accounted for the dominant position in
2016 and is expected to lead throughout the forecast period. Rapidly
growing patent market for wine is the key factor driving the demand
for this wine barrel market in the region. Europe wine barrel market
followed closely after North America wine barrel market in terms of
market share due to rapidly increasing demand for wine in the region.
Asia Pacific wine barrel market and Latin America wine barrel market
held a significant position in the market in 2016. In addition, the
wine barrel market of Asia Pacific region is expected to witness a
promising demand during the forecast period from 2017 to 2025.
Owing
to the presence of several wine barrel manufacturers, the global wine
barrel market is fragmented in nature. Some of the major players
operating in the field of wine barrel market include OENEO, Francois
Freres, THE BARREL MILL, StaVin Inc., G & P, Barry Barrels,
Canton, Garbelotto S.p.A. and various others. Some of the key
strategies adopted by these leading players include mergers and
acquisitions, joint ventures and partnerships, geographical
expansions and product innovations among others.
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