The main reason behind the growing sales of wine barrels is the rising demand for wine across the globe, states Transparency Market Research (TMR) in a research report. The report is titled, “Wine Barrel Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025.”
A wine barrel is generally put to use for the storage of brandy or burgundy. Barrels allow the entrance very less amount of oxygen inside the wine and also divulges the wood character into the wine. Wine barrels are mainly used for maturing wine. After the fermentation process, the wine gets deposited in the barrel for sedimentation of immense rock-hard particles and tends to make them smooth. During the aging procedure, numerous flavors are mixed with the wine as it goes over several chemical alterations. Wine barrels have a lifespan of hundred years and the getting old of wine in the barrels gets 50% of the barrel in the paramount use and this progressively declines with further consumption.
The growing demand for wine is one of the crucial factors that is expected to drive the demand for wine barrels globally in the years to come. Oak wine barrels are suitable for the wine that is aging as it tends to make the wine rich in tastier and rich in quality. Measured oxidation at the time of the aging procedure in wine barrels leads to reduced astringency, constancy and better-quality wine color, which is not so in the case of other barrels which are manufactured using metals and plastic which is another main reason behind the rising demand for wine barrels globally.
The substitutes of oak barrels such as chips in metal vats, oak powders, and blocks for providing the essence and flavor of oak are expected to act as a hindrance to the market. Auxiliary, the worth of oak barrels is growing above time owing to the flared difference between supply and demand, which is another prime factor hampering the progress of the market.
North America held the leading position in the global market for wine barrels in 2016 and is anticipated to lead the market during the forecast period. The fast mounting patent market for wine is the crucial issue driving the growth of this market in the region. The leading players in the market are Garbelotto S.p.A., Canton, Barry Barrels, G & P, StaVin Inc., THE BARREL MILL, Francois Freres, and OENEO among many others.