Cooking Wine Market Rising With Growth In New Technology Trends Research By 2027
Posted by Mrudula Anil Karmarkar on April 14th, 2022
The global cooking wine market size is expected to reach USD 427.2 million by 2027, expanding at a CAGR of 3.7% over the forecast period, according to a new report by Grand View Research, Inc. Ability of the cooking wine to enhance the taste and flavor of the food is the primary reason behind its increasing adoption. Its multipurpose application in quick sautés or hours long braises, sauce-making or baking gives all kinds of cooks a space to try its application in their dishes uniquely.
The use of cooking wines is also increasing for the preparation of soups and stews. It is considered that red wine works in synergy with soups having meat and root-vegetable concoctions, such as beef stews and cream soups. Red wine is also suitable for slow cooking stews. Likewise, seafood soups go along with dessert forms, including Madeira, Marsala or sherry. White variants are often used for poaching eggs and cooking pastas. Various restaurants are often seen cooking spaghetti and risotto with red variants owing to their color as well as deeper flavors.
Cooking wines are also popularly used for cooking pan sauces. Madeira, a dessert wine, is used to make sauce for dishes based on bird meat. Crisp white wine is used to prepare sauce for dishes with pork, chicken, and seafood. Red variants are used to make sauce for dishes with steaks and mushrooms. These are also widely used to prepare spaghetti sauce.Likewise, increasing penetration of social media has been creating awareness regarding food, cooking methods, ingredients, and cuisines. As a result, the hotel industry has been increasing its spending on the incorporation of cooking wine in the authentic foods of various countries, including France, Italy, Spain, Lebanon, China, Japan, and South Korea, that are popular across the world.
Growing trend of marinating with wine among the new age cooks is positively impacting the growth of the market. Wine marinades are a concoction of wine, acidity, herbs, spices, and oil. It has been found that the usage of cooking wine while marinating steak, poultry, and seafood makes the meat tender, flavorful, and delectable. Similarly, the trend of marinating vegetables with cooking wine is also gaining popularity. Along with adding subtle flavors, red cooking wine while marinating imparts color to the dish. Other kinds of cooking wine help in adding smoky flavor or fruity freshness to the dish. Such a marinating process is considered to be exceptionally helpful while cooking on stove, slow cooker, or in the oven.
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Key market participants include AAK AB; Batory Foods; De Vinco Company; ECOVINAL; Elegre; Iberica Export; LinChen Inc.; Marina Foods, Inc.; Stratas Foods; The Kroger Co.; and Mizkan America, Inc. Companies are focusing on ideal business development by substantiating different development techniques. M&A and the formation of strategic alliances are expected to remain the critical success factors for the market participants over the next few years. Additionally, manufacturers have been increasing their spending on the establishment of online channels catering to the developing markets, including China and India, which are expected to remain a vast customer base of millennials.
Further key findings from the study suggest:
Grand View Research has segmented the global cooking wine market on the basis of product, application:
Cooking Wine Product Outlook (Revenue, USD Million, 2016 - 2027)
Cooking Wine Application Outlook (Revenue, USD Million, 2016 - 2027)
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About the AuthorMrudula Anil Karmarkar
Joined: July 2nd, 2020
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