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Global Sparkling Wine Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Type, Product, Distribution Channel, and Regions

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    Report

  • 150 Pages
  • November 2022
  • Region: Global
  • Ken Research Private Limited
  • ID: 5695698
Sparkling wine is a carbonated wine made primarily of white and red grapes. They can be made in six different ways, with each method producing a different level of carbonation. However, the two most popular sparkling wine production methods are the Traditional Method and Tank Method. The Traditional (Classic) Method creates smaller bubbles and is used to make Champagne, whereas the Tank (Charmat) Method help in the creation of larger bubbles found in sparkling wines, such as ProsecCo.
  • According to this analysis, the Global Sparkling Wine Market was valued at ~US$ 28 billion in 2017. Furthermore, owing to the increasing alcohol socialization among consumers along with the increasing adoption of European culture, it is estimated to be ~US$ 37 billion in 2022 and is expected to reach a market size of ~US$ 56 billion by 2028 growing with a CAGR of ~7% during 2022 to 2028
  • Rapid socioeconomic changes and urbanization are propelling demand for sparkling wine across countries
Growing food tourism or culinary tourism worldwide is positively influencing the consumption of sparkling wines in premium hotels and restaurants for fine dining.

The consumers’ shifting preferences towards a variety of alcoholic beverages, such as beer, liquors, spirits, and others due to their competitive prices may stifle the market growth of sparkling wine.

The ongoing COVID-19 pandemic has resulted in an unprecedented drop in the global wine trade in 2020, due to the lockdowns imposed by several governments across countries, which have halted wine production. Furthermore, extensive closures of restaurants and bars, as well as the restrictions on socializing have lowered the sales of sparkling wine.

Scope of the Report

The Global Sparkling Wine Market is segmented by type, product, and distribution channel. In addition, the report also covers market size and forecasts for the four major regions' Sparkling Wine Markets. The revenue used to size and forecast the market for each segment is US$ billion.

By Type

  • Red
  • Rose
  • White

By Product

  • Cava
  • Champagne
  • Cremant
  • Prosecco

By Distribution Channel

  • Supermarket/Hypermarket
  • Specialty Stores
  • On Trade
  • Others

By Region

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Spain, Italy)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Australia)
  • LAMEA (Latin America, Middle East, Africa)

Key Players

  • Accolade Wines
  • Bronco Wine Company
  • Casella
  • Caviro Extra S.P.A. S.U
  • Constellation Brands, Inc
  • E.&J. Gallo Winery
  • Concha y Toro
  • The Sparkling Wine Co
  • Illinois Sparkling Co
  • Freixenet SA

Key Trends by Market Segment

  • By Type: The Red segment held the largest share of the Global Sparkling Wine Market in 2021, owing to its higher levels of vitamins and minerals, which helps in boosting the immune system
  • Red wine is typically cultured with grape skins and seeds, and it is high in phytonutrients that provide numerous health benefits, such as lowering the risk of heart disease, increasing good high-density lipoprotein (HDL) cholesterol, easing joint pain, increasing insulin sensitivity, lowering the risk of osteoarthritis, and more
According to the Journal of Cardiovascular Development and Disease published by the Multidisciplinary Digital Publishing Institute (MDPI), a Switzerland-based publisher of open-access journals, in September 2022, consumption of wine reduced the risk of death from cardiovascular causes.

By Product: The Prosecco segment held the largest market share of the Global Sparkling Wine Market in 2021, owing to its economic viability and ease of availability.

Prosecco contains polyphenols, a plant chemical with antioxidant properties which help in lowering blood pressure, and stroke risk, improving circulation, and strengthening heart health.

Furthermore, unlike Champagne, it does not have a protected geographical location, so it can inherently be produced anywhere in the world.

By Distribution Channel: The Supermarket/Hypermarket segment held the largest market share of the Global Sparkling Wine Market in 2021.

The growth is mainly attributed to the availability of a variety of products at lower prices as compared to bars, restaurants, nightclubs, hotels, and other on-trade channels.

The modernization of retail stores across countries, notably in emerging countries, is increasing revenue generation through off-trade sales channels, such as supermarkets/hypermarkets.

