According to IMARC Group latest report titled” Sparkling Wine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the market is currently witnessing strong growth. The Global Sparkling Wine Market to exhibit moderate growth during the next five years. Sparkling wine is a fermented alcoholic beverage saturated with carbon dioxide gas. It is commonly available in red, rose and white variants that are produced using still wine that undergoes secondary fermentation in a mixture of yeast, sucrose nutrients and additives. Sparkling wine is a rich source of polyphenols and antioxidants that can aid in preventing oxidative stress in the body and minimizing the risks of stroke and developing Alzheimer’s disease. It is widely served across restaurants, hotels, microbreweries, cafes, pubs and bars on special occasions, events and parties.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Trends:
The global sparkling wine market is primarily being driven by the increasing preference for premium alcoholic beverages among the masses, especially millennials. In line with this, the rising number of distilleries that offer a variety of wine-based experimental cocktails is also providing a thrust to the market growth. Moreover, various product innovations, such as the launch of sparkling wines in exotic flavors and alcohol-free variants, are favoring the market growth. Other factors, including the increasing trend of gifting sparkling wines with customized bottles and labels, along with increasing expenditure capacities of the consumers, are creating a positive outlook for the market.
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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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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.
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