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Sparkling Wine Market Analysis

  • Report ID: GMI6840
  • Published Date: Oct 2023
  • Report Format: PDF

Sparkling Wine Market Analysis

Sparkling Wine