Press release
Sparkling Wine Market Poised to Reach US$ 55.4 Billion 2023-2028, Driven by Impressive 7% CAGR: IMARC Group
Sparkling Wine Market
What is Sparkling Wine?
Sparkling wine, a quintessential symbol of celebration and luxury, is a meticulously crafted effervescent libation that captivates the palate with its distinct charm. Characterized by its elegant bubbles and effervescence, sparkling wine undergoes a secondary fermentation process that imbues it with the delightful fizz that sets it apart. This genre of wine encompasses a spectrum of styles, with the iconic Champagne reigning as the epitome of refinement, alongside other renowned variants such as Prosecco and Cava. Beyond its effervescence, sparkling wine embodies a legacy of craftsmanship and tradition, making it a cherished beverage for commemorating milestones and elevating everyday moments into memorable experiences.
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What are the growth prospects and trends in the sparkling wine industry?
The global sparkling wine market is driven by shifting consumer preferences and evolving market dynamics. One key driver is the shift in societal norms that embrace celebration and indulgence. Sparkling wine's association with festivity and sophistication makes it a preferred choice for commemorating achievements, occasions, and festivities. As lifestyles evolve to incorporate more occasions for celebration, the demand for sparkling wine experiences a continuous increase, generating avenues for market expansion. Moreover, the rise of experiential consumption has redefined the wine landscape, and sparkling wines are at the forefront of this transformation. A growing interest in wine tourism and culinary experiences has spurred an exploration of diverse wine styles, including sparkling varieties. Vineyard tours, tasting events, and food pairing experiences offer consumers a deeper connection to the world of sparkling wines, fostering brand loyalty and consumer engagement.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
• 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 (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
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Contact US:
IMARC Group
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Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
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About Us
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.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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