Sparkling Wine Industry, Size, Business Opportunities and Industry Forecast to 2027
Sparkling wine is produced from different
varieties of grapes. Champagne is one of the most popular sparkling wines. This
wine not only tastes good but also offers a wealth of health benefits. It can
lower blood pressure, healthy for the heart, improve memory, boost the mood,
and tighten the skin. This form of wine is the most technical. What makes it so
technical is the fact that sparkling wines undergo not one yet a second fermentation
for making bubbles. Today, sparkling wine is available in different flavors
including lemon zest, lime, tropical fruit, fresh apple, flavors of flowers,
and more to satiate the different taste buds.
Various factors are propelling the Sparkling
Wine Industry growth. These factors, in
accordance with the MRFR report, include increase in the number of local
wineries, demand for premium wines, introduction of innovative products in the
market such as limited edition, low-alcohol, and organic sparkling wines in
different flavors such as pear, rose, apple, and honey, and growing disposable
income. Additional factors pushing market growth include increasing preference of
people for non-alcoholic and less alcoholic beverages, changing lifestyles,
increasing social parties, internet and social media influence, increasing use
of e-commerce platforms to sell wines, and growing family earning.
On the contrary, resource scarcity,
vulnerability due to environmental and climatic factors, and high cost are
factors that may deter the Sparkling Wine Industry growth over the forecast
period.
Key Players
Leading players profiled in the Sparkling
Wine Industry report include California Champagnes (US), Bronco Wine Co. (US),
E. & J. Gallo Winery (US), Illinois Sparkling Co. (US), Constellation
Brands, Inc. (US), Freixenet (Spain), Moët Hennessy USA (US), Pernod Ricard
(France), The Sparkling Wine Co. (UK), and Treasury Wine Estates Ltd (Australia).
Market
Segmentation:
The MRFR
report provides a complete segmental analysis of the Sparkling Wine Industry
report on the basis of distribution channel and type.
Based on
type, the Sparkling Wine Industry is segmented into red, rose, and white.
Based on
distribution channel, the Sparkling Wine Industry is segmented into retail and
food service. The retail segment is again segmented into specialty stores,
supermarkets and hypermarkets, and others.
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Regional
Analysis
By region,
the Sparkling Wine Industry report covers the latest trends and growth
opportunities across the Asia Pacific (APAC), North America, Europe, and the
Rest of the World (RoW). Of these, Europe is predicted to dominate the market
during the forecast period. This region is the largest wine producer in the
world which is contributing to the market growth. Moreover, innovation in
packaging, growing packaging industry, increase in marketing and promotional
activities, increase in per capita income, and elevated living standards are
also boosting the market growth.
The Sparkling
Wine Industry in North America is predicted to have a notable growth over the
forecast period. This is owing to celebrity endorsements and high investments
in the region. Stringent regulations and heavy taxation may restrict market
growth in this region.
The market
in the APAC region is predicted to have substantial growth over the forecast
period. This is on account of the increase in living standards, growing
sophistication, and rapid urbanization. Indonesia, Malaysia, and India are the
key contributors in this region. Moreover, the presence of several vineyards in
Australia is adding to market growth.
NOTE: Our Team of Researchers are Studying Covid19
and its Impact on Various Industry Verticals and wherever required we will be
considering Covid19 Footprints for Better Analysis of Market and Industries.
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