openPR Logo
Press release

Global Sparkling Wine Market is expected to reach a market size of ~US$ 56 billion by 2028: Ken Research

06-02-2023 12:31 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Ken Research Pvt .Ltd

Global Sparkling Wine Market is expected to reach a market size

What Is the Size of Global Sparkling Wine Industry?

Global Sparkling Wine market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 55 Bn by 2028. The Sparkling Wine Market is largely driven by Rapid socioeconomic changes and urbanization. Growing food tourism or culinary tourism worldwide is positively influencing the consumption of sparkling wines in premium hotels and restaurants for fine dining.

The consumers' shifting preferences towards a variety of alcoholic beverages, such as beer, liquors, spirits, and others due to their competitive prices may stifle the market growth of sparkling wine. The ongoing COVID-19 pandemic has resulted in an unprecedented drop in the global wine trade in 2020, due to the lockdowns imposed by several governments across countries, which have halted wine production. Furthermore, extensive closures of restaurants and bars, as well as the restrictions on socializing have lowered the sales of sparkling wine.

Global Sparkling Wine Market By Type

The Global Sparkling Wine market is segmented by Type into Red, Rose and White. The Red segment held the largest share of the Global Sparkling Wine Market in 2022, owing to its higher levels of vitamins and minerals, which helps in boosting the immune system.

Red wine is typically cultured with grapes skins and seeds, and it is high in phytonutrients that provide numerous health benefits, such as lowering the risk of heart disease, increasing good high-density lipoprotein (HDL) cholesterol, easing joint pain, increasing insulin sensitivity, lowering the risk of osteoarthritis, and more.

Request For Free Sample Report @

Global Sparkling Wine Market By Product

The Global Sparkling Wine market is segmented by Product into Cava, Champagne, Cremant and Prosecco. The Prosecco segment held the largest market share of the Global Sparkling Wine Market in 2022, owing to its economic viability and ease of availability.

Prosecco contains polyphenols, a plant chemical with antioxidant properties which help in lowering blood pressure, and stroke risk, improving circulation, and strengthening heart health. Furthermore, unlike Champagne, it does not have a protected geographical location, so it can inherently be produced anywhere in the world.

Global Sparkling Wine Market By Distribution Channel

The Global Sparkling Wine market is segmented by Distribution channel into Supermarket/Hypermarket, Specialty Stores, On Trade and Others. The Supermarket/Hypermarket segment held the largest market share of the Global Sparkling Wine Market in 2022.

The growth is mainly attributed to the availability of a variety of products at lower prices as compared to bars, restaurants, nightclubs, hotels, and other on-trade channels. The modernization of retail stores across countries, notably in emerging countries, is increasing revenue generation through off-trade sales channels, such as supermarkets/hypermarkets.

Global Sparkling Wine Market By Geography

The Global Sparkling Wine market is segmented by geography into North America, Europe, Asia- pacific and LAMEA. Europe accounted for the largest share of the Global Sparkling Wine Market in 2022, as Europe is the world's top producer of wine.

The most popular sparkling wine, Prosecco, is primarily produced in Italy. For instance, in January 2022, according to the Prosecco DOC Consortium, Italy's total wine production increased by 25% in 2021, with 627.5 million certified bottles of Prosecco being produced.

Furthermore, Italy followed by France is the second largest producer of sparkling wine. For instance, according to Comité Champagne, a France trade association that represents the interests of independent Champagne producers, total Champagne shipments in 2021 increased by 32% over 2020 to 322 million bottles.

Competition Scenario In Global Sparkling Wine Market

The Global Sparkling Wine Market is highly competitive with ~150 players which include globally diversified players, regional players as well as a large number of country-niche players with their niche in adopting advanced technology, such as fermentation technology, and precision viticulture (through IoT and software) to improve the product taste, texture, and oenological potential of vineyards. Moreover, companies are competing on various parameters such as partnerships, new products offering, business models, marketing strategies, pricing, campaign, and more.

Regional players constitute about ~55% of the total competitors, while country-niche players comprise a share of ~35%. Some of the major players in the market include Accolade Wines, Bronco Wine Company, Casella, Caviro Extra S.P.A. S.U, Constellation Brands, Inc., E.&J. Gallo Winery, Concha y Toro, The Sparkling Wine Co., Illinois Sparkling Co., Freixenet Sa, and among others.

Request for Custom Report @

What is the Expected Future Outlook for the Overall Global Sparkling Wine Market Across the globe?

The Global Sparkling Wine market was valued at USD ~37 billion in 2022 and is anticipated to reach USD ~55 billion by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022-2028. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future. The Global Sparkling Wine market is driven by rapid socioeconomic changes and urbanization. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With the increasing collaboration and emergence of new products, the Global Sparkling Wine market is changing rapidly. For instance, In May 2022, Accolade Wines launched its zero-alcohol wine collection named 'Called &Then' which is made using the company's own de-alcoholizing technique named 'Zero Tech X technology'. In July 2021, E. & J. Gallo Winery partnered with Randall Grahm to release a new collection of wines named 'The Language of Yes' which is made mainly from grapes varieties in California's diverse Central Coast AVA.

