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Sparkling Wine Market Poised to Reach US$ 55.4 Billion 2023-2028, Driven by Impressive 7% CAGR: IMARC Group

08-24-2023 08:53 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: IMARC Group

Sparkling Wine Market

Sparkling Wine Market

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. 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.

What is Sparkling Wine?

Sparkling wine, a quintessential symbol of celebration and luxury, is a meticulously crafted effervescent libation that captivates the palate with its distinct charm. Characterized by its elegant bubbles and effervescence, sparkling wine undergoes a secondary fermentation process that imbues it with the delightful fizz that sets it apart. This genre of wine encompasses a spectrum of styles, with the iconic Champagne reigning as the epitome of refinement, alongside other renowned variants such as Prosecco and Cava. Beyond its effervescence, sparkling wine embodies a legacy of craftsmanship and tradition, making it a cherished beverage for commemorating milestones and elevating everyday moments into memorable experiences.

Request to Get the Sample Report: https://www.imarcgroup.com/sparkling-wine-market/requestsample

What are the growth prospects and trends in the sparkling wine industry?

The global sparkling wine market is driven by shifting consumer preferences and evolving market dynamics. One key driver is the shift in societal norms that embrace celebration and indulgence. Sparkling wine's association with festivity and sophistication makes it a preferred choice for commemorating achievements, occasions, and festivities. As lifestyles evolve to incorporate more occasions for celebration, the demand for sparkling wine experiences a continuous increase, generating avenues for market expansion. Moreover, the rise of experiential consumption has redefined the wine landscape, and sparkling wines are at the forefront of this transformation. A growing interest in wine tourism and culinary experiences has spurred an exploration of diverse wine styles, including sparkling varieties. Vineyard tours, tasting events, and food pairing experiences offer consumers a deeper connection to the world of sparkling wines, fostering brand loyalty and consumer engagement.

Explore Full Report with Table of Contents: https://www.imarcgroup.com/sparkling-wine-market

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

Browse Other Reports:

Luxury Hotel Market: https://www.imarcgroup.com/luxury-hotel-market

Cat Food Market: https://www.imarcgroup.com/cat-food-market

Smart Labels Market: https://www.imarcgroup.com/smart-labels-market

Siding Market: https://www.imarcgroup.com/siding-market

Laboratory Automation Market: https://www.imarcgroup.com/laboratory-automation-market

Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe:- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

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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