Sparkling Wine Market | Key players operating in the market include Bacardi and Company Limited, Bronco Wine Co., Casella, Constellation Brands, Inc

According to our latest study "Sparkling Wine Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type (White, Red, and Rose), Packaging Type (Bottles and Cans), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)," the market is projected to reach 55.80 billion by 2028 from 41.64 billion in 2021; it is expected to grow at a CAGR of 4.3% from 2021 to 2028. The report highlights key factors driving the market and prominent players, along with their major developments, in the market.

Sparkling wine is a variant of wine with a high carbon dioxide content, which adds additional bubbling to it. Champagne is one of the most widely popular types of sparkling wine. It is the wine manufactured in the Champagne region in France; however, many sparkling winemakers in the US use this name for their locally manufactured products.

Rapid socioeconomic changes and fast-paced urbanization are bolstering the demand for sparkling wine. With continuous rise in living standards and buying power, customers desire to purchase high-quality, luxurious items. Moreover, changes in lifestyle transform their food habits and meal preferences. Thus, the demand for sparkling wine in parties, marriages, and social gatherings is on rise. With the growing preference for drinks with low or no alcohol content, the popularity of this wine is increasing among millennials, teenagers, and working populations, and in bachelors and people living in hostels. Furthermore, social media and the Internet have a significant impact on all generations, while increase in parties and social events are leading to the high consumption of sparkling wine globally, primarily in developed nations such as the US, Canada, Mexico, Germany, France, and Italy.

Click here to avail lucrative discounts on our latest reports. We offer student, enterprise, and special periodic discounts to our clientele. Please fill the inquiry form below to know more - https://bit.ly/3NsKTL7

Some of the key players in this market include

• Bacardi and Company Limited
• Bronco Wine Co.
• Casella
• Constellation Brands, Inc.
• Henkell Freixenet
• Schramsberg Wineyards
• Pernod Ricard Winemakers
• The Sparkling Wine Co.
• Treasury Wine Estates Ltd
• Chandon

Sparkling Wine Market, by Type

• White
• Red
• Rose

Sparkling Wine Market, by Packaging Type

• Bottles
• Cans

Sparkling Wine Market, by Distribution Channel

• Supermarkets and Hypermarkets
• Specialty Stores
• Online Retail
• Others

Impact of COVID-19 Pandemic on Sparkling Wine Market

Sparkling winemakers have been significantly affected by the scarce availability of workers during the COVID-19 pandemic, which hampered their production capacity. In addition, the shutdown of wholesale markets has compelled manufacturers to rely primarily on supermarkets and e-commerce dealers to sell their sparkling wine products. Despite the pandemic, there has been a rise in the sales of rose and sparkling wine. Further, with the reopening of several markets, acceleration of vaccination development, and initiatives taken by various governments to support economic and industrial growth, the performance of the sparkling wine market is anticipated to improve in the coming years. In addition, e-commerce platforms have contributed significantly to the enhancement of sparkling wine sales amid the COVID-19 crisis. More than 85% of wineries that sell their products online have increased their online sales approach in order to capture the newfound growth within the online channel for sparkling wines.

Have a 15-minute long discussion with the lead analyst and author of the report in a time slot decided by you. You will be briefed about the contents of the report and queries regarding the scope of the document will be addressed as well - https://bit.ly/3bDsr5k

The Insight Partners Sparkling Wine Market Research Report Scenario includes:

 The report provides qualitative and quantitative trends of global Sparkling Wine Market across type, type of products, service, and geography.
 The report starts with the key takeaways (Chapter Two), highlighting the key trends and outlook of the global Sparkling Wine Market.
 Chapter Three provides the research methodology of the study.
 Chapter Four further provides PEST analysis for each region.
 Chapter Five highlights the key industry dynamics in the Sparkling Wine Market, including factors that are driving the market, prevailing deterrent, potential opportunities as well as future trends. Impact analysis of these drivers and restraints is also covered in this section.
 Chapter Six discusses the global Sparkling Wine Market scenario, in terms of historical market revenues, and forecast till the year 2028.
 Chapter Seven to ten discuss Sparkling Wine Market segments by type, type of application, service, and geography across North America, Europe, Asia-Pacific, Middle East and Africa, South and Central America. They cover market revenue forecast, and factors driving and governing growth.
 Chapter Eleven describes the industry landscape analysis. It provides detailed description of various business activities such as market initiatives, new developments, mergers and joint ventures globally along with a competitive landscape.
 Chapter Twelve provides the detailed profiles of the key companies operating in the global Sparkling Wine Market. The companies have been profiled on the basis of their key facts, business description, products and services, financial overview, SWOT analysis, and key developments.
 Chapter Thirteen, i.e. the appendix is inclusive of a brief overview of the company, glossary of terms, contact information, and the disclaimer section.

Immediate delivery of our off-the-shelf reports and prebooking of upcoming studies, through flexible and convenient payment methods - https://bit.ly/3y9EAGZ

The report also covers a detailed chapter of the analysis on COVID-19 impact on this market at global and regional level in our final reports.

This research provides detailed information regarding the major factors influencing the growth of the Sparkling Wine Market in Global and Regional Level (drivers, restraints, opportunities, and challenges), forecast of the market size, in terms of value, market share by region and segment; regional market positions; segment and country opportunities for growth; New product developments, strengths and weaknesses, brand portfolio; Marketing and distribution strategies; challenges and threats from current competition and prospects; Key company profiles, SWOT, product portfolio and growth strategies.

Contact US:

If you have any queries about this report or would like further information, please contact us:

North America: +1 646 491 9876

Asia-Pacific: +91 20 6727 8686

Email: sales@theinsightpartners.com

ABOUT US:

The Insight Partners is a one stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Our research model is very simple. We believe in client servicing and delivering best quality to our customers. Through our research content, we are making sure that our customers get value of their money along with better quality data and analysis.

Our research content is majorly focused towards market trends in terms of market sizing, competitive landscaping, company analysis, regional or country analysis etc. We provide detailed break-up of segmentation in terms of geography, technology, product and services etc.; which helps our clients to get a deeper analysis on various research topics.

This release was published on openPR.