South & Central America Organic Wine Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Still and Sparkling), Packaging Type (Bottles and Can), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Direct Selling)
The organic wine market in South & Central America is expected to grow from US$ 561.95 million in 2022 to US$ 1,016.79 million by 2028. It is estimated to grow at a CAGR of 10.4% from 2022 to 2028.
Organic wine is made from grapes without any hazardous chemicals or artificial fertilizers. Amid growing health concerns among consumers and increasing focus on healthy living, organic wine consumption is gaining traction. As a result, the growing demand for organic wine has boosted the number of organic vineyards. Climate change, good government policies, and a focus on sustainable farming are a few significant factors driving the organic wine market. The demand for organic wine has been spurred by an increase in the population desiring healthier beverage options and disposable income. Organic food is in high demand in developed countries.
Furthermore, favorable government rules promoting organic grape farming are contributing to market expansion. Organic vineyards are also increasing owing to the extension of wines and consumer interest. The growth has led to a more balanced distribution of vineyards. Further, favorable weather conditions, effective government initiatives, and a focus on sustainable agriculture, which is free from pesticides, are a few notable factors driving the organic wine market.
South & Central America Organic Wine Market Revenue and Forecast to 2028 (US$ Million)
South & Central America Organic Wine Market Segmentation
The South & Central America organic wine market is segmented by type, packaging type, distribution channel, and country. Based on type, the market has been divided into still and sparkling. The still wine segment is dominating the market in 2022. It is further sub-segmented into red, white, and rose.
Based on packaging type, the market has been bifurcated into bottles and cans . The bottles segment is dominating the market in 2022.
Based on distribution channel, the market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and direct selling . The direct selling segment is dominating the market in 2022.
Based on country, the market is segmented into Brazil, Argentina, and the rest of South & Central America. Further, Argentina is dominating the market in 2022.
A few key players dominating the South & Central America organic wine market are Avondale, EMILIANA ORGANIC VINEYARDS, GRGICH HILLS ESTATE, Kendall-Jackson, and The Organic Wine Company.
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