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Vinification Monitoring Market - Forecast(2023 - 2028)
Vinification Monitoring Market Overview
Vinification Monitoring Market size is projected to reach $3,700 million by 2026, growing at a CAGR of 6.1% over 2021-2026. Vinification is a procedure that requires the extraction of grapes juice into wine which are packed into wine bottles. There are two types of processes involved for monitoring - real time monitoring and control and quality monitoring. Malolactic fermentation is a kind of wine making process that helps to monitor the presence of bacteria. Viticulture is also known as wine growing that helps in harvesting of grapes. The acidity of wine plays an important role which is measured by titratable acidity. Growing consumption of wine among people and rising adoption of advanced technologies in order to support the large-scale wine production process is the major factor driving the growth of this market. Furthermore, the increasing number of wineries increases the production of wine is set to further enhance the overall market demand for Vinification Monitoring Market for the period 2021-2026.
Report Coverage
The report: “Vinification Monitoring Market Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Vinification Monitoring Market.
By Monitoring Type: Hardware and Software
By Fermentation: Alcoholic Fermentation, and Malolactic Fermentation
By Application: Red Wine, Rose Wine, and White Wine
By Geography: North America (U.S., Canada, Mexico), Europe (U.K, Germany, Italy, France, Spain, Russia, Rest of Europe), Asia Pacific (China, Australia, Japan, South Korea, India, Rest of Asia Pacific), South America (Brazil, Argentina, Others) and Rest of the World (Middle East, Africa)
Key Takeaways
- Geographically, in 2020, Europe dominated the Vinification Monitoring Market owing to growing adoption and intake of wine, rising advancement technology for the production of wine and rising availability of wine producers, thereby expanding the market growth.
- Growing consumption of wine among people and rising adoption of advanced technologies are likely to aid in the market growth of the Vinification Monitoring.
- Detailed analysis of the Strength, Weakness, and Opportunities of the prominent manufacturers operating in the market will be provided in the Vinification Monitoring Market report.
- High cost of wine making technologies is set to create hurdles for the Vinification Monitoring Market.
Vinification Monitoring Market Size, By Application 2020-2026 (USD Million)
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Vinification Monitoring Segment Analysis – By Monitoring Type
The Vinification Monitoring Market based on Monitoring Type can be further segmented into Hardware and Software. The Hardware segment is the major segment generating revenue in 2020. This is mainly owing to increasing development in the internet of things helps in advancing wireless technology that increases the wine production as it provides real time data that increases the role of titratable acidity and are increasing the growth of this market. The Software segment is estimated to register the fastest CAGR of 1.05% for the period 2021-2026. This is mainly owing to it helps in increasing the winery unit and production capacity and are increasing the growth of this market.
Vinification Monitoring Segment Analysis – By Application
The Vinification Monitoring Market based on Application can be further segmented into White Wine, Rose Wine, and Red Wine. The Red Wine segment registers for the highest Vinification Monitoring market share in 2020. This is mainly owing to its definite taste which increases popularity in alcoholic beverages. Moreover, it has more premium quality of wine that increases the consumption and demand of red wine and are rising the growth of this market. The Rose Wine segment is forecasted to register the fastest CAGR of 2% over 2021-2026. This is mainly owing to it provides various health benefits such as reduces risk of heart attack that are increasing the growth of this market.
Vinification Monitoring Segment Analysis – By Geography
Europe dominated the Vinification Monitoring Market with major share of 40% in 2020. This is owing to the growing adoption and intake of wine, rising advancement technology for the production of wine and rising availability of wine producers increases the growth in wine industry and are rising the growth of this region. According to World Health Organization, in 2020 more than 41.5% of population is consuming alcohol in France that increases the demand of viticulture and rising the growth of this market. However, Asia Pacific is estimated to outpace all the regions by clocking the highest CAGR of 3.05% during the forecast period 2021-2026 owing to increasing consumer awareness towards wine consumption and rising advancement in technology.
Vinification Monitoring Market Drivers
Growing Consumption of Wine Among People
Increasing consumption of wine among people and changing consumption patterns are increasing the growth of this market. Moreover, rising adoption of western culture increases the intake of wine that helps to increase the growth of the Vinification Monitoring Market over 2021-2026.
Rising Adoption of Advanced Technologies
Increasing technological development helps in increasing the wine production that rises the demand of Malolactic fermentation and is increasing the growth of this Market. Moreover, rising use of automation helps in easy processing of wine that increases the growth of Vinification Monitoring Market over 2021-2026.
Covid-19 Impact:
COVID-19 pandemic had greatly impacted the demand of Vinification Monitoring Market. Owing to shut down in the manufacturing units, the production of wine is stopped that reduces the sales and reduces the growth in wine industry and are negatively impacted the growth of this market.
Vinification Monitoring Market Challenges
High Cost of Wine Making Technologies
The factors that are set to impede the growth of the Vinification Monitoring Market encompass the high cost of wine making technologies and rising maintenance cost that create hurdles for the Vinification Monitoring Market.
