Global Sparkling Wine Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
Global Sparkling Wine Market: Overview
Sparkling wine is a type of wine with bubbles created by fermentation. It is known by different names in various parts of the world. Sekt, Cava, and Prosecco are a few sparkling wines from Germany, Spain, and Italy, respectively. Sparkling wine is served chilled along with various types of cuisines.
S sparkling wine is commonly made with two methods: the Charmat-Martinotti method, also known as Metodo Italiano, or the Champagne method, also known as Méthode Champenoise. It is often comped with champagne owing to its fuzzy texture. While production of champagne is restricted to the champagne district in France, sparking wine is made worldwide.
Global Sparkling Wine Market: Dynamics
Increasing demand for sparkling wine with premium quality and taste is a major factor driving the growth of the global sparkling wine market. In addition, the growing consumption of sparkling wine at celebratory events, festivals, and recreational purposes is another factor supporting the global market growth.
The availability of various types of wines in the market is increasing the preference of individuals for their consumption. Sparkling wine contains fewer calories, helps to tighten skin, and improves heart health. Furthermore, the growing e-commerce sector, coupled with changing lifestyles and rising disposable income among individuals, is expected to augment the growth of the global sparkling wine market shortly.
However, the high cost of sparkling wine is a factor that may hamper the growth of the global sparkling wine market.
Global Sparkling Wine Market: Segment Analysis
Among the product type segments, the prosecco segment is expected to register lucrative growth in terms of revenue shortly. Prosecco sparkling wine is made using prosecco grapes with Charmat sparkling method. It can be paired with a wide variety of cuisines, fueling the growth of this segment in the global market.
Among the distribution channel segments, the online store's segment is anticipated to register high growth in terms of revenue over the forecast period. Availability of a variety of premium quality sparkling wines and categorization of wines based on cost are factors expected to support the growth of this segment in the target market.
Global Sparkling Wine Market: Regional Analysis
Currently, the market in North America dominates the global market in terms of revenue and is expected to maintain its position over the forecast period. The increasing trend of consumption of sparkling wine on celebratory occasions is a factor driving the growth of the target market in this region. In addition, increasing the use of sparkling wine as a gift at celebratory events is another factor anticipated to support the growth of the sparkling wine market in North America.
Market in Europe is expected to account for lucrative growth in terms of revenue shortly. Countries in Europe are major producers, and consumer of champagne is another factor fueling the growth of the target market in this region.
Global Sparkling Wine Market Segmentation:
Segmentation by Product Type:
- Others (Crémant, Sekt, etc.)
Segmentation by Distribution Channel:
- Supermarkets & Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Stores
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Moët Hennessy USA, Inc.
- ILLINOIS SPARKLING CO.
- The Sparkling Wine Co.
- Pernod Ricard SA
- & J. Gallo Winery, Inc.
- LVMH Moët Hennessy Louis Vuitton SE
- Treasury Wine Estates Limited
- Constellation Brands, Inc.
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