New York, August 30, 2021 (GLOBE NEWSWIRE) – Sparkling wine market: key information
According to our new research study on ‘Sparkling Wine Market to 2028 – Global Analysis and Forecast – by Type, Packaging Type, Distribution Channel and Geography’, the Sparkling wine market is expected to reach US $ 55,803.26 million by 2028 compared to US $ 41,634.49 million in 2021; it is expected to grow at a CAGR of 4.3% from 2021 to 2028.
Sparkling wine market: competition landscape and key developments
Bacardi & Company Limited; Bronco Wine Co.; Casella; Constellation Brands, Inc .; Henkell Freixenet; Chandon; the vineyards of Schramsberg; Pernod Ricard winemakers; The Sparkling Wine Company; Treasury Wine Estates Ltd; Spa Bottega; Campari Group; and Codorniu are among the key players in the sparkling wine market. These companies offer a wide range of products in the sparkling wine market. They have established a presence in various developed and developing economies, which provides lucrative opportunities for their proliferation. These market players have a strong focus on developing high quality and premium products to meet the ever changing demands of customers.
Get Exclusive Sparkling Wine Market Sample Pages – COVID-19 Impact and Global Analysis with Strategic Insights at https://www.theinsightpartners.com/sample/TIPRE00019253/
Europe held the largest share of the sparkling wine market in 2020. Germany, France, Italy, United Kingdom and Russia are among the major contributors to market growth in this region, due to of the tradition of opening a bottle of champagne or other sparkling wines. during festivities and celebrations, coupled with a continued rise in popularity of this wine with consumers. The European sparkling wine market consists of several leading distillers as well as small distillers, engaged in the production of different varieties.
Rapid socio-economic changes and rapid urbanization are increasing the demand for sparkling wine around the world. With the continuous increase in living standards and purchasing power, customers want to purchase high quality luxury items. In addition, lifestyle changes transform their eating habits and food preferences. Thus, the demand for sparkling wine at parties, weddings and social gatherings is on the rise. With the growing preference for low-alcohol or non-alcoholic beverages, the popularity of this wine is increasing among millennials, teens, and working populations, as well as singles and people living in inns. In addition, social media and the Internet have a significant impact on all generations, while the increase in the number of parties and social events leads to high consumption of sparkling wine around the world, mainly in developed countries such as the United States, Canada, Mexico, Germany, France, and Italy.
Download Sample PDF Brochure of Sparkling Wine Market Growth Research Report at https://www.theinsightpartners.com/sample/TIPRE00019253/
Sparkling wine market: segment overview
Based on type, the sparkling wine market is segmented into white, red and rose. The white wine segment held the largest share of the market in 2020. The white wine segment is driven by factors such as the health benefits associated with its consumption, premiumization of wine products, innovation in flavors and more advanced distribution networks. However, the rose segment has seen tremendous demand in recent years and is expected to register the market’s highest CAGR during the forecast period.
Depending on the type of packaging, the sparkling wine market is segmented into bottles and cans. The bottle segment accounted for a larger share of the global market in 2020. However, can packaging is gaining popularity for its compact size and low environmental impact, due to its recyclability. Based on the distribution channel, the sparkling wine market is segmented into supermarkets and hypermarkets, specialty stores, online retail and others. Supermarkets and hypermarkets accounted for the largest share of the market. The high number of visitors and the availability of an array of options are the major factors fueling the market growth of this segment. However, the online retail segment has emerged as a major channel, especially during the COVID-19 pandemic. As a result, the online retail segment is expected to register the highest CAGR in the market between 2021 and 2028.
Order a copy of the Sparkling Wine Market Share, Strategy and Forecast 2021-2028 Research Report at https://www.theinsightpartners.com/buy/TIPRE00019253/
Impact of the COVID-19 pandemic on the sparkling wine market:
The COVID-19 pandemic has resulted in declining operational efficiency and disrupted supply chains due to the sudden closure of national and international borders. Disruptions in supply chains have restricted the flow of goods, which in turn also hinders the distribution and manufacture of sparkling wines. Sparkling wine makers mainly depended on supermarkets and online merchants for the advertising and sale of their products, which has resulted in continued market growth, albeit at a slower pace. Over 85% of wineries that sell their products online have started to capitalize more on this sales channel. Despite declining sales in 2020, market players are expected to rebound sooner, with various economies resuming operations and ramping up vaccination campaigns. Thus, all of these factors had a significant impact on the sparkling wine market during the pandemic.
Browse related reports:
Organic Wine Market Forecast to 2027 – Impact of COVID-19 and Global Analysis by Packaging (Plastic Bottles, Glass Bottles, Cans and Others), Product Type (Organic Red Wine and Organic White Wine) and Channel distribution (food service, supermarkets and hypermarkets, specialty retailers, online channel and others) – https://www.theinsightpartners.com/reports/organic-wine-market/
Cooking Wine Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Type (Red, White, Others); Application (Food Industry, Food Service, Household / Retail) and Geography – https://www.theinsightpartners.com/reports/cooking-wine-market
Still wine market forecast until 2028 – COVID-19 impact and global analysis by type (white wine, red wine, rosÃ© wine); Distribution channel (supermarkets and hypermarkets, specialty stores, online retail, others) and geography – https://www.theinsightpartners.com/reports/still-wine-market
Rice Wine Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Packaging Type (Bottles, Cans); Distribution channel (supermarkets and hypermarkets, specialty stores, online retail, others) and geography – https://www.theinsightpartners.com/reports/rice-wine-market
Icewine Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Type (White Icewine, Red Icewine); Application (daily meals, social occasions, places of entertainment, others) and geography – https://www.theinsightpartners.com/reports/icewine-market
Plum Wine Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Packaging Type (Bottles, Cans); Distribution channel (hypermarkets and supermarkets, specialty stores, online retail, others) and geography – https://www.theinsightpartners.com/reports/plum-wine-market
Fortified wine market forecast until 2028 – COVID-19 impact and global analysis by type (Port, Sherry, Vermouth, others); Distribution channel (supermarkets and hypermarkets, specialty stores, e-commerce, others) and geography – https://www.theinsightpartners.com/reports/fortified-wine-market
Luxury white wine market forecast until 2028 – COVID-19 impact and global analysis by type (Chardonnay, Riesling, Pinot Grigio / Pinot Gris, Pinot Blanc); Distribution channel (wholesale, retail stores, department stores, online retailers) and geography – https://www.theinsightpartners.com/reports/luxury-white-wine-market
Luxury red wine market forecast until 2028 – COVID-19 impact and global analysis by product type (Cabernet Sauvignon, Merlot, Malbec, Pinot Noir, Zinfandel); Distribution channel (wholesale, retail stores, department stores, online retailers) and geography – https://www.theinsightpartners.com/reports/luxury-red-wine-market
The Insight Partners is a one-stop-shop for industrial research in actionable intelligence. We help our clients find solutions to their research needs through our syndicated research and advisory services. We specialize in industries such as Semiconductors & Electronics, Aerospace & Defense, Automotive & Transportation, Biotechnology, Health Informatics, Manufacturing & Construction, Medical Devices , technology, media and telecommunications, chemicals and materials.
If you have any questions about this report or would like further information, please contact us:
Contact Person: Sameer Joshi
Email: [email protected]
Phone: + 1-646-491-9876
Press release – https://www.theinsightpartners.com/pr/sparkling-wine-market
Connect with us on:
RSS / Feed: https://www.theinsightpartners.com/feed/