Understanding COVID-19’s impact on the Wine Processing Equipment Market, Infers FMI
Global wine processing equipment market size is anticipated to grow from US$ 1.5 Bn in 2023 to US$ 2.7 Bn by 2033, with overall sales exhibiting a CAGR of 6.2% throughout the forecast period. Rising consumption of various types of wine especially red wine and sparkling wine across the world is a key factor driving the global wine processing equipment market. People across countries like the U.S., France, and the U.K. include wine in their day-to-day meals, which has prompted manufacturers to use advanced machinery. This will continue to boost market through 2033. Wine processing equipment are solutions used for manufacturing wine from various sources. They have gained immense traction during the last few decades due to increasing consumption of wine and the trend is likely to continue during the forecast period. Similarly, growing need for increasing productivity during wine manufacturing is expected to push the demand for wine processing equipment during the forecast perio