Global Wine Cork Market Size, Share & Trends Analysis Report By Distribution Channel (Offline, and Online), By Type (Natural, and Synthetic), By Regional Outlook and Forecast, 2023 - 2030
The Global Wine Cork Market size is expected to reach $7.9 billion by 2030, rising at a market growth of 4.7% CAGR during the forecast period. In the year 2022, the market attained a volume of 4,966.6 hundred units, experiencing a growth of 4.7% (2019-2022).
In countries such as Portugal, Spain, France, Italy, and Greece, cork oak forests are abundant, and cork harvesting has become an integral part of rural livelihoods and cultural identity. Therefore, the Europe segment captured $3,356.7 million revenue in the market in 2022. When it comes to wine manufacturing, Europe has a rich cultural legacy. Cork closures have been the go-to option for sealing wine bottles for generations. The enduring tradition of using cork closures in European winemaking contributes to the strong demand for cork in the region.
Cork closures are strongly associated with premium and high-quality wines in consumers’ minds. wine connoisseurs and collectors, who value the nuances of wine aging and appreciate the ritualistic experience of opening a bottle, often prefer wines sealed with cork closures. The tradition associated with cork closures appeals to this discerning segment of consumers seeking rare, limited-production wines for investment or enjoyment. Hence, the increasing premiumization of wine is driving the market’s growth.
Additionally, Wine consumption is no longer confined to traditional wine-producing regions. investment in the wine industry, both domestically and internationally, has fueled the expansion of wine production. Governments, private investors, and wine companies allocate resources to develop vineyards, establish wineries, and improve infrastructure. This investment is increasing wine production and, eventually, wine consumption. Hence, the increasing wine consumption is propelling the growth of the market.
However, Consumers are becoming more aware of cork taint and its potential impact on wine quality. cork taint can compromise wines’ quality and aging potential, particularly those intended for long-term cellaring and aging. Wines affected by cork taint may lose complexity, freshness, and fruitiness over time, diminishing their value and appeal to wine enthusiasts and collectors. In conclusion, increasing cork taint concerns among consumers are hampering the market’s growth.
By Distribution Channel Analysis
On the basis of distribution channel, the market is segmented into offline and online. In 2022, the online segment attained a 28.69% revenue share in the market. Online shopping offers unparalleled convenience and accessibility for consumers purchasing wine cork closures. With mobile phones, consumers can browse cork closures from various brands and suppliers without time or location constraints.
By Type Analysis
Based on type, the market is bifurcated into natural and synthetic. In 2022, the natural segment garnered 86.45% revenue share in the market. Consumers increasingly associate natural cork closures with authenticity, tradition, and craftsmanship in winemaking. Natural cork closures have a long-standing history in the wine industry and are perceived as the traditional choice for sealing premium and high-quality wines.
By Regional Analysis
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region generated 12.46% revenue share in the market. The Asia Pacific region is experiencing a significant increase in wine consumption, driven by changing consumer lifestyles, growing affluence, and evolving culinary preferences. As disposable incomes rise and Western dining trends become more prevalent, there is a growing appreciation for wine culture and consumption across Asia Pacific countries.
List of Key Companies Profiled
- Elkem ASA (Bluestar Elkem International Co., Ltd. S.A.)
- Zandur
- Amorim Cork, S.A. (Corticeira Amorim)
- M.A. Silva Corks, USA
- Allstates Rubber & Tool Corp.
- WidgetCo, Inc.
- WE Cork Inc.
