Sparkling Wine Market Research Report: Information by Type (White, Rosé, and Red), Distribution Channel (Food Service and Retail), and Region (North America, Europe, Asia-Pacific, and the Rest of the World) - Forecast till 2030

Sparkling Wine Market Overview

Sparkling wine market size is expected to be worth USD 55.80 billion and grow at a CAGR of 4.3% by 2030. Sparkling Wine Market is expected to grow significantly during the forecast period owing to the rise in the number of local wineries. Wine is being recognized as one of the major preferences when it comes to the target audience attending social events and parties. As per a study put forward by the European Association of Wine Economists and the CHAIRE VINS et SPIRITUEUX de INSEECU that the wine consumption frequency is increasing at a significant rate. The Promotions for the same began in May 2021.

Consolidation of both on-premises and off-premises and sparkling wine market replacement in the form of smaller and quality brands that are helping to maintain a proper supply chain mechanism by meeting the needs of the global target audience. These consolidation chains are relevant to the global industry standards and promise better returns to the investment plans.

Covid 19 Analysis of Sparkling Wine Market

Wine has been identified as one of the most drinkable beverages amongst people. Numerous factors like its taste, suitability, and product variations amongst others, are responsible for the rise in demand is increasing day by day. However, since the coronavirus outbreak was declared a global pandemic by the WHO, the sparkling wine market has been witnessing a steady yet slow growth. During the forecast period, the lockdown was imposed and the demand for wine was limited to households only. Also, the production was stopped due to the imposition of lockdown. During the unlock period, the production was slow. Major confinement of the demand quantum has been experienced majorly in Spain and other parts of the European nations.

The prominent players are focusing on product variation and promoting products to fit the customer’s budget during the forecast period. This is one of the major factors that will increase the demand and promise better prospects during the period of expanding market operations.

Market Dynamics

Drivers

The European culture is witnessing wine as an integral part and this culture is crossing the global boundaries and entering the geography of the Asian countries. The rise of young people in these locations are including wine as a part of their diet and occasional drinks. These rising trends are expected to rise and hence, help sparkling wine market grow at an excellent scale during the forecast period.

Restraints

The outbreak of the pandemic has brought forward various kinds of issues for the market functioning during the forecast period. The pandemic has adversely affected the sale of hotels as they experienced a dip in their sales volume by 77%. Also, the overall turnover has experienced a 60% dip. The restaurants’ chain was non-functional for a major time and hence, the sales were effected by 91%. The running of the hotels and restaurants is on a limited capacity and the consumers are preferring to shift to online food eateries and shops.

Technology Analysis

The prominent market players are experiencing a hike in sales owing to the establishment of direct relationships and professional terms with the customers. This shift is helping to boost the demand for specialist wine trade in the market and reports an increase in the quantum of sales during the period.

Study Objectives

• To get dependable market insights of the market dynamics like drivers, opportunities, and challenges alongside the operations that will drive the market towards global growth during the forecast period.


• To study the global market segmentation that is functional in major global regions and is likely to make a difference to the final market value with the help of the revenues earned by the segments in this period as laid down by the market leaders and industry experts.


• To analyze the rising degree of competition in the key players and also, help Sparkling Wine Market investors identify the market’s potential based on the undertaken recent developments by the players during the ongoing forecast period.

Market Segmentation

The sparkling wine market has been divided all across the globe based on types, distribution channels, and regions.

Based on the Types

The market has been divided all across the globe based on the types into the red, rose, and white wine, as per the tastes and preferences of the consumers.

Based on the Distribution Channels

The market has been divided all across the globe based on the distribution channels into retail distribution channels and foodservice distribution channels. The retail distribution channel is further sub-divided into specialty stores, hypermarkets, supermarkets, and many others.

Based on the Region

The market has been divided in the Sparkling Wine Market into the North American region, European region, Asia-Pacific region, Latin American region, and the Middle East and African region.

Regional Analysis

• The sparkling wine market has been divided all across the globe based on the regions into North American region, Asia-Pacific region, European region, Latin American region, and the Middle East and African region. The largest market share all across the globe is held by the European region owing to the presence of well-established technologically advanced infrastructure that drives the market demand to this region. Moreover, the market of this region is divided into various medium-scale and small-scale emerging market players.


• The second-largest market share all across the globe is held by the North American region owing to the presence of major key players in this region that drives the market demand. Moreover, increasing health awareness all across the region is another contributing factor that drives the market demand as wines are considered healthier alcoholic beverages.


• Being the fastest-growing region, the third-largest market share in the global market is held by the Asia-Pacific region owing to the presence of various highly populated countries like China and India. Moreover, higher per capita disposable income is another contributing factor that drives Sparkling Wine Market demand in this region.


• The Latin American region and the Middle East and African region hold the least market share due to the presence of low infrastructure in both these regions. Low per capita disposable income is another contributing factor that restricts the market growth in these regions.

Competitive Landscape

The most prominent major key players in the global sparkling wine market all across the globe are mentioned below:

• Bronco Wine Co. (US)


• Constellation Brands, Inc. (US)


• E & J Gallo Winery (US)


• Freixenet (Spain)


• Treasury Wine Estates Ltd. (Australia)


• California Champagnes (US)


• Pernod Ricard (France)


• Moet Hennessy USA (US)


• The Sparkling Wine Co. (UK)


• Illinois Sparkling Co. (US)

These major key players use various strategies to sustain their market position in the Sparkling wine market in the global market by going for mergers, and acquisitions, by collaborating, setting up a new joint venture, establishing a partnership, developing a new product line, innovation in the existing product, developing a new production process, and many others to expand their customer base in the untapped market of the Sparkling wine all across the globe.

Recent Developments

• In December 2021, modifications have been made in agreement with Constellation Brands Inc., by the E & J Gallo Winery for the purchase of a portfolio of wine brands with its other winemaking facilities located in New York, Washington, and California.


• In February 2021, the brand name, Dia Sparkler has been canned for the first time in India. It was launched by one of the most popular wine brands across India named, Sula Vineyards.


• Treasury Wine Estates Ltd. (Australia) is spending a huge sum of money on research and development to get an upper edge over its competitors. This will help the company in increasing its sales revenue.


• All the major market key players are highly investing in mergers and acquisitions, new joint ventures, and new product launches.

Report Overview

This sparkling wine market research report consists of the following elements mentioned below:

• Market Overview


• COVID 19 Analysis


• Market Dynamics


• Technical Analysis


• Market Segmentation


• Regional Analysis


• Competitive Landscape


• Recent Developments

This market research report contains factors that drive the growth of the sparkling wine market in the global market along with the factors that restrict its growth in the global market. The technical analysis during the forecasted period is mentioned. The impact of COVID 19 on the sparkling wine market all across the globe is mentioned. The future growth rate in the Sparkling wine market during the forecasted period is estimated and mentioned.

Intended Audience