With a market share of 37.7% and a projected value of US$426.8 million in 2023, the US wine bottle sterilizer market is seeing significant growth. UK and Germany are the most lucrative markets for wine bottle sterilizers in Europe.
NEWARK, Del, Dec. 22, 2022 (GLOBE NEWSWIRE) — The wine bottle sterilizer market size has been valued at USD 1,132.2 Million in 2023 and is expected to grow to US$ 1,597.1 Million by 2033, at a CAGR of 3.5% during the forecast period.
The outbreak of Covid-19 has had a significant impact on the Wine Bottle Sterilizer market. The demand for Wine Bottle Sterilizers has increased significantly as consumers look for ways to protect themselves from the virus.
Wine bottle sterilizer is an essential tool for any wine enthusiast. This simple device uses ultraviolet light to clean and sterilize your wine bottles, keeping them free of harmful bacteria and contaminants. Moreover, home brewing is now considered a free time activity which requires the utilization of a wine bottle sterilizer.
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The increasing demand for wine globally is the key factor driving the growth of the wine bottle sterilizer market. The growing popularity of organic wines is also fuelling market growth. The demand for premium wines is being driven by increased disposable incomes and shifting lifestyle preferences, which in turn is supporting market expansion. With the increase in wine bars and restaurants, wine bottle sterilizers are anticipated to become more widely used.
An electric wine bottle sterilizer is an easy and effective way to clean your wine bottles. This type of sterilizer uses electricity to heat up a small element inside the device, which in turn sterile the bottles.
Germany currently has a wine bottle sterilizer market share of around 21.9% in the global market.
The winery industry is the one that has a major use for this type of equipment.
During the forecast period, the wine bottle sterilizer market is expected to grow at a rapid CAGR of 3.5%.
In the North American Region, the wine bottle sterilizer market is dominated by the United States, with a global market share of 37.7%.
In terms of the wine bottle sterilizer market size, the United States is expected to have a total market capitalization of USD 426.8 million in 2023.
During the forecast period, the UK Wine Bottle Sterilizer market is expected to grow at a CAGR of 6.5%.
There are many factors that have contributed to the rise in popularity of Wine Bottle Sterilizer equipment, but one of the biggest drivers has been the increased demand and consumption of wine in several bars, restaurants and homes as well.
The top 4 manufacturers of Wine Bottle Sterilizer are Midwest Supplies LLC, Wine Guardian, The Vintner’s Friend, and Presque Isle Wine Cellars.
The competitive landscape of the Wine Bottle Sterilizer market is quite fragmented with the presence of a large number of small and medium-sized players. The key players in the market are focused on expanding their product portfolio and geographical reach to gain a competitive edge over their peers. The leading players in the market are also investing in research & development activities to develop innovative products.
In November 2022, Wine Guardian pronounced the addition of a first-hand ductless split wine room cooling system to their collection. It was shaped explicitly for deployment in wine walls, where it provides the best cooling and ventilation to sustain long-term storage settings for assortments of excessive wine.
In January 2021, the multi-functional dryer was announced by Aquatech BM. It has an abundant capacity and is easy to use. It also qualifies for rapid evaporation.
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Future Market Insights, in its new offering, provides an unbiased analysis of Wine Bottle SterilizerF presenting historical demand data (2018-2022) and forecast statistics for the period from 2023-2033.
The study provides valuable insight on the Wine Bottle Sterilizer market based on by Type (Electric, and Non-electric), by Material (Plastic, Glass, and Metal), by Application (Wineries, Restaurants, Bars, and Hotels), by Distribution Channel (Supermarkets/Hypermarkets, Speciality Stores, Convenience Stores, and E-commerce Websites).
Wine Bottle Sterilizer Market Segmentation
By Distribution Channel:
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.2. Scenario Forecast
3.3. Product launches & Recent Developments
3.4. Product Life Cycle Analysis
3.5. Value Chain Analysis
3.6. Global Market – Pricing Analysis
3.7. Forecast Factors – Relevance & Impact
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
3.13. Consumers Survey Analysis
3.14. Macro-Economic Factors
3.15. Product Claims & Nutritional Information Scan by Buyers
4. Global Market Analysis 2018-2022 and Forecast, 2023-2033
4.1. Historical Market Size Value (US$ Mn) & Volume (MT) Analysis, 2018-2022
4.2. Current and Future Market Size Value (US$ Mn) & Volume (MT) Projections, 2023-2033
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