- J.C. Ribeiro
- Jelinek Cork Group
By Distribution Channel (Volume, Hundred Units, USD Billion, 2019-2030)
- Offline
- Online
- Natural
- Synthetic
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Global Wine Cork Market, by Distribution Channel
- 1.4.2 Global Wine Cork Market, by Type
- 1.4.3 Global Wine Cork Market, by Geography
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter’s Five Forces Analysis
- Chapter 4. Global Wine Cork Market, By Distribution Channel
- 4.1 Global Offline Market, By Region
- 4.2 Global Online Market, By Region
- Chapter 5. Global Wine Cork Market, By Type
- 5.1 Global Natural Market, By Region
- 5.2 Global Synthetic Market, By Region
- Chapter 6. Global Wine Cork Market, By Region
- 6.1 North America Wine Cork Market
- 6.1.1 North America Wine Cork Market, By Distribution Channel
- 6.1.1.1 North America Offline Market, By Country
- 6.1.1.2 North America Online Market, By Country
- 6.1.2 North America Wine Cork Market, By Type
- 6.1.2.1 North America Natural Market, By Country
- 6.1.2.2 North America Synthetic Market, By Country
- 6.1.1 North America Wine Cork Market, By Country
- 6.1.1.1 US Wine Cork Market
- 6.1.1.1.1 US Wine Cork Market, By Distribution Channel
- 6.1.1.1.2 US Wine Cork Market, By Type
- 6.1.1.2 Canada Wine Cork Market
- 6.1.1.2.1 Canada Wine Cork Market, By Distribution Channel
- 6.1.1.2.2 Canada Wine Cork Market, By Type
- 6.1.1.3 Mexico Wine Cork Market
- 6.1.1.3.1 Mexico Wine Cork Market, By Distribution Channel
- 6.1.1.3.2 Mexico Wine Cork Market, By Type
- 6.1.1.4 Rest of North America Wine Cork Market
- 6.1.1.4.1 Rest of North America Wine Cork Market, By Distribution Channel
- 6.1.1.4.2 Rest of North America Wine Cork Market, By Type
- 6.2 Europe Wine Cork Market
- 6.2.1 Europe Wine Cork Market, By Distribution Channel
- 6.2.1.1 Europe Offline Market, By Country
- 6.2.1.2 Europe Online Market, By Country
- 6.2.2 Europe Wine Cork Market, By Type
- 6.2.2.1 Europe Natural Market, By Country
- 6.2.2.2 Europe Synthetic Market, By Country
- 6.2.3 Europe Wine Cork Market, By Country
- 6.2.3.1 Germany Wine Cork Market
- 6.2.3.1.1 Germany Wine Cork Market, By Distribution Channel
- 6.2.3.1.2 Germany Wine Cork Market, By Type
- 6.2.3.2 UK Wine Cork Market
- 6.2.3.2.1 UK Wine Cork Market, By Distribution Channel
- 6.2.3.2.2 UK Wine Cork Market, By Type
- 6.2.3.3 France Wine Cork Market
- 6.2.3.3.1 France Wine Cork Market, By Distribution Channel
- 6.2.3.3.2 France Wine Cork Market, By Type
- 6.2.3.4 Russia Wine Cork Market
- 6.2.3.4.1 Russia Wine Cork Market, By Distribution Channel
- 6.2.3.4.2 Russia Wine Cork Market, By Type
- 6.2.3.5 Spain Wine Cork Market
- 6.2.3.5.1 Spain Wine Cork Market, By Distribution Channel
- 6.2.3.5.2 Spain Wine Cork Market, By Type
- 6.2.3.6 Italy Wine Cork Market
- 6.2.3.6.1 Italy Wine Cork Market, By Distribution Channel
- 6.2.3.6.2 Italy Wine Cork Market, By Type
- 6.2.3.7 Rest of Europe Wine Cork Market
- 6.2.3.7.1 Rest of Europe Wine Cork Market, By Distribution Channel
- 6.2.3.7.2 Rest of Europe Wine Cork Market, By Type
- 6.3 Asia Pacific Wine Cork Market
- 6.3.1 Asia Pacific Wine Cork Market, By Distribution Channel
- 6.3.1.1 Asia Pacific Offline Market, By Country
- 6.3.1.2 Asia Pacific Online Market, By Country
- 6.3.2 Asia Pacific Wine Cork Market, By Type
- 6.3.2.1 Asia Pacific Natural Market, By Country
- 6.3.2.2 Asia Pacific Synthetic Market, By Country
- 6.3.3 Asia Pacific Wine Cork Market, By Country
