The North America Cooking Wine Market would witness market growth of 5% CAGR during the forecast period (2021-2027).
Cooking wine is majorly utilized in the preparation of non-vegetarian food items, and recipes. Cooking wines provides a better way to enhance the taste of several kinds of dishes. Cooking wine is popular for its unique sweetness and high clarity that combines perfectly with dishes like gourmet and exhaustive food.
Wine is prepared with the help of fermented glutinous grapes, and cooking wine is prepared by including salt & flavors in the wine. With the fermentation of rice, grapes, sherry, Marsala, and other resources, the cooking wine can be manufactured. The cooking wine is also beneficial in the manufacturing of sausage, chop suey, soup, chicken, ketchup, beef, and other dishes. It is low in fat, rich in sodium, calories, and minerals that enhance the aesthetic appeal and taste of the food products.
The presence of leading market players in this region is estimated to support the growth of the North American cooking wine market during the forecasting period. Moreover, consumers in this region are more aware of the new food trends and concepts which are expected to motivate the consumers to include cooking wine in their daily food recipes. In addition to it, consumers residing in this region have high disposable income.
As consumers are looking to enhance the flavor of the foods, they prefer cooking wine. As cooking wine is filled with sweeteners, preservatives, and salt which make the final food. Furthermore, the market players are putting high investments in promoting their products to a broad consumer base, thereby increasing the product penetration in the region. Therefore, these factors are likely to accelerate the development of the regional cooking wine market in the upcoming years.
The US market dominated the North America Red Wine Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $21,157.6 Thousands by 2027. The Canada market is experiencing a CAGR of 8.3% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 7.4% during (2021 - 2027).
Based on Products, the market is segmented into White Wine, Dessert, Red Wine and other products. Based on Application, the market is segmented into B2B and B2C. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Cooking Wine Market is Estimated to Reach USD 405.1 Million by 2027 at a CAGR of 6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AAK AB, The Kroger Co., Stratas Foods, Batory Foods, Inc., Iberica Export, LinChen, Inc., Marina Foods, Inc., and Ecovinal SL.
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