The global cooking wine products market was valued at USD 3.4 billion in 2022 and is projected to expand at a CAGR of 7.5% from 2023 to 2030. Cooking wine has become increasingly popular in recent years as more people have taken up cooking as a hobby and as a way to relax. Cooking wine can be used to add flavor and complexity to a dish, as well as to deglaze a pan. Cooking wines are used in a variety of recipes, from marinades to sauces to soups and stews.

The growth in the market is attributed to the increasing demand for cooking wine from restaurants, hotels, and other foodservice establishments. Restaurants and hotels are using cooking wine in various recipes to enhance the flavor and taste of the dish. Moreover, the growing demand for organic and natural cooking wine is expected to further propel the market growth. Furthermore, the increasing consumer preference for convenience and the growing popularity of online shopping platforms are expected to drive the market in the coming years.

In addition, the availability of a wide variety of cooking wines, such as red, white, and rose, is also contributing to the growth of the market. Furthermore, market players are introducing innovative products to cater to the demand of consumers. For instance, in November 2021, Freixenet launched a new cooking wine range with seven different varieties, including red, white, and rose. The company aims to provide consumers with an easy and economical way to add flavor to their cooking.

Furthermore, the increasing demand for ready-to-cook meals is also driving the growth of the market. Ready-to-cook meals contain cooking wine, which helps to enhance the flavor and taste of the dish. Moreover, the increasing disposable income of consumers is expected to drive the market growth in the coming years. The increasing popularity of wine tasting and wine-related events is also driving the demand for cooking wine. Furthermore, the growing popularity of social media is providing an opportunity for market players to reach a larger consumer base.

The dry white wine segment is expected to hold a major share of the market owing to its popularity among consumers. According to Wine-searcher, in January 2021, Sauvignon Blanc dominated as the most popular white wine, with a worldwide market share of 9.1%. Growing demand for healthier and low-calorie alcoholic beverages is driving the preference for dry white wine. Furthermore, increasing disposable income and rising awareness among consumers regarding the health benefits of white wine are some of the other factors driving the market growth.

The red wine segment is anticipated to expand at the fastest CAGR of 8.6% over the forecast period. Growing demand for organic red wines, rising trends for wine consumption, and the emergence of various red wine brands are some of the key factors driving the red wine market growth revenue. According to an article published by the International Journal of Wine Research in January 2021, 39% of wine drinkers consumed red wines in the last month. In addition, increasing health benefits associated with red wine consumption is another factor driving the growth of the market.

The supermarkets and hypermarkets segment accounted for the largest share of the Cooking Wine Products market in 2022. Supermarkets and hypermarkets are the preferred destination for consumers when buying cooking wine products. This is mainly due to the wider selection of products, discounts, and convenience offered by these stores. Additionally, most supermarkets have a dedicated section for alcoholic beverages, which makes it easier for consumers to find their required product. Furthermore, supermarkets and hypermarkets also provide the option of trying out the product before purchase, thus allowing consumers to make informed buying decisions.

The online segment is anticipated to expand at the highest CAGR of 14.4% over the forecast period. Rapid development in e-commerce has led to the rise in the number of online platforms offering cooking wine products. These websites provide a wide range of products and often offer discounts, thus attracting consumers from different price segments. Furthermore, online stores also provide detailed product information and reviews, enabling customers to make informed buying decisions. In addition, online stores also offer convenient delivery options, which is a major factor in driving the growth of the online segment.

The fortified segment accounted for the largest revenue share of 79.3% in the year 2022. The increasing trend of using fortified wines for cooking has increased its demand in the market. The fortified wines such as Sherry, Port, and Vermouth are widely used in cooking. Furthermore, the growing popularity of food made with fortified wines has been driving the demand for these wines in the market. For instance, in April 2021, the National Sherry Week was organized in the U.K., which encouraged people to explore the recipes that use sherry as an ingredient.

