Sparkling Wines Market Consumption Analysis, Business Overview and Future Trends 2030|Bronco Wine Company, Casella Family Brands, Caviro Extra S.P.A

The global sparkling wines market size was valued at $33.9 billion in 2019, and is anticipated to reach $51.7 billion by 2027, growing at a CAGR of 7.3% during the forecast period.

Sparkling Wines Market by Type (Red, Rose, and White), Product (Cava, Champagne, Cremant, Prosecco, and Others), Price Point (Economy, Mid-range, and Luxury), and Sales Channel (Supermarket/Hypermarket, Specialty Stores, On Trade, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2027.

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Sparkling wines is a fermented carbonated beverage made with grapes and other fruits. The fermentation process results in the production of alcohol and CO2. During the fermentation process, the gas is not allowed to escape, and thus forms tiny bubbles. This carbonation of wine takes place either in bottles or large tanks. Carbonation can also result from CO2 injected into a few varieties of wines.

Rise in number of consumers suffering from alcohol addiction has been a great concern for governments of different nations. As a result, many governments have imposed stringent rules & regulations on the sales and distribution of these products. Moreover, there are restrictions on advertisements and promotions of such products, which restrict the marketing strategies available to the manufacturers. In addition, some governments also support campaigns and non-government organizations (NGO) that condemn the use of such beverages. These factors act as major hindrances for the market growth.

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Increase in demand for premium quality luxury goods and rise in disposable income & rapid urbanization are the driving factors of the sparkling wines market growth. Moreover, consumers, mainly millennials are more health conscious and are willing to try new, healthier alternatives to traditional soft drinks. Therefore, this factor is expected to escalate the popularity of sparkling wines.

The coronavirus pandemic has largely but negatively influenced the global sparkling wines market. Moreover, due to high demand and low supply trends, the prices and demand for sparkling wine products increased in 2020 to overcome economic instability. On the contrary, disruptions to the supply chain in shipping could lead to temporary shortages in the supply, putting upward pressure on prices in the short term.

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Segment Review:

According to the sparkling wines market analysis, the market is segmented into type, product, price point, sales channel, and region. Based on type, the market is segregated into red, rose, and white. By product, it is fragmented into cava, champagne, cremant, prosecco, and others. Depending on price point, it is divided into economy, mid-range, and luxury. By sales channel, it is classified into supermarket/hypermarket, specialty stores, on trade, and others. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Spain, Italy, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Singapore, New Zealand, and Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, the UAE, South Africa, Saudi Arabia, Turkey, and Rest of LAMEA).

Major Players:

Players in the market have adopted business expansion and product launch as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Accolade Wines Australia Limited, Bronco Wine Company, Casella Family Brands, Caviro Extra S.P.A, Constellation Brands, E. & J. Gallo Winery, Pernod Ricard, The Wine Group, Treasury Wine Estates, and Vina Concha Y Toro SA.

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Key benefits for stakeholders

The report provides quantitative analysis of the current sparkling wines market trends, estimations, and dynamics of the market from 2019 to 2027 to identify the prevailing market sparkling wines market opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis and the market size & segmentation assist to determine the market potential.
The major countries in each region are mapped according to their revenue contribution to the market.
The market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players in the sparkling wines industry.

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