Sparkling Wine Market 2022: Industry Trends, Top Brands, Volume, Growth Drivers and Forecast by 2027
According to IMARC Group latest report titled “Sparkling Wine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on sparkling wine industry size. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global sparkling wine market size reached US$ 33.9 Billion in 2021. Looking forward, IMARC Group expects the market value to reach US$ 51.7 Billion by 2027, exhibiting a CAGR of 7.30 % during the forecast period (2022-2027).
Sparkling wine represents an alcoholic beverage containing a significant level of carbon dioxide (CO2) that provides a fizzy effect. It is prepared by using still wine that undergoes secondary fermentation after adding a mix of yeasts, sucrose nutrients, adjuvants, etc. Sparkling wine has a high concentration of polyphenols that assist in preventing cell death from oxidative stress as well as regulating the cell response to brain injuries during a stroke, Alzheimer's disease, Parkinson's disease, and other illnesses. As such, it is commonly available across online and offline distribution channels.
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Market Trends:
The emerging trend of socialization and the growing influence of cocktail culture, particularly among the millennial population, are primarily driving the sparkling wine market. Additionally, the widespread product adoption as a celebration drink on special occasions, such as birthdays, anniversaries, sports events, corporate parties, social gatherings, etc., is further catalyzing the market growth. Besides this, the rising number of culinary services and the expanding food tourism industry are propelling the demand for sparkling wines in luxury hotels and restaurants for gourmet cooking. Moreover, the inflating popularity of fermented carbonated beverages with personalized bottles and labels is also positively influencing the global market. Apart from this, the introduction of product variants, including champagne, cava, crémant, prosecco, etc., in numerous unique and exotic flavors is anticipated to fuel the sparkling wine market over the forecasted period.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- 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 (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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