The latest report by IMARC Group, titled “Sparkling Wine Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the sparkling wine market outlook. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global sparkling wine market size reached US$ 39.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 66.6 Billion by 2032, exhibiting a growth rate (CAGR) of 5.8% during 2024-2032.
Sparkling wine is a type of wine characterized by significant levels of carbon dioxide, making it fizzy and effervescent. This category includes various styles, such as Champagne, Prosecco, and Cava, which differ based on the production method and the region of origin. Traditional methods of sparkling wine production involve secondary fermentation in the bottle, which generates natural carbonation. The primary types of sparkling wine are based on the sweetness level, from the dry 'Brut' to the sweeter 'Demi-Sec.' The advantages of sparkling wine are manifold; it is often associated with celebrations and luxury, enjoys a perception of sophistication, and offers versatility in pairing with different cuisines. Its carbonation offers a unique mouthfeel that enhances the drinking experience, making it a popular choice for both special occasions and casual dining.
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Market Trends:
The global market is experiencing robust growth driven by increasing consumer interest in premium alcoholic beverages. This trend is reinforced by a growing demographic of young adults who are keen on exploring diverse and upscale beverage options. Additionally, the market is benefiting from the rising popularity of wine tourism, particularly in regions renowned for sparkling wine production such as Champagne in France and Prosecco in Italy. Along with this, social media influence and marketing are also playing crucial roles in shaping consumer preferences and propelling the demand for sparkling wines as a symbol of celebration and affluence.
In addition, manufacturers are innovating with packaging and marketing strategies, such as offering mini bottles and eco-friendly packaging, to attract more consumers. Moreover, the expansion of distribution channels, including online retail platforms, has made sparkling wines more accessible to a global audience, further stimulating market growth. These factors, coupled with an increasing inclination towards low-alcohol and high-quality drinks, are driving the sparkling wine market forward.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Accolade Wines
- Bacardi Limited
- Bronco Wine Company
- Casella Family Brands
- Caviro Extra S.p.A.
- Constellation Brands Inc.
- Freixenet Sa (Henkell & Co. Sektkellerei)
- Giulio Cocchi Spumanti Srl
- Illinois Sparkling Co.
- Quady Winery
- Treasury Wine Estates
- Vina Concha Y Toro
Sparkling Wine Market Segmentation:
Our report has categorized the market based on region, type, product, price point and sales channel.
Breakup by Type:
- Red
- Rose
- White
Breakup by Product:
- Cava
- Champagne
- Cremant
- Prosecco
- Others
Breakup by Price Point:
- Economy
- Mid-range
- Luxury
Breakup by Sales Channel:
- Supermarket and Hypermarket
- Specialty Stores
- On Trade
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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