Sparkling Wine Market 2022-2027: Industry Report, Demand, Size, Share, Revenue and Forecast

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. 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 alcoholic beverage saturated with carbon dioxide gas. It is commonly available in red, rose and white variants that are produced using still wine that undergoes secondary fermentation in a mixture of yeast, sucrose nutrients and additives. Sparkling wine is a rich source of polyphenols and antioxidants that can aid in preventing oxidative stress in the body and minimizing the risks of stroke and developing Alzheimer's disease. It is widely served across restaurants, hotels, microbreweries, cafes, pubs and bars on special occasions, events and parties.

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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 global sparkling wine market is primarily being driven by the increasing preference for premium alcoholic beverages among the masses, especially millennials. In line with this, the rising number of distilleries that offer a variety of wine-based experimental cocktails is also providing a thrust to the market growth. Moreover, various product innovations, such as the launch of sparkling wines in exotic flavors and alcohol-free variants, are favoring the market growth. Other factors, including the increasing trend of gifting sparkling wines with customized bottles and labels, along with increasing expenditure capacities of the consumers, are creating a positive outlook for the market.

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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

We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.

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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.

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