Electric Wine Aerator Market Size, Share, Growth, and Industry Analysis by Type (Chargeable and Battery) By Application (Home Use, Commercial Use, and Others), Regional Insights, and Forecast To 2031

Updated On: 22 April 2024

ELECTRIC WINE AERATOR MARKET REPORT OVERVIEW 

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The global electric wine aerator market size expanded rapidly in 2022 and the market is projected to grow substantially by 2031, exhibiting a prodigious CAGR during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the electric wine aerator market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels.

Chemical elements are used to produce wine. Two chemical reactions, oxidation and evaporation, take place when the wine bottle is opened and served into glasses, helping to decrease undesirable flavors in the wine. This is Wine Aerator's most basic creation. A wine aerator is a tool for enhancing the flavor and quality of wine. It is made out of a pump that pumps air through the wine, breaking down the gas bubbles that lead to deterioration. This enables the wine to open up and develop its full flavor. Due to changing consumer lifestyles and rising disposable money, the demand for premium wine is rising quickly.

Consumer awareness of the advantages of electric wine aerators, such as enhanced flavor and aroma, is expected to increase demand for these products in the near future. During the next years, the electric wine aerator market is expected to rise as a result of a rising trend among consumers to hold gatherings and parties at home. Internet shopping platforms are multiplying. Electric wine aerator is increasingly being sold on internet retail platforms, giving customers simple access to these goods, etc.

COVID-19 Impact: Halt on Manufacturing Operations to Slower Market Growth

Global markets, and electric wine aerator market in particular, have undergone a dramatic upheaval as a result of the COVID-19 epidemic. The widespread shutdown of numerous sites and the resulting restrictions on public transportation impacted the distribution networks throughout the world. However, the International Organization of Vine and Wine (OIV) estimates that due to unpredictable consumption patterns in various nations throughout the world, world wine consumption will be 234 mhl in 2020, a 3% reduction from the previous year.

LATEST TRENDS

"Rising Popularity of Wine to Boost Market Growth"

Due to a rise in the consumption of high-quality wine, an upward trend in the electric wine aerator market for wine aerators is anticipated. The worldwide wine aerator market is anticipated to experience growth during the projected period due to the rising popularity of wine among young people in regions like North America, South America, and Europe's nightclubs and bars. Also, there is a tendency to hold annual wine festivals where a sizable crowd is offered wine; this factor may also propel the electric wine aerator market during the forecast period.

ELECTRIC WINE AERATOR MARKET SEGMENTATION 

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• By Type Analysis

As per the type, the market is classified as follows: Chargeable and Battery. The Chargeable type is expected to lead the electric wine aerator market share.

• By Application Analysis

Based on application, the market is segmented as follows: Home Use, Commercial Use, and Others. Application in Home use dominates the electric wine aerator market share.

DRIVING FACTORS

"Rising Consumer Knowledge to Facilitate Market Development"

The rising consumer knowledge of the advantages of wine aeration and rising premium wine demand are major reason for electric wine aerator market development. The electric wine aerator market is expanding as a result of the expanding trend of employing wine aerators for commercial purposes. In recent years, purchasing alcohol has been an increasingly popular choice. During the projected period, this trend is anticipated to continue. The advantages for the customers include a convenient shopping experience, prompt home delivery, a variety of offers, and others. To increase their sales in the electric wine aerator market, manufacturers are concentrating on creating new e-commerce platforms and forming partnerships.

"Increased Consumption of Wine to Promote Industry Progress"

The intake of alcoholic beverage is now more likely to be linked to a wealthy and opulent lifestyle, which encourages electric wine aerator market expansion. Customers in the major industrialized nations are intrepid and eager to purchase a wide range of high-quality goods. In the majority of electric wine aerator markets around the world, the drink's demand and consumption have maintained steady. The biggest change was in the consumers' purchasing behavior as they increasingly migrated to buying the beverage online as on-trade channels were firmly closed. In contrast, an increase at all price points was seen in off-trade channels

RESTRAINING FACTORS

"Introduction of Other Alcoholic Beverages to Hinder Market Growth"

Global factors like increased modernization and rising alcohol consumption have prodded the makers of alcoholic beverages to introduce daring and original new varieties of their products. the steady movement in customer tastes towards other alcoholic beverages due to their affordability, including liqueurs, spirits, beer, and others. The majority of alcohol used annually worldwide, or about 400 billion liters, is beer, lagers, and cider, according to American Addiction Centers (AAC). Beer had a 45.5% market share in the United States in 2018, followed by liquor with a 37.3% share and this product with a 17.2% share. Thus, the tendency of switching to alternative alcoholic beverages is projected to slow electric wine aerator market growth in the near future.

ELECTRIC WINE AERATOR MARKET REGIONAL INSIGHTS

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"Increase in Demand to Propel Market Progress in Asia"

In the global electric wine aerator market, Asia is anticipated to account for a sizeable market share. This is due to the increasing consumption of numerous ethnic cuisines and westernized trends among consumers. Domestic vineyards have been growing rapidly in China during the past few years. The government is also offering short-term aid to local grape farmers for projects like water supply, road renovation, electrical infrastructure, technical training, nursery imports, and infrastructure projects. These vineyards are anticipated to help the Asia region's electric wine aerator market flourish as a result of Chinese customers' growing preference for domestic goods.

KEY MARKET PLAYERS

"Market Players Focus on New Product Launches to Strengthen Market Position"

Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.   

List of Market Players Profiled

• Vinturi (U.S.)
• Metrokane (Taylor Precision) (U.S.)
• Vintorio (U.S.)
• Zazzol (U.S.)
• Soireehome (U.S.)
• Aervana (U.S.)
• Tribellawine (U.S.)
• Vita Saggia (U.S.)
• Shenzhen Sinowin Wine Accessories (China)
• Zhuhai Kelitong Electronic (China)
• Trudeau Corporation (Cananda)
• Coravin (U.S.)

REPORT COVERAGE

The report covers overall market aspects, including the market segmentation based on its type and application. The report depicts a diverse group of participants that includes the market and the potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.