- 6.3.3.1 China Wine Cork Market
- 6.3.3.1.1 China Wine Cork Market, By Distribution Channel
- 6.3.3.1.2 China Wine Cork Market, By Type
- 6.3.3.2 Japan Wine Cork Market
- 6.3.3.2.1 Japan Wine Cork Market, By Distribution Channel
- 6.3.3.2.2 Japan Wine Cork Market, By Type
- 6.3.3.3 India Wine Cork Market
- 6.3.3.3.1 India Wine Cork Market, By Distribution Channel
- 6.3.3.3.2 India Wine Cork Market, By Type
- 6.3.3.4 South Korea Wine Cork Market
- 6.3.3.4.1 South Korea Wine Cork Market, By Distribution Channel
- 6.3.3.4.2 South Korea Wine Cork Market, By Type
- 6.3.3.5 Australia Wine Cork Market
- 6.3.3.5.1 Australia Wine Cork Market, By Distribution Channel
- 6.3.3.5.2 Australia Wine Cork Market, By Type
- 6.3.3.6 Malaysia Wine Cork Market
- 6.3.3.6.1 Malaysia Wine Cork Market, By Distribution Channel
- 6.3.3.6.2 Malaysia Wine Cork Market, By Type
- 6.3.3.7 Rest of Asia Pacific Wine Cork Market
- 6.3.3.7.1 Rest of Asia Pacific Wine Cork Market, By Distribution Channel
- 6.3.3.7.2 Rest of Asia Pacific Wine Cork Market, By Type
- 6.4 LAMEA Wine Cork Market
- 6.4.1 LAMEA Wine Cork Market, By Distribution Channel
- 6.4.1.1 LAMEA Offline Market, By Country
- 6.4.1.2 LAMEA Online Market, By Country
- 6.4.2 LAMEA Wine Cork Market, By Type
- 6.4.2.1 LAMEA Natural Market, By Country
- 6.4.2.2 LAMEA Synthetic Market, By Country
- 6.4.3 LAMEA Wine Cork Market, By Country
- 6.4.3.1 Brazil Wine Cork Market
- 6.4.3.1.1 Brazil Wine Cork Market, By Distribution Channel
- 6.4.3.1.2 Brazil Wine Cork Market, By Type
- 6.4.3.2 Argentina Wine Cork Market
- 6.4.3.2.1 Argentina Wine Cork Market, By Distribution Channel
- 6.4.3.2.2 Argentina Wine Cork Market, By Type
- 6.4.3.3 UAE Wine Cork Market
- 6.4.3.3.1 UAE Wine Cork Market, By Distribution Channel
- 6.4.3.3.2 UAE Wine Cork Market, By Type
- 6.4.3.4 Egypt Wine Cork Market
- 6.4.3.4.1 Egypt Wine Cork Market, By Distribution Channel
- 6.4.3.4.2 Egypt Wine Cork Market, By Type
- 6.4.3.5 South Africa Wine Cork Market
- 6.4.3.5.1 South Africa Wine Cork Market, By Distribution Channel
- 6.4.3.5.2 South Africa Wine Cork Market, By Type
- 6.4.3.6 Nigeria Wine Cork Market
- 6.4.3.6.1 Nigeria Wine Cork Market, By Distribution Channel
- 6.4.3.6.2 Nigeria Wine Cork Market, By Type
- 6.4.3.7 Rest of LAMEA Wine Cork Market
- 6.4.3.7.1 Rest of LAMEA Wine Cork Market, By Distribution Channel
- 6.4.3.7.2 Rest of LAMEA Wine Cork Market, By Type
- Chapter 7. Company Profiles
- 7.1 Elkem ASA (Bluestar Elkem International Co., Ltd. S.A.)
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Regional & Segmental Analysis
- 7.1.4 Research & Development Expenses
- 7.1.5 SWOT Analysis
- 7.2 ZANDUR
- 7.2.1 Company Overview
- 7.3 Amorim Cork, S.A. (Corticeira Amorim)
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.3.4 Research & Development Expenses
- 7.3.5 SWOT Analysis
- 7.4 M.A. Silva Cork, USA
- 7.4.1 Company Overview
- 7.4.2 SWOT Analysis
- 7.5 Allstates Rubber & Tool Corp.
- 7.5.1 Company Overview
- 7.6 WidgetCo, Inc.
- 7.6.1 Company Overview
- 7.6.2 SWOT Analysis
- 7.7 WE Cork Inc.
- 7.7.1 Company Overview
- 7.7.2 SWOT Analysis
- 7.8 J.C. Ribeiro
- 7.8.1 Company Overview
- 7.8.2 Recent strategies and developments:
- 7.8.2.1 Partnerships, Collaborations, and Agreements:
- 7.8.3 SWOT Analysis
- 7.9 Jelinek Cork Group
- 7.9.1 Company Overview
- 7.9.2 SWOT Analysis
- Chapter 8. Winning imperatives of Wine Cork Market
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