By Geography: Europe accounted for the largest share of the Global Sparkling Wine Market in 2021, as Europe is the world’s top producer of wine.

The most popular sparkling wine, Prosecco, is primarily produced in Italy. For instance, in January 2022, according to the Prosecco DOC Consortium, Italy's total wine production increased by 25% in 2021, with 627.5 million certified bottles of Prosecco being produced.

Furthermore, Italy followed by France is the second largest producer of sparkling wine. For instance, according to Comité Champagne, a France trade association that represents the interests of independent Champagne producers, total Champagne shipments in 2021 increased by 32% over 2020 to 322 million bottles. In addition, exports also increased further, reached a new high of 180 million bottles over the same period.

Competitive Landscape

The Global Sparkling Wine Market is highly competitive with ~150 players which include globally diversified players, regional players as well as a large number of country-niche players with their niche in adopting advanced technology, such as fermentation technology, and precision viticulture (through IoT and software) to improve the product taste, texture, and oenological potential of vineyards. Moreover, companies are competing on various parameters such as partnerships, new products offering, business models, marketing strategies, pricing, campaign, and more.

Regional players constitute about ~55% of the total competitors, while country-niche players comprise a share of ~35%. Some of the major players in the market include Accolade Wines, Bronco Wine Company, Casella, Caviro Extra S.P.A. S.U, Constellation Brands, Inc., E.&J. Gallo Winery, Concha y Toro, The Sparkling Wine Co., Illinois Sparkling Co., Freixenet Sa, and among others.

Recent Developments Related to Major Players and Organizations

  • In May 2022, Accolade Wines launched its zero-alcohol wine collection named ‘Called &Then' which is made using the company’s own de-alcoholizing technique named ‘Zero Tech X technology’
  • In July 2021, E. & J. Gallo Winery partnered with Randall Grahm to release a new collection of wines named ‘The Language of Yes’ which is made mainly from grape varieties in California's diverse Central Coast AVA

Conclusion

The global Sparkling Wines market is forecasted to continue an exponential growth that is witnessed since 2017. The major driving factor contributing to the increasing consumption of sparkling wine is the rising living standards across countries, along with the increased social engagements, and adoption of western. Though the market is highly competitive with around ~150 participants, few country-niche players control the dominant share and regional players also hold a significant share.

Note: This is an upcoming/planned report, so the figures quoted here for a market size estimate, forecast, growth, segment share, and competitive landscape are based on initial findings and might vary slightly in the actual report. Also, any required customizations can be covered to the best feasible extent for Pre-booking clients, and the report delivered within a maximum of 2 working weeks.

Key Topics Covered in the Report

  • Snapshot of the Global Sparkling Wine Market
  • Industry Value Chain and Ecosystem Analysis
  • Market size and Segmentation of the Global Sparkling Wine Market
  • Historic Growth of the Overall Global Sparkling Wine Market and Segments
  • Competition Scenario of the Market and Key Developments of Competitors
  • Porter’s 5 Forces Analysis of the Global Sparkling Wine Industry
  • Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
  • Covid-19 Impact on the Overall Global Sparkling Wine Market
  • Future Market Forecast and Growth Rates of the Total Global Sparkling Wine Market and by Segments
  • Market Size of Product Type, Distribution Channel, and Application Segments with Historical CAGR and Future Forecasts
  • Analysis of the Global Sparkling Wine Market
  • Major Production/Supply and Consumption/Demand Hubs within Each Region
  • Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
  • Overview of Notable Emerging Competitor Companies within Each Region

Major Competitors Covered in the Report

  • Accolade Wines
  • Bronco Wine Company
  • Casella
  • Caviro Extra S.P.A. S.U
  • Constellation Brands, Inc
  • E.&J. Gallo Winery
  • Concha y Toro
  • The Sparkling Wine Co
  • Illinois Sparkling Co
  • Freixenet SA
  • Giulio Cocchi
  • Quady Wines
  • Treasury Wine Estates
  • California Champagnes
  • Pernod Ricard
  • G.H.Mumm
  • Lanson-BCC
  • La Marca USA

Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report

  • Wine Feedstock Suppliers (Wine Grapes)
  • Suppliers of Chemical Additives
  • Wine Producing Companies
  • Vineyard Management Companies
  • American Association of Wine Economists
  • American Wine Society
  • National Wine Trade Federation
  • Suppliers of Packaging Materials (Suppliers of Bottles, Corks)
  • Food Regulatory Authorities
  • Alcoholic Beverages Regulatory Authorities
  • Government Ministries and Departments of Alcoholic Beverages
  • Investment Banks and PE Firms Focused on Alcoholic Beverages Industry
  • Potential Entrants into Alcoholic Beverages Industry

Period Captured in the Report

  • Historical Period: 2017-2021
  • Forecast Period: 2022-2028F

Frequently Asked Questions

  • What is the Study Period of this Market Report?

  • The Global Sparkling Wine Market is covered from 2017-2028 in this report, including a forecast for 2022-2028

What is the Future Growth Rate of the Global Sparkling Wine Market?

  • The Global Sparkling Wine Market is expected to witness a CAGR of about ~7% over the next 6 years

What are the Key Factors Driving the Global Sparkling Wine Market?

  • Rapid socioeconomic changes and urbanization are propelling demand for sparkling wine across countries

Which is the Largest Product Segment within the Global Sparkling Wine Market?

  • The Prosecco segment held the largest share of the Global Sparkling Wine Market in 2021

Who are the Key Players in the Global Sparkling Wine Market?

  • Accolade Wines, Bronco Wine Company, Casella, Caviro Extra S.P.A. S.U, Constellation Brands, Inc., E.&J. Gallo Winery, Concha y Toro, The Sparkling Wine Co., Illinois Sparkling Co., Freixenet Sa, and others are the major companies operating in Global Sparkling Wine Market.