The table wines segment is anticipated to expand at the highest CAGR of 7.2% over the forecast period. The growing trend of using table wines for cooking is driving the demand for these wines. Moreover, the increasing number of people attending cooking classes is also driving the demand for table wines. For instance, in June 2021, a cooking class was organized in London that taught participants how to use table wines in dishes. Furthermore, the increasing use of table wines as an ingredient in gourmet dishes is also driving the market.

Europe held the largest market share in 2022 and is expected to register a CAGR of 7.2% from 2022 to 2029. This growth is attributed to the increasing demand for cooking wine products due to the rising trend of cooking and baking among the population in the region. The presence of premium brands and product varieties in the region also contributes to the growth of the market. For instance, in June 2021, Castelpoto launched a cooking wine product in the U.K.

Asia Pacific is expected to be the fastest-growing region in the coming years. With the rising disposable income of consumers in the region, the demand for cooking wine is increasing significantly. The increasing number of restaurants and food outlets in the region is also expected to fuel the demand for cooking wine products in the region. For instance, in April 2021, Kikkoman launched a new range of cooking wines in India.

In this part of the Cooking Wine Products business plan, we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your Cooking Wine Products business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions

The main source of revenues for a Cooking Wine Products business comes from the sale of wine products, catering services, and private events. Here you will find a list with a description of each of them and other possible sources of profit such as online sales, fundraising, and corporate partnerships.

Projecting Expenses

In this section, all the regular expenses related to keeping the Cooking Wine Products business running will be described. The list of operating expenses includes Wine SA affiliation, wages, maintenance and repairs, utilities, insurance policies, advertising, and others. It is also important to include the expenses related to the sale of products, such as packaging and shipping costs.

Some of the key companies operating in the cooking wine market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In April 2022, Constellation Brands launched an exclusive line of cooking wines, which includes white and red cooking wines.

– In May 2022, The Wine Group launched a line of cooking wines designed for use in traditional Italian dishes.

– In June 2022, Gallo Family Vineyards launched a line of cooking wines crafted specifically for use in Asian cuisine dishes.

Some of the prominent players in the cooking wine market include:

– Constellation Brands
– The Wine Group
– Gallo Family Vineyards
– Trinchero Family Estates
– E&J Gallo Winery
– Kendall-Jackson Wine Estates
– Treasury Wine Estates
– Cavit
– Bronco Wine Company
– Winebow Group

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global cooking wine products market based on product type, distribution channel, application, and region:

1. Product Type Outlook (Revenue, USD Million, 2017 – 2030)

– Red Wine
– White Wine
– Rose Wine
– Sparkling Wine
– Others

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– Others

3. Application Outlook (Revenue, USD Million, 2017 – 2030)

– Cooking
– Beverage
– Others

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What is the Potential of Product Innovation in the Global Cooking Wine Products Market?
[A]: Product innovation is expected to be a key driver in the global cooking wine products market. New product lines and flavors are being developed by manufacturers to meet the changing needs of consumers. This includes organic and vegan-friendly options, as well as flavor combinations such as fruit and herbs, and unusual flavor pairings like chili and chocolate.

[Q]: Who are the Key Players in the Global Cooking Wine Products Market?
[A]: The key players in the global cooking wine products market include E. & J. Gallo Winery, Constellation Brands, Bronco Wine Company, Treasury Wine Estates, and The Wine Group.

[Q]: Which Region Offers the Largest Opportunity for Sales of Cooking Wine Products?
[A]: Asia-Pacific is expected to be the largest and fastest-growing region in the global cooking wine products market. This is due to the increasing demand for convenience foods, rising disposable incomes, and rapid urbanization in the region.

[Q]: What are the Factors Driving the Global Cooking Wine Products Market?
[A]: The growing popularity of cooking with wine, increased demand for convenience products, and growth in the number of foodservice outlets are the primary factors driving the growth of the global cooking wine products market. Additionally, the increasing adoption of healthy lifestyles, rising disposable incomes, and growing health consciousness are also estimated to fuel market growth.