Press release
Sparkling Wine Market Showing Impressive Growth during Forecast Period 2021 - 2031 | Casella, Constellation Brands, Inc., Henkell Freixenet, Schramsberg Wineyards
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Sparkling wine is a type of wine that contains carbon dioxide, which gives it a fizzy, bubbly texture. The carbon dioxide is a result of the wine undergoing secondary fermentation, which is when yeast and sugar are added to the wine after the initial fermentation process. Sparkling wine can be made from any type of gr*ape, but the most common varieties are made from white gra*pes such as Chardonnay and Pinot Noir.
Key Trends
The key trends in Sparkling Wine technology are:
1. The use of alternative closures:
The use of alternative closures such as screwcaps and synthetic corks is on the rise, as they offer a more secure seal and are easier to open than traditional cork closures.
2. The use of carbonation:
Carbonation is often used to give sparkling wines their fizziness. Carbon dioxide is injected into the wine, which gives it a bubbles.
3. The use of different gr*ape varieties:
Sparkling wines are often made from different gra*pe varieties than traditional table wines. The most common gra*pe varieties used in sparkling wines are Chardonnay, Pinot Noir and Pinot Meunier.
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Key Drivers
The key drivers of Sparkling Wine market can be classified into three major categories, which are production, consumption, and trade. Production is the most important driver as it determines the amount of wine available in the market. Consumption is the second most important driver as it determines the demand for wine. Trade is the third most important driver as it influences the price of wine.
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Market Segmentation
The Sparkling Wine Market is segmented by type, price point, product, 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 region, the market is classified into North America, Europe, Asia-Pacific and rest of the world.
Key Players
The key players in the Sparkling Wine Market are 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, and Chandon.
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