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Table of Contents

1. Executive Summary
1.1 Highlights of Global Sparkling Wine Market Historic Growth & Forecast
1.2 Highlights of Market Trends, Challenges, and Competition
1.3 Highlights of Market Revenue Share by Segments
2. Market Overview and Key Trends Impacting Growth
2.1 Global Sparkling Wine Market Taxonomy
2.2 Industry Value Chain
2.3 The Ecosystem of Major Entities in the Global Sparkling Wine Market
2.4 Government Regulations & Developments
2.5 Key Growth Drivers & Challenges Impacting the Market
2.6 COVID-19 Impact on the Global Sparkling Wine Market
2.7 Total Global Sparkling Wine Market Historic Growth by Segments Type, 2017-2021
2.7.1 By Type
2.7.2 By Product
2.7.3 By Distribution Channel
2.7.4 By Region
2.8 Total Global Sparkling Wine Market Historic Growth and Forecast, 2017-2028
2.9 Key Takeaways
3. Global - Market Segmentation by Type, Historic Growth, Outlook & Forecasts
3.1 Market Definition - Segmentation by Type
3.2 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Type, 2017-2028
3.2.1 Red
3.2.2 Rose
3.2.3 White
3.3 Key Takeaways from Market Segmentation by Type
4. Global - Market Segmentation by Product, Historic Growth, Outlook & Forecasts
4.1 Market Definition - Segmentation by Product
4.2 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Product, 2017-2028
4.2.1 Cava
4.2.2 Champagne
4.2.3 Cremant
4.2.4 Prosecco
4.2.5 Others
4.3 Key Takeaways from Market Segmentation by Product
5. Global - Market Segmentation by Distribution Channel, Historic Growth, Outlook & Forecasts
5.1 Market Definition - Segmentation by Distribution Channel
5.2 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Distribution Channel, 2017-2028
5.2.1 Supermarkets/Hypermarkets
5.2.2 Specialty Stores
5.2.3 On-Trade
5.2.4 Others
5.3 Key Takeaways from Market Segmentation by Distribution Channel
6. Industry/Competition Analysis - Competitive Landscape
6.1 Types of Players (Competitors) & Share of Competition
6.2 Porter’s 5 Forces Analysis of Global Sparkling Wine Competitors
6.3 Key Developments in the Global Sparkling Wine Sector Impacting Market Growth
6.4 Comparison of Leading Competitors within the Global Sparkling Wine Market, 2021
6.5 Comparison of Leading Competitors within the Global Sparkling Wine Market by Coverage of Type, 2021
6.6 Comparison of Leading Competitors within the Global Sparkling Wine Market by Coverage of Product, 2021
6.7 Comparison of Leading Competitors within the Global Sparkling Wine Market by Coverage of Distribution Channel, 2021
6.8 Comparison of Leading Competitors within the Global Sparkling Wine Market by Coverage of Region, 2021
6.9 Key Takeaways from Competitive Landscape
7. Key Competitor Profiles (Company Overview, Product Offerings, SWOT Analysis)
7.1 Accolade Wines
7.2 Bronco Wine Company
7.3 Casella
7.4 Caviro Extra S.P.A. S.U
7.5 Constellation Brands, Inc.
7.6 E.&J. Gallo Winery
7.7 Concha y Toro
7.8 The Sparkling Wine Co.
7.9 Illinois Sparkling Co.
7.10 Freixenet Sa
8. Geographic Analysis & Major Countries Market Historic Growth, Outlook, and Forecasts
8.1 Major Countries Comparison of Macroeconomic Factors
8.2 Global- Market Revenue Share, Historic Growth, Outlook and Forecasts by Geography, 2017-2028
8.3 Major Countries Market Analysis, Historic Growth, Outlook & Forecasts
8.4 North America - Sparkling Wine Market Analysis
8.4.1 Major Production and Consumption Hubs in North America
8.4.2 Notable Emerging Sparkling Wine Companies in North America
8.4.3 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Type, 2017-2028
8.4.4 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Product, 2017-2028
8.4.5 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Distribution Channel, 2017-2028
8.4.6 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Major Countries, 2017-2028
  • USA
  • Canada
  • Mexico
8.5 Europe - Sparkling Wine Market Analysis
8.5.1 Major Production and Consumption Hubs in Europe
8.5.2 Notable Emerging Sparkling Wine Companies in Europe
8.5.3 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Type, 2017-2028
8.5.4 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Product, 2017-2028
8.5.5 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Distribution Channel, 2017-2028
8.5.6 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Major Countries, 2017-2028
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
8.6 Asia Pacific - Sparkling Wine Market Analysis
8.6.1 Major Production and Consumption Hubs in the Asia Pacific
8.6.2 Notable Emerging Sparkling Wine Companies in the Asia Pacific
8.6.3 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Type, 2019-2028
8.6.4 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Product, 2019-2028
8.6.5 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Distribution Channel, 2019-2028
8.6.6 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Major Countries, 2017-2028
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
8.7 LAMEA - Sparkling Wine Market Analysis
8.7.1 Major Production and Consumption Hubs in LAMEA
8.7.2 Notable Emerging Sparkling Wine Companies in LAMEA
8.7.3 Market Revenue Share, Historic Growth, Outlook and Forecasts by Type, 2017-2028
8.7.4 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Product, 2017-2028
8.7.5 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Distribution Channel, 2017-2028
8.7.6 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Sub-Regions, 2017-2028
  • Latin America
  • Middle East
  • Africa
9. Industry Expert’s Opinions/Perspectives
9.1 Notable Statements/Quotes from Industry Experts and C-Level Executives on Current Status and Future Outlook of the Market
10. Analyst Recommendation
10.1 Analyst Recommendations on Identified Major Opportunities and Potential Strategies to Gain from Opportunities
11. Appendix
11.1 Research Methodology - Market Size Estimation, Forecast, and Sanity Check Approach
11.2 Sample Discussion Guide
  • Disclaimer

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Accolade Wines
  • Bronco Wine Company
  • Casella
  • Caviro Extra S.P.A. S.U
  • Constellation Brands, Inc.
  • E.&J. Gallo Winery
  • Concha y Toro
  • The Sparkling Wine Co.
  • Illinois Sparkling Co.
  • Freixenet SA
  • Giulio Cocchi
  • Quady Wines
  • Treasury Wine Estates
  • California Champagnes
  • Pernod Ricard
  • G.H.Mumm
  • Lanson-BCC
  • La Marca USA