The global cooking wine market size is expected to reach USD 427.2 million by 2027, expanding at a CAGR of 3.7% over the forecast period, according to a new report by Grand View Research, Inc. Ability of the cooking wine to enhance the taste and flavor of the food is the primary reason behind its increasing adoption. Its multipurpose application in quick sautés or hours long braises, sauce-making or baking gives all kinds of cooks a space to try its application in their dishes uniquely.
The
use of cooking wines is also increasing for the preparation of soups and
stews. It is considered that red wine works in synergy with soups having meat
and root-vegetable concoctions, such as beef stews and cream soups. Red wine is
also suitable for slow cooking stews. Likewise, seafood soups go along with
dessert forms, including Madeira, Marsala or sherry. White variants are often
used for poaching eggs and cooking pastas. Various restaurants are often seen
cooking spaghetti and risotto with red variants owing to their color as well as
deeper flavors.
Cooking
wines are also popularly used for cooking pan sauces. Madeira, a dessert wine,
is used to make sauce for dishes based on bird meat. Crisp white wine is used
to prepare sauce for dishes with pork, chicken, and seafood. Red variants are
used to make sauce for dishes with steaks and mushrooms. These are also widely
used to prepare spaghetti sauce.
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Further key
findings from the study suggest:
- On the basis
of product, the white form is likely to reach USD 147.1 million by 2027,
attributed to the multipurpose use of these products in a variety of
recipes
- The red
product segment is expected to expand at the fastest CAGR of 4.1% from
2020 to 2027. Growing importance of this variant due to its health
benefits, such as improvement of cardiovascular health and gut microbiome,
is expected to remain a favorable factor for the segment growth
- Based on
application, the B2B segment is expected to account for more than 68%
share of the global revenue by 2027. This is attributed to increasing
preference for gourmet food among the millennials in fine dine restaurants
- Asia Pacific
is likely to exhibit a CAGR of 4.1% over the forecast period owing to
growing popularity of these alcoholic ingredients in Korean and Japanese
cuisines
- Some of the
prominent companies present in the cooking wine market are AAK AB; Batory
Foods; De Vinco Company; ECOVINAL; Elegre; Iberica Export; LinChen Inc.;
Marina Foods, Inc.; Stratas Foods; The Kroger Co.; and Mizkan America,
Inc.
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Grand View Research has
segmented the global cooking wine market on the basis of product, application,
and region:
Cooking Wine
Product Outlook (Revenue, USD Million, 2016 - 2027)
- White
- Red
- Dessert
- Others
Cooking Wine
Application Outlook (Revenue, USD Million, 2016 - 2027)
- B2B
- B2C
Cooking Wine
Regional Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- U.S.
- Europe
- France
- Italy
- Germany
- Asia Pacific
- China
- Australia
- Japan
- Central & South America
- Middle East & Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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