The Global Sparkling Wines market is forecasted to continue an exponential growth that is witnessed since 2017. The major driving factor contributing to the increasing consumption of sparkling wine is the rising living standards across countries, along with the increased social engagements, and adoption of western. Though the market is highly competitive with around ~150 participants, few country-niche players control the dominant share and regional players also hold a significant share.

For more insights on the market intelligence, refer to below link:-

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Sparkling Wine Market is expected to reach a market size of ~US$ 56 billion by 2028: Ken Research here

News-ID: 3076036 • Views: 215

More Releases from Ken Research Pvt .Ltd

US Powered Surgical Instruments Market is Projected to be ~ $12 Bn by 2028, Innovations and Advancements Drive Growth: Ken Research
US Powered Surgical Instruments Market is Projected to be ~ $12 Bn by 2028, Inno …
The US Powered Surgical Instruments market is witnessing huge growth in terms of expansion and revenue. The primary growth drivers of this market are advancements in technology, rising healthcare expenditures, minimally invasive surgery (MIS) trends, growing prevalence of chronic diseases. STORY OUTLINE As the market for UDI keeps increasing, the demand for compliance-enabling technology, such as surgical tool monitoring systems will increase 10% by 2024. Technological advancements in this sector boosted remote and
US LI-ION Battery Market is Expected to reach ~USD 40 Bn by 2028: Ken Research
US LI-ION Battery Market is Expected to reach ~USD 40 Bn by 2028: Ken Research
United States is facing a huge demand of Lithium batteries due to growing electrification in west with growing at the rate of 25.36% by 2028. Demand for lithium batteries in the US is expected to grow translate into $40 billion per year by the end of 2028, but still the country is expected to depend on imports for supply. According to Ken, the US lithium-Ion battery is expected to reach ~USD40
Decoding KSA's Warehousing Automation: Demand and Supply Insights: Ken Research
Decoding KSA's Warehousing Automation: Demand and Supply Insights: Ken Research
Saudi Arabia (KSA) drives warehousing automation as a regional logistics epicenter, fueled by a consolidated market and booming e-commerce demand. Storyline Saudi Arabia's infrastructure initiatives drive demand for automated warehouses. Growing demand for cold storage services presents growth opportunities. Focus on e-commerce and retail fuels demand for automation. As per Ken Research estimates, Warehousing and logistics industry poised to undergo a transformative automation phase. Existence of a consolidated market scenario amongst the growing warehousing automation industry
USA Agri Equipment Market on Track for 10.5% CAGR by 2027: Ken Research
USA Agri Equipment Market on Track for 10.5% CAGR by 2027: Ken Research
The United States agricultural equipment market is primed for a significant growth trajectory in the coming years, with projections indicating a CAGR of ~10.5% by the year 2027.  STORY OUTLINE The USA's agricultural equipment market is set to achieve a remarkable CAGR of ~10.5% by 2027, reflecting a dynamic and robust industry outlook. The integration of cutting-edge technology, including precision agriculture and data analytics, is redefining farming practices, optimizing yields, and minimizing resource

All 5 Releases

More Releases for Wine

Enotourism Market Is Expected to Boom | Great Oregon Wine Tour; Bulgaria Wine To …
This report studies the Enotourism market with many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers. Find the complete Enotourism market analysis segmented by companies, region, type and applications in the report. New vendors in the market are facing tough competition from established international vendors as they
Global Rice Wine Market 2020-2028: Trend, Status Growth, Opportunity, Key Player …
Rice Wine is made by yeast-induced fermentation of glutinous rice starch that has been converted to sugars. It is an alcoholic beverage fermented and concentrated from rice. Rice wine is a clear wine prepared from fermented rice and is famous for its strong, unique taste. Its variants are rapidly gaining popularity in the wine markets around the world. Rice Wine Market is anticipated to grow at a CAGR of +3% during
Wine Logistics Market Report 2018: Segmentation by Product (Transportation, Ware …
Global Wine Logistics market research report provides company profile for Kerry Logistics, Wine Logistics International, DB Schenker, Mainfreight, Hellmann Worldwide Logistics, JF Hillebrand Group and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The
Wine Auction News - Langton Wine Auctions Sydney -Wine-Stocks 2017-09-20
Recommended investment wines were grounded on, wine trading day at Langtons Wine Auction, Sydney with mixed results The auction room at Langtons Wine Auction was carefully prepared, the bidders flooded into the auction room, after the wine tasting was finished. There were more then 500 lots offered and the wine auction closed with some remarkably results. The largest share of the complete range at the wine trading day, got wine bottles from
Global Fruit Wine Market market share and growth rate 2017 Fermented Fruit Wine, …
In this report, the global Fruit Wine market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Fruit Wine in these regions, from 2012 to 2022 (forecast), covering North
Global Rice Wine Market 2017 - Kuaijishan Shaoxing Rice Wine, Zhejiang Shanhao W …
Global Rice Wine Market 2017, presents a professional and in-depth study on the current state of the Rice Wine market globally, providing basic overview of Rice Wine market including definitions, classifications, applications and industry chain structure, Rice Wine Market report provides development policies and plans are discussed as well as manufacturing processes and cost structures. Rice Wine market size, share and end users are analyzed as well as segment markets