Market Overview
According to MRFR analysis, the global Sparkling Wine Market is expected to register a CAGR of ~ 4.3% from 2022 to 2030 and hold a value of over ~USD 55.80 billion by 2030.
Sparkling wine market research is an alcoholic beverage covering a significant level of carbon dioxide (CO2) that provides a fizzy effect. It is formed using still wine that undergoes a subordinate fermentation after adding a mix of yeasts, sucrose nutrients, and adjuvants. Its high concentration of polyphenols, which are antioxidants that stop cell death from oxidative stress, aid regulate cells' response to brain injuries through a stroke, Alzheimer's disease, Parkinson's disease, and other illnesses. At current, it is widely consumed as a celebration drink on special occasions like birthdays, anniversaries, sports events, corporate parties, and social gatherings. During the COVID-19 epidemic, original sales during the first wave suffered a major setback, as governments imposed complete lockdowns, stopping consumers from securing supplies from stores. Ultimately, as the infection rates began slowing, consumption augmented, with consumers relying on e-commerce channels to benefit from their stock.
Regional Analysis
North America is the leading region in terms of volume share, due to the high demand for sparkling wines among consumers. Europe was one of the earliest adoptive parents of this product type and continues its dominance on account of having developed wine cultures that have been around for centuries, which has eventually helped generate a preference towards this beverage category not only within Europe but also outside it. The Asia Pacific region is projected to be the fastest-growing region during the estimated period owing to a rising population and an increase in disposable income.
Market Segmentation
The global Sparkling Wine Market report has been segmented into sweetness level and distribution channel
Based on sweetness level, The global Sparkling Wine Market has been segmented into Extra-Brut, Brut, Extra Dry, and Demi-sec. The demand for brut sparkling wines will remain elevated, catching 33% revenue share across the estimated period. Preference for this wine category is largely owing to its reduced sugar content, permitting consumers to knowledge a unique flavor.
Based on the distribution channel, The global Sparkling Wine Market has been segmented into Modern trade, grocery stores, convenience stores, e-commerce, and others. The e-commerce channel is projected to hold 1/5th of the revenue share in the market for sparkling wines, obtaining more importance throughout the estimated period.
Key Players
Some of the key sparkling wine market players are 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), and The Sparkling Wine Co. (UK)
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