According to IMARC Group latest report titled “Sparkling Wine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on sparkling wine market report. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global sparkling wine market size reached US$ 33.9 Billion in 2021. Looking forward, IMARC Group expects the market value to reach US$ 51.7 Billion by 2027, exhibiting a CAGR of 7.30 % during the forecast period (2022-2027).
Sparkling wine is a fermented carbonated beverage made with grapes and other fruits. The sparkling effect of this wine comes from its carbon dioxide (CO2) content. It is made using still wine that undergoes a secondary fermentation process in a bottle or a large tank designed to withstand the pressures involved. Sparkling wine has a high concentration of polyphenols that help regulate cells’ response to brain injuries during a stroke, Alzheimer’s disease, Parkinson’s disease, and other illnesses. In recent years, there has been increased demand for sparkling wine as it is widely consumed as a celebration drink on special occasions like birthdays, anniversaries, sports events, corporate parties, and social gatherings.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Trends:
The market is primarily driven by the growing influence of cocktail culture and the rising socialization trend among the young population. In addition, the expanding food tourism industry is escalating the demand for sparkling wines in luxury hotels and restaurants for gourmet cooking. Besides this, the emerging trend of celebrating parties and weekend gatherings across the corporate sector represents another major growth-inducing factor. Moreover, various key players are introducing canned sparkling wines in a range of unique and exotic flavors through online retail channels. They are also investing in aggressive promotional strategies to expand their consumer base and gain a competitive edge in the market. This, coupled with the emerging e-commerce industry, is creating a positive market outlook across the globe. Furthermore, the growing influence of social media, the increasing expenditure capacities of consumers, and the rising trend of gifting sparkling wines with personalized bottles and labels are some of the other factors contributing to the market growth.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Accolade Wines
- Bacardi Limited
- Bronco Wine Company
- Casella Family Brands
- Caviro Extra S.p.A.
- Constellation Brands Inc.
- Freixenet Sa (Henkell & Co. Sektkellerei)
- Giulio Cocchi Spumanti Srl
- Illinois Sparkling Co.
- Quady Winery
- Treasury Wine Estates
- Vina Concha Y Toro
Sparkling Wine Market Segmentation:
Our report has categorized the market based on region, type, product, price point and sales channel.
Breakup by Type:
- Red
- Rose
- White
Breakup by Product:
- Cava
- Champagne
- Cremant
- Prosecco
- Others
Breakup by Price Point:
- Economy
- Mid-range
- Luxury
Breakup by Sales Channel:
- Supermarket and Hypermarket
- Specialty Stores
- On Trade
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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