Global Wine Aerator Market to Register a CAGR of 6.1% During 2019 - 2025
LOS ANGELES, December 3, 2019 (Newswire.com) - “Global Wine Aerator Market Insights, Forecast to 2025,” is the new report published by QY Research to provide a dashboard view of the global Wine Aerator market for the estimated period of 6-years. According to the author, the global Wine Aerator market was valued at US$ 244 Mn in 2018 and is anticipated to reach US$ 372 Mn by the end of 2025. The market is expected to exhibit a healthy CAGR of 6.1% over 2019 - 2025.
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Increased Demand for Quality Wine with Different Favors Expected to Fuel Growth of the Global Market
Increased consumption of quality wine is expected to fuel the growth of the global Wine Aerator market. The availability of a wide variety of wines for mixing and blending to offer different combinations is another factor contributing to the growth of the market. Increasing wine consumption as it offers health benefits is expected to propel the growth of the market. The rise in demand for exotic flavors due to changes in tastes and preferences of consumers is anticipated to foster market growth over the next few years.
Awareness Regarding Health Benefits of Wine to Drive the Growth of Commercial and Home Segment
Based on type, the global Wine Aerator market can be segregated into an Electric wine aerator and manual wine aerator. Based on applications, the market is bifurcated into commercial use and home use. Moderate consumption of wine offers health benefits such as reduces the risk of cholesterol and type 2 diabetes, boosts the immune system, and improve the cognitive function of the brain. Increasing awareness regarding these health benefits of wine has led to a rise in its usage in homes as well as the commercial sector.
Increasing Spending Power in Asia Pacific Region to Fuel the Growth of the Market
North America held a substantial share of the market, the growth is due to the rise in the number of grape production and availability of modern technologies for wine processing. The increasing level of disposable income in developing countries such as India and China, in the Asia Pacific region, is expected to fuel the growth of the global Wine Aerator market. Increasing consumption of wine due to changing lifestyles and the increasing influence of western culture in these countries is anticipated to stimulate market growth over the next few years.
Major Players Keen to Offer Innovative Solutions to Wine Consumers
Metrokane, Vinturio, Zazzol, Aervana, Soireehome, Vita Saggia, Tribellawine, Trudeau Corporation, Zhuhai Kelitong Electronic, and Coravin are some of the major companies functioning in the global Wine Aerator market. Major players of the market are keen on developing innovative and novel techniques for aeration and decantation of wine to improve taste and the quality of wine and to offer better solutions to wine consumers.
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Source: QY Research, Inc.
