Sparkling Wine Market Size 2024 to 2031.

Market Overview and Report Coverage

The Sparkling Wine Market refers to the global industry that produces and sells sparkling wines, including varieties such as Champagne, Prosecco, Cava, and others. This market is driven by consumer preferences for celebratory and premium beverages, as well as the growing popularity of sparkling wines in emerging markets.
The future outlook for the Sparkling Wine Market is positive, with the market expected to experience steady growth at a CAGR of 3.40% during the forecasted period. This growth can be attributed to factors such as increasing disposable incomes, changing consumer preferences, and the growing trend of wine consumption for leisure and social occasions. Additionally, the rise of online retail platforms and e-commerce is expected to further boost market growth by providing easier access to a wide variety of sparkling wines for consumers worldwide.
Overall, the current and future outlook for the Sparkling Wine Market is promising, with opportunities for expansion and innovation in product offerings and marketing strategies. As demand for premium and high-quality sparkling wines continues to rise, industry players are expected to focus on product differentiation, brand building, and sustainability practices to capture a larger share of the market and meet evolving consumer preferences.

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Market Segmentation
The Sparkling Wine Market Analysis by types is segmented into:
• Normal sparkling wine
• Semi-sparkling wine

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Sparkling wine market includes two main types: normal sparkling wine and semi-sparkling wine. Normal sparkling wine, such as Champagne, undergoes a second fermentation process in the bottle, producing bubbles and a higher level of carbonation. On the other hand, semi-sparkling wine has a lower level of carbonation, resulting in fewer bubbles and a lighter effervescence. Both types of sparkling wines offer a refreshing and celebratory drinking experience, with normal sparkling wine typically considered more prestigious and semi-sparkling wine being more casual and approachable.

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The Sparkling Wine Market Industry Research by Application is segmented into:
• Supermarkets and Hypermarkets
• Independent Retailers
• Online Retailers

Sparkling wine is widely available in supermarkets and hypermarkets, where consumers can easily access a variety of brands and price points. Independent retailers also play a significant role in the market, offering unique and artisanal options to cater to different tastes. Online retailers have seen a significant increase in sales for sparkling wine, as convenience and quick delivery appeals to many consumers. Overall, these different market applications provide a variety of options for consumers looking to purchase sparkling wine.

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In terms of Region, the Sparkling Wine Market Players available by Region are:

North America:
• United States
• Canada

Europe:
• Germany
• France
• U.K.
• Italy
• Russia

Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia

Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia

Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea


What are the Emerging Trends in the Global Sparkling Wine market?
The global sparkling wine market is experiencing several emerging trends, including the rising popularity of low-calorie and organic sparkling wines, as consumers become more health-conscious. Producers are also incorporating sustainable and eco-friendly practices into their production processes to cater to the growing demand for environmentally-friendly products. Additionally, there is a noticeable increase in the consumption of sparkling wines in emerging markets such as Asia-Pacific and Latin America, driven by changing consumer lifestyles and preferences. Furthermore, the rise of e-commerce platforms and direct-to-consumer sales channels is also driving growth in the sparkling wine market by providing greater accessibility to a wider audience.

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Major Market Players
E & J Gallo Winery is one of the leading players in the sparkling wine market. The company was founded in 1933 and has since grown to become one of the largest wine producers in the world. E & J Gallo Winery offers a wide range of sparkling wine brands, including Andre and Barefoot Bubbly, catering to various consumer preferences.
Henkell & Co. Sektkellerei, on the other hand, has a long history dating back to 1856. The company has established itself as a prominent player in the global sparkling wine market, with a strong presence in Europe and beyond. With a focus on quality and innovation, Henkell & Co. Sektkellerei has been able to capture a significant share of the market.
Freixenet is another key player in the sparkling wine market, known for its high-quality Cava wines. The company has a rich heritage that dates back to 1861, making it one of the oldest and most respected producers in the industry. Freixenet has experienced steady growth and has expanded its product offerings to meet the evolving demands of consumers worldwide.
In terms of market size, the global sparkling wine market is estimated to be worth over $33 billion in 2021, with key players such as Moet & Chandon, Veuve Clicquot, and Mionetto Prosecco contributing significantly to the overall sales revenue. These companies have a strong presence in both domestic and international markets, driving the growth of the sparkling wine industry.

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