Global Cooking Wine Market Report and Forecast 2024-2032

According to the report, the global cooking wine market is projected to grow at a CAGR of 3.91% between 2024 and 2032. The market is expected to
reach a value of USD 547.78 million in 2032. Aided by its multifaceted applications in various cuisines and the growing emphasis on gourmet cooking, the market is expected to grow significantly by 2032.

Cooking wine, typically a type of wine specifically formulated for use in cooking rather than direct consumption, is gaining traction for its ability to enhance the flavour, aroma, and depth of dishes. Its usage spans across a myriad of culinary traditions, from Western to Asian, making it a versatile ingredient in kitchens worldwide. The wine's distinct properties, including its acidity, sweetness, and ability to tenderise, make it an indispensable component in numerous recipes.

The surge in the cooking wine market growth can be attributed to several key factors. Firstly, the rising popularity of culinary arts and the proliferation of cooking shows and food blogs have significantly boosted the interest in sophisticated cooking techniques, where cooking wine plays a pivotal role. Furthermore, the expanding hospitality sector and the evolving food preferences of consumers, leaning towards more refined and flavoured dishes, have contributed to the increased demand for cooking wine.

Another critical factor is the growing awareness of the health benefits associated with moderate wine consumption. Cooking wine, with its reduced alcohol content post the cooking process, is perceived as a healthier alternative to conventional cooking oils and fats, appealing to health-conscious consumers.

According to the cooking wine market analysis, the rise of gourmet home cooking, fuelled by the accessibility of exotic ingredients and cooking techniques through digital platforms, has led to more home chefs experimenting with cooking wine. This trend is further bolstered by the increasing availability of a diverse range of cooking wines in supermarkets and specialty stores, catering to various culinary needs and preferences.

The cooking wine market is segmented based on type, application, and geography. The types of cooking wine include red, white, and others, each offering unique flavours and suited for different cooking styles and dishes. The applications of cooking wine span across residential and commercial sectors, with the latter encompassing restaurants, catering services, and other culinary establishments.

One notable cooking wine market trend is the growing preference for organic and sustainably produced cooking wines, reflecting the broader consumer shift towards eco-friendly and health-conscious food products. This trend is driving wine producers to adopt organic farming practices and sustainable production methods.

Moreover, the market is witnessing the introduction of innovative cooking wine products, such as infused wines with herbs and spices, catering to the evolving tastes and preferences of consumers. These innovations are not only expanding the market's reach but also enhancing the culinary experience for consumers.

Market Segmentation

The market can be divided based on type, packaging, application, and region.

Market Breakup by Type

• White
• Red
• Others

Market Breakup by Packaging

• Glass Bottles
• Plastic Bottles
• Others

Market Breakup by Application

• B2B
• B2C
• Supermarket and Hypermarket
• Convenience Store
• Online
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global cooking wine market. Some of the major players explored in the report are as follows:

• AAK AB
• ECOVINAL
• Gourmet Classic Limited
• Mizkan America, Inc.
• Marina Foods, Inc.
• World Finer Foods (Reese Specialty Foods)
• Eden Foods, Inc.
• Roland Foods, LLC
• Goya Foods, Inc.
• The Kroger Co.
• Others