Wine Fining Agent Market - 2023-2030

Overview

Global Wine Fining Agent Market reached US$ 624.1 million in 2022 and is expected to reach US$ 897. 7 million by 2030, growing with a CAGR of 4.65% during the forecast period 2023-2030.

The rising demand for high-quality wines drives the demand for the fining agent market. The market demand is due to their increased importance in producing wine with improved clarity and stability characteristics. There is a greater need for wine fining agents to produce wine that meets the demand of the consumer's appeal preferences and the specific quality standards set by industrial standard organizations.

Wine production and consumption is increasing globally. According to the International Organization of Vine and Wine, around 24.7 billion liters of wine are noted to be consumed globally in 2022. The growing popularity of wine consumption needs better quality wine production. The development of the wine industry in the developing and developed regions drives the scope of use of more fining agents to reach the demand of producing good quality wine.

Manufacturers are concentrating on developing wine fining agents that have a minimal impact on the wine flavor and aroma and have a greater impact on producing clarified and stable wines. Major players in the wine fining agent market rely on research and developmental activities to produce more effective wine fining agents. The advancements in technology for producing more efficient wine-finding agents boost the market expansion.

Dynamics

Rising Wine Popularity

The wine industry faces immense growth globally with increased wine production and consumption. According to the World Population Review, the annual global production of wine averages 260-270 MHA. With the increased production of wine, there is also an increased demand for wine fining agents that help improve the quality and appearance of the wines. The role of fining agents in enhancing the quality of wine by removing undesirable elements increases its importance in producing better wines.

Consumers are demanding wines that are refined and clear. The increase in demand for high-quality and premium wines boosts the wine fining agent market growth. Winemakers are adopting the use of various wine fining agents to produce clear and stable wines, that the consumers mostly prefer. The availability of wine fining agents in different forms and their easy and convenient use in providing consistency and uniformity for wines drive the market growth.

Innovative Wine Fining Agents

The emergence of various innovative fining agents in the wine industry drives the global fining agents market. With the increasing health and environmental concerns, consumers are demanding wine ingredients that are sustainable and environmentally friendly. The changing consumer preferences are giving rise to the development of clean-label wine-financing agents.

Wine producers are adopting advancements in wine manufacturing and incorporating innovative wine ingredients. Wine fining agent manufacturers focussing on developing allergen-free fining agents, due to the increasing health concerns associated with some fining agents. According to the World Animal Foundation, approximately 88 million vegans are present in the world. The increasing vegan population increases the production as a result the vegan fining agents in wine production will be increased during the forecast period.

High Costs and Allergic Concerns

The health risks related to some of the wine-fining agents hinder market growth. Traditional wine fining agents such as casein and egg white can lead to some allergic reactions in some individuals. According to the National Center for Biotechnology Information, cow's milk allergy in adults is rare but severe. 67% of the patients showed severe symptoms.

The rising concerns of intolerance of certain fining agents can restrain the market growth and drive manufacturers to alternative and specialized fining agents that are expensive. The increasing costs of fining agents may add more manufacturing costs to small-scale wineries. Further, the environmental challenges caused by sourcing and disposal of the fining agents can be a greater hindering factor for the market growth.

Segment Analysis

The global wine fining agent market is segmented based on source, type, form, category, function, price range, application, end-user and region.

Wide Popularity

The global wine fining agent market is segmented based on application into red wine, white wine and others. The red wine segment held the largest share due to the high demand for red wine among worldwide consumers. Red wine production has a higher importance on fining agents incorporation to remove excess tannins present in it. The role of fining agents in reducing the astringency of red wine drives the market demand in the target application segment.

The wide range of flavor choices and high health benefits of red wine make it a popular wine globally. With the increased demand for this type of wine, the use of fining agents in the application also increases, driving the segment growth. Common fining agents such as casein, egg white and bentonite are used as fining agents in red wine to clear the wine from undesirable substances and increase its quality. The high demand for premium red wines boosts the segment growth.

Geographical Penetration

High Demand for Premium Wines

Europe held the largest share of the global wine fining agent market. The wide wine industry operations in this region have a great impact on the largest share of the regional wine fining agent market. Europe has the largest wine producers. Italy, France, and Spain lead the market for wine production. The greater wine production needs more wine fining agents to produce high-quality wines.