Vinification Monitoring Landscape
Product launches, acquisitions, collaboration, joint ventures, and geographical expansions are key strategies adopted by players in the Vinification Monitoring Market. Vinification Monitoring top 10 companies are Aqualabo, Winegrid, EuroCave, Avast Solutions, LG Electronics, MS Winery Software, Xudle Inc., ATPGroup, Della Toffola, and Northern Brewer.
Development
- In November 2020, ATP Group developed a product which can break the cap in the vinification of red wine.
Relevant Reports
Report Code: CPR 0042
1. Vinification Monitoring Market Overview
1.1 Definitions and Scope
2. Vinification Monitoring Market Executive Summary
2.1 Market Size and Key Trends
2.2 Key trends by Monitoring Type
2.3 Key trends by Fermentation
2.4 Key trends by Application
2.5 Key trends by Geography
3. Vinification Monitoring Market Landscape
3.1 Market Share Analysis- Key Companies
3.2 Product Benchmarking- Key Companies
3.3 Financial Analysis - Key Companies
3.4 Patent Analysis
3.5 Pricing Analysis
4. Vinification Monitoring Market- Startup companies Scenario Premium Premium
4.1 Key startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Application Analysis
4.1.4 Venture Capital and Funding Scenario
5. Vinification Monitoring Market- Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case Studies of successful ventures
6. Vinification Monitoring Market Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Customers
6.3.3 Threat of New Entrants
6.3.4 Rivalry Among Existing Players
6.3.5 Threat of Substitutes
7. Vinification Monitoring Market Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Vinification Monitoring Market – By Monitoring Type (Market Size -$Million/$Billion)
8.1 Hardware
8.2 Software
9. Vinification Monitoring Market – By Fermentation (Market Size -$Million/$Billion)
9.1 Alcoholic Fermentation
9.2 Malolactic Fermentation
10. Vinification Monitoring Market– By Application (Market Size -$Million/$Billion)
10.1 White Wine
10.2 Rose Wine
10.3 Red Wine
11. Vinification Monitoring Market- By Geography (Market Size -$Million/$Billion)
11.1 North America
11.1.1 U.S.
11.1.2 Canada
11.1.3 Mexico
11.2 Europe
11.2.1 U.K.
11.2.2 Germany
11.2.3 Italy
11.2.4 France
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Asia-Pacific
11.3.1 China
11.3.2 Australia
11.3.3 Japan
11.3.4South Korea
11.3.5 India
11.3.6 Rest of Asia-Pacific
11.4 South America
11.4.1 Brazil
11.4.2 Argentina
11.4.3 Others
11.5 Rest of the World
11.5.1 Middle East
11.5.2 Africa
12. Vinification Monitoring Market Entropy
13. Vinification Monitoring Market- Industry / Segment Competition landscape Premium Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Key companies
13.1.2 Market Share by Region- Key companies
13.1.3 Market Share at Global Level- Key companies
13.1.4 Best Practices for Companies
14. Vinification Monitoring Market- Key Company List by Country Premium Premium
15. Vinification Monitoring Market Company Analysis
15.1 Company Revenue, Products, M&A, Developments
15.2 Company 1
15.3 Company 2
15.4 Company 3
15.5 Company 4
15.6 Company 5
15.7 Company 6
15.8 Company 7
15.9 Company 8
15.10 Company 9
15.11 Company 10
"*Financials for private companies would be provided on a best efforts basis”.
LIST OF TABLES
LIST OF FIGURES
1.US Vinification Monitoring Market Revenue, 2019-2024 ($M)2.Canada Vinification Monitoring Market Revenue, 2019-2024 ($M)
3.Mexico Vinification Monitoring Market Revenue, 2019-2024 ($M)
4.Brazil Vinification Monitoring Market Revenue, 2019-2024 ($M)
5.Argentina Vinification Monitoring Market Revenue, 2019-2024 ($M)
6.Peru Vinification Monitoring Market Revenue, 2019-2024 ($M)
7.Colombia Vinification Monitoring Market Revenue, 2019-2024 ($M)
8.Chile Vinification Monitoring Market Revenue, 2019-2024 ($M)
9.Rest of South America Vinification Monitoring Market Revenue, 2019-2024 ($M)
10.UK Vinification Monitoring Market Revenue, 2019-2024 ($M)
11.Germany Vinification Monitoring Market Revenue, 2019-2024 ($M)
12.France Vinification Monitoring Market Revenue, 2019-2024 ($M)
13.Italy Vinification Monitoring Market Revenue, 2019-2024 ($M)
14.Spain Vinification Monitoring Market Revenue, 2019-2024 ($M)
15.Rest of Vinification Monitoring Market Revenue, 2019-2024 ($M)
16.China Vinification Monitoring Market Revenue, 2019-2024 ($M)
17.India Vinification Monitoring Market Revenue, 2019-2024 ($M)
18.Japan Vinification Monitoring Market Revenue, 2019-2024 ($M)
19.South Korea Vinification Monitoring Market Revenue, 2019-2024 ($M)
20.South Africa Vinification Monitoring Market Revenue, 2019-2024 ($M)
21.North America Vinification Monitoring By Application
22.South America Vinification Monitoring By Application
23.Vinification Monitoring By Application
24.APAC Vinification Monitoring By Application
25.MENA Vinification Monitoring By Application