REPORT OBJECTIVES
The report Cooking Wine : Global Market Intelligence ( 2023-2030 ) provides market intelligence on the different market segments, based on Type, Distribution Channel, Region, Company etc. Market size and forecast (2020-2030) has been provided in the report. The primary objectives of this report are to provide 1) comprehensive global market intelligence through detailed segmentation, 2) market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends, 3) detailed analysis of current dynamics and trends, key market players, and strategies in the market, 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants, 5) provide emerging opportunities in the market and the future impact of major drivers and restraints of the market and, 6) support decision makers in making cost-effective business decisions.

RESEARCH METHODOLOGY
In our market size and forecast determination efforts, an extensive secondary research was initially completed to gain a good perspective of the market in each region. Extensive primary research was also carried out by interviewing the key executives from the industry. These interviews helped us to fill-in the data gaps after secondary research. Several secondary sources such as encyclopedia, directories, and databases have been used to identify and collect information useful for this extensive techno-commercial study. The respondents – selected experts from manufacturers and selected suppliers – have been interviewed to obtain and verify critical information as well as to assess the future prospects. The usage of obtained information is based on the perceived reliability by the research team. In many cases, a combination of several sources was used. Sprout Intelligence provides an in-depth analysis of the market segmentation, which is a critical element of the market intelligence reports at Sprout Intelligence.

KEY AUDIENCE
Executives in marketing, strategic planning and new product development will find such discussions in our reports pertinent and useful. Management consultants, investment bankers, manufacturers, distributors, suppliers, and regulatory authorities are amongst our regular clientele served.

DATA SOURCES
The general data sources used in this report are company websites, trade association publications, regulatory authorities, journals, magazines, news websites, press releases, media publications, interaction with industry experts, company executives, research papers, articles, patents, scientific literature, among many others.

KEY FINDINGS FROM THE REPORT
• The Cooking Wine market was valued at $320.8 Million in 2020, and is projected to reach $807.8 Million by 2030 growing at a CAGR of 10.86% from 2021 to 2030.
• Dessert segment is expected to be the highest contributor to this market, with $126.0 Million in 2020, and is anticipated to reach $315.6 Million by 2030, registering a CAGR of 10.80%.
• White segment is anticipated to reach $252.0 Million by 2030 with the highest CAGR of 10.90%.
• Dessert and White segments collectively expected to account for about 70.4% share of the Cooking Wine market in 2020, with the former constituting around 39.3% share.
• White and Dessert segments are expected to witness significant growth rates at a CAGR of 10.90% and 10.80% respectively, during the forecast period.
• Presently, share of these two segments is estimated to be around 70.4% in the overall Cooking Wine market in 2020, and is anticipated to reach 70.3% by 2030.
• The global cooking wine market is witnessing significant growth driven by evolving consumer culinary preferences and a growing trend towards gourmet cooking at home.
• The increasing demand for diverse and authentic flavors in culinary preparations has created opportunities for market players to introduce innovative and premium cooking wine offerings.
• Additionally, the rise in disposable incomes and a surge in the number of consumers experimenting with international cuisines contribute to the expanding market landscape.
• As consumers become more health-conscious, there is an emerging opportunity for low-alcohol or alcohol-free cooking wine variants to cater to this segment.
• Furthermore, the market is benefiting from the growing awareness of the versatility of cooking wine in enhancing the taste profiles of various dishes, providing ample scope for marketing campaigns emphasizing its utility across different cuisines.
• In summary, the dynamic interplay of evolving consumer tastes, the pursuit of culinary excellence at home, and the rising demand for diverse and healthier options collectively propel the growth and innovation within the global cooking wine market..