Sparkling Wine Market - Forecast(2023 - 2028)

Sparkling Wine Market size is estimated to reach $32,651 million by 2026, growing at a CAGR of 7.1% over 2021-2026. Sparkling wine is a type of wine undergoing the process of carbonation with high carbon dioxide levels, which makes it fizzy. The effervescence result from natural fermentation that occurs either in the bottle or in a large tank. The monolactic fermentation happens when sugar is added to wine, and yeast starts acting on the sugar, releasing carbon dioxide. This carbon dioxide trapped inside a sealed space creates bubbles in the wine. Many people refer to sparkling wine as Champagne. Further, as of the increase in the number of local wineries, the worldwide sparkling wine industry is anticipated to develop considerably. Premium wine demand is increasing throughout the world, which is also boosting industry growth. During the forecast period 2021-2026, market expansion is poised to be fuelled by the launch of novel products and limited-edition sparkling wines in a variety of tastes such as honey, apple, rose, and pear. However, the high initial capital investment and the requirement for high-quality treatment and compliance of these Sparkling Wines in a vast and heterogeneous market is new challenge in the front of Sparkling Wine Market.

Report Coverage

The report: “Sparkling Wine Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Sparkling Wine Market.    
By Product Type: Cava, Champagne, Cremant, Prosecco, and Others.
By Coloration: Red, Rose, and White.  
By Sweetness: Brut Nature or Brut Zero, Extra Brut, Brut, Extra-Sec, Sec, Demi-Sec and Doux. 
By Economic Point: Economy, Mid-range, and Luxury.
By Distribution Channel: Hypermarket/Supermarkets, Specialty Stores, Online Retail and Others.
By Geography: North America (U.S., Canada, Mexico), Europe (U.K, Germany, Italy, France, Spain, Russia, Rest of Europe), Asia Pacific (China, Australia, Japan, South Korea, India, Rest of Asia Pacific), South America (Brazil, Argentina, Others) and Rest of the World (Middle East, Africa)

Key Takeaways

  • In 2020, Europe dominated the Sparkling Wine Market.
  • Increase in trends of premium & sparkling wine, rapid urbanization, the rise in disposable income are enhancing the growth of the Sparkling Wine Market. 
  • Detailed analysis of the Strength, Weakness, and Opportunities of the prominent manufacturers operating in the market will be provided in the Sparkling Wine Market report.  
  • High cost of sparkling wine is set to create hurdles for the Sparkling Wine Market. 

    Sparkling Wine Market Drivers

    Increase Global Demand in Future With Premiumization

    The Sparkling Wine market driver can be attributed to the increase in the number of global consumers who are now preferring to purchase of sparkling wine over other alcohols for numerous occasions and parties. Furthermore, the introduction of new flavors of sparkling wine such as red, rose is a microcosm of a much larger trend in the alcoholic drink industry which can be considered as a Sparkling Wine key driver of the market during the forecast period 2021-2026.

    Sparkling Wine Market Challenges

    High Initial Capital And Maintenance Cost 

    The major challenge in the Sparkling Wine market is the high initial capital investment and the requirement for high-quality treatment and compliance of these Sparkling Wine’s in a vast and heterogeneous market. The stringent rules and regulations regarding the processing and preservation prior to distribution and sales is the major problem for some of the regions in Asia-Pacific.

    Sparkling Wine Market Landscape

    Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Sparkling Wine market. In 2020, Sparkling Wine market share is fragmented by the top ten players present in the market. The Sparkling Wine market top 10 companies are Bronco Wine Company, Casella Family Brands, The Wine Group, Treasury Wine Estates, Caviro Extra S.P.A, Constellation Brands, E. & J. Gallo Winery, Accolade Wines Australia Limited, Pernod Ricard and others.

    Acquisitions/Product Launches

    • In May 2021, Italian sparkling wine producer Casa Gancia has released a four-strong range of low-abv fruit-flavoured sparkling wines. The 5.5%-abv Atto Primo wines are available in the US in 75cl bottles and target the outdoor consumption occasion. Four flavours are on sale – Lychee, Peach, Mango and Blackberry.
    • In January 2021, Good Drop Wine Cellars in Vinchur Park Nashik, launched Frizzano Frizzante Italian Collection with 4 variants- Bianco, Rosso, Rosato and Forte, tank-fermented in tank and bottled at a lower pressure of 3.5 bars (classified as Frizzante in Italy), compared with the higher 6-6.5 bars (Spumante) used in Champagne and other Spumante-styled sparkling wines. With this introduction of 1000 cases of sparkling wines, Good Drop Wine Cellars has the largest sparkling wine portfolio in the country-including the carbonated Rio and Casablanca produced with Charmat method.

Comments

Post a Comment

Popular posts from this blog

Power Transformer Market - By Rating , By Cooling Type , By Phase Configuration , By Technology , By Insulation Type , By Application, By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”

Image
  Power Transformer Market Overview Power Transformer market size is  forecast to reach US$36.9 billion by 2030,  after growing at a  CAGR of 5.9% during 2024-2030.  The global power transformer market is experiencing significant growth, driven by increasing electricity demand, grid modernization, renewable energy integration, energy efficiency initiatives, and urbanization. Green power transformers, with their enhanced energy efficiency, reduced environmental impact, and improved safety features, are emerging as a key segment in the market. Major players like Hitachi Energy and Toshiba are investing heavily to expand their production capacities and meet the growing demand for these sustainable solutions. A major trend in the market is global focus on energy efficiency. The global shift towards sustainable energy practices has significantly impacted the power transformer market. The need for energy-efficient power transformers is being driven by utilities and in...
Read more

Freight Forwarding Market- By Service Type , By Delivery Mode , By Application and By Geography - Opportunity Analysis & Industry Forecast, 2024-2030.

Image
Freight Forwarding Market Overview: The Freight Forwarding Market size is estimated  to reach $14.5 Billion by 2030 , growing at a  CAGR of 6.1% during the forecast period 2024-2030.  The freight forwarding market is driven by globalization, the rise of e-commerce and the increasing demand for faster, more efficient delivery solutions. The growth of international trade fueled by both emerging markets and established economies, logistics digitization and the shift towards supply chain diversification are also contributing to the market’s expansion. The freight forwarding market will continue to evolve with a focus on smart logistics, last-mile delivery solutions and data-driven decision-making. Companies will likely invest heavily in automation, robotics, and  blockchain  technology to improve transparency, reduce fraud and enhance operational efficiency. Meanwhile, as the demand for on-demand and just-in-time delivery grows, real-time shipment tracking, contact...
Read more

Accounts Payable Automation Market - Forecast(2025 - 2031)

Image
  Accounts Payable Automation Market Overview: The  Accounts Payable Automation Market size is estimated to reach $17.4 Billion by 2031, growing at a CAGR of 14.0% during the forecast period 2025-2031.  The accounts payable automation market is driven by the increasing demand for operational efficiency, cost reduction, and improved accuracy in financial processes. Businesses are increasingly adopting cloud-based solutions, AI, and machine learning technologies to streamline invoice processing, reduce human errors, and ensure faster payment cycles. Additionally, the need for enhanced compliance, real-time data analytics, and seamless integration with ERP systems is further fueling market growth across industries. By replacing outdated manual processes with intelligent automation, companies are reducing errors, accelerating payment cycles, and achieving greater cost savings. A significant trend in is the cross-border payments automation , aimed at simplifying international...
Read more