The market for wine fermenting equipment is anticipated to expand at a CAGR of 4.0% from 2023 to 2033. By the end of 2033, the market is anticipated to have increased from US$ 1,468.2 Mn in 2023 to US$ 2,173.3 Mn.
The process of turning grape juice into wine is known as wine fermentation. Yeast causes fermentation when it consumes the sugar in grape juice and produces alcohol and carbon dioxide as a byproduct. There are many different tools and ways that can be used to complete this task.
The open-top fermenter is the most typical kind of fermentation apparatus. This kind of fermenter often has a big hole at the top and is made of food-safe plastic or stainless steel. The must (grape juice and solids) may be easily accessed during fermentation thanks to the open top fermenter. Red wine is frequently produced in open-top fermenters because they enable better contact between the must and skins, which enhances the extraction of colour and flavour from the grapes.
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It is predicted that the number of wineries would rise in both developed and emerging nations over the evaluation period, causing the global market to expand steadily. Due to expanding pub culture and high disposable money, consumers’ demand for wine has increased significantly over the past few years.
Additionally, millennials today are different from baby boomers in terms of how they perceive, taste, and consume particular alcoholic beverages like beer, champagne, and wine. As a result, significant players would have new growth prospects to diversify their product lines of wine fermenting equipment.
According to FMI, the global market for wine fermentation equipment grew steadily throughout the course of history at a CAGR of 3.3%. This expansion was related to the increased use of wine fermenting technology to facilitate wine processing globally.
Manufacturing of wine fermentation equipment is expected to benefit from the growing use of automation and robots in the wine-making process. Modern winery equipment with automated movements, automated packaging, and temperature controls are just a few of the cutting-edge features being created by famous companies throughout the world.
How are American Businesses that Make Wine Fermentation Equipment Faring?
By 2033, “Relaxed Trade Duties in the United States will Drive Sales of Wine Fermentation Kits”
The U.S. market for wine fermenting equipment is anticipated to expand at a CAGR of 38% over the next 10 years, according to FMI. Since the dawn of time, the enormous demand for wine has served as the inspiration for all American producers, spurring them on to develop new goods.
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Additionally, it is anticipated that lowered trade restrictions and tariffs will increase demand for wine in the United States. According to the Wine Institute, overall wine consumption per inhabitant increased to 3.18 gal in 2021 from 3.07 gal in 2020.
Why is China a High-potential Hub for Wine Fermentation Equipment Emerging?
By 2033, the launch of wines made exclusively for China will increase sales of wine fermentation vessels.
The market for wine fermentation equipment in China is anticipated to expand quickly over the assessment period, according to FMI. Sales of wine fermenting equipment in the nation are primarily driven by flavour innovation and the premiumization of wine goods.
For instance, the most well-known national alcohol and wine distributor in China, VATS Liquor Store, debuted a China-exclusive wine in August 2022. Penfolds is a flagship Australian wine brand owned by Treasury Wine Estates.
Wine Fermentation Equipment Market Outlook by Category
By Product:
- Tank and Fermenters
- Crushing and Pressing Equipment
- Temperature Control Equipment
- Filtration Equipment
By Application:
- Commercial Kitchen
- Household Kitchen
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
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