Sparkling Wine Market Size, Share, Growth, Trends, Demand and Forecast 2023-2028

According to IMARC Group latest report titled “Sparkling Wine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on sparkling wine market trends. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global sparkling wine market size reached US$ 36.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 55.4 Billion by 2028, exhibiting a growth rate (CAGR) of 7% during 2023-2028.

Sparkling wine is a type of effervescent wine characterized by its distinctive bubbles, which result from carbon dioxide gas that is produced during the fermentation process. Typically, these wines undergo a secondary fermentation either in the bottle or in large tanks, creating the carbonation that gives them their lively and celebratory effervescence. The carbonation process is often facilitated by the addition of sugar and yeast to the base wine, leading to the production of bubbles that range from fine and delicate to vigorous and pronounced, depending on the winemaking method employed. Sparkling wines can be produced in various styles, ranging from dry to sweet, and are commonly associated with celebratory occasions and festivities. The most renowned types of sparkling wine include Champagne, Prosecco, Cava, and other regional variations, each distinguished by specific grape varieties, production techniques, and unique flavor profiles. With its effervescent charm and versatility, sparkling wine has become a symbol of elegance and festivity, making it a popular choice for toasts, gatherings, and special events across the globe.

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Market Trends:

The shifting consumer preferences towards celebratory and premium alcoholic beverages are driving the global market. Additionally, the rising culture of social gatherings and celebratory events, coupled with the growing trend of luxury lifestyles, has propelled the demand for sparkling wines as an essential part of social and festive occasions. Moreover, the increasing popularity of sparkling wines as a versatile and refreshing beverage option for a diverse range of culinary experiences has further heightened their consumption, augmenting market growth. Furthermore, the emergence of innovative marketing strategies and product diversification by key industry players has played a pivotal role in expanding the consumer base, with an emphasis on engaging younger demographics through novel branding and product positioning. Additionally, the growing trend of wine tourism and the establishment of dedicated wine tourism destinations have contributed to the promotion of sparkling wine consumption, fostering a culture of wine appreciation and exploration.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

  • 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 (2017-2022)
  • Market Outlook (2023-2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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