The greater number of wineries and high demand for sustainable and organic winemaking practices drive the regional market growth. The consumers of this region demand a premium range of wine products. Using better fining agents in wine processing to produce high-quality and clear wine boosts the market growth in this region.

According to European Commission 2022 statistics, there were 2.2 million vineyard holdings for wine. Spain, France, and Italy accounted for about 74.9% of the EU area under vines. The greater number of vineyards drives the production of larger wine products. According to World Population Review, Italy produced the world's highest amount of wine, with an annual production of 44.5 million hectolitres in 2021, followed by France and Spain. The more the wine produced, the greater the need for wine fining agents for their clarification and stabilization.

Competitive Landscape

The major global players in the market include Scott Laboratories, Gusmer Enterprises, Enartis USA, Laffort USA, Kerry Group, Eaton Corporation, Dal Cin, Anchor Oenology, AEB Group and Erbsloh Geisenheim AG.

COVID-19 Impact Analysis

The outbreak of the COVID-19 pandemic moderately impacted the global wine-fining agent market. The scarcity of raw materials and reduced workforce affected production. Wine fining agent being the most important part of wine processing, also had a similar impact on the market. The strict regulations from the government resulted in the initial shutdown of many wineries.

The disruption in the supply chain activities reduced the economic activity of the market. The import and export restrictions halted the production and consumption of wine and negatively impacted the market. The shutdown of several bars and restaurants and the halt in many celebrations decreased the demand for wine. The low demand for wine lockdown had a bad impact on the wine-fining agent market.

The slight clearance of lockdowns and the use of e-commerce channels for product shopping started the sales in the wine market. The start of the careful production and distribution channels helped the product reach consumers. The increased health consciousness among people developed the organic and vegan wine fining agents market during the pandemic.

Russia- Ukraine War Impact

The Russia-Ukraine war had a negative impact on many industrial sectors, including the wine industry. The distribution channel and supply chain disruption affected the wine production and consumption, affecting the wine fining agent market. The war created import and export trade disruptions, resulting in economic disturbances. The political and economic uncertainty created by the war had a negative impact on the wine-fining agent market.

According to the International Organization of Vine and Wine, Spain exported 24.2 million euros of wine to Russia and 16.2 million to Ukraine in 2021. The Russia-Ukraine war in 2022 badly impacted the export transactions of various products, including wine. The large disruption in the import and export trade reduced the market sales.

By Source

• Plant
• Animal
• Mineral

By Type

• Traditional Fining Agent
  • Gelatin
  • Egg Whites
  • Isinglass
  • Casein
• Alternative Fining Agent
  • Bentonite Clay
  • Potato Protein Isolate
  • Activated Charcoal
  • Pea Proteins
  • Synthetic Polymers

By Form

• Liquid
• Powder
• Granular

By Category

• Organic
• Inorganic
• Complex

By Function

• Clarification
• Stabilization
• Flavor Enhancement
• Color Adjustment
• Others

By Price Range

• Premium
• Mid-range
• Economy

By Application

• Red Wine
• White Wine
• Rose Wine
• Fruit Wine
• Sparkling Wine
• Others

By End-User

• Commercial Wineries
• Boutique Wineries
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In September 2023, Y Series announced the launch of Pinot Noir, a vegan wine to their product line. Innovative and sustainable alternative fining agents craft the newly launched vegan wines.
• In June 2023, MycoKleer, a vegan fining agent, was introduced by Canadian food technology company, Chinova Bioworks. The new launch is effective in improving the clarity of the beverage.
• In October 2022, a Canadian-based food and beverage start-up, Chinova Bioworks, unveiled a dual-functioning fining agent, Mycobrio, derived from mushrooms. This natural preserving agent is used in low alcoholic beverages.

Why Purchase the Report?

• To visualize the global wine fining agent market segmentation based on source, type, form, category, function, price range, application, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of wine fining agent market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global wine fining agent market report would provide approximately 101 tables, 111 figures and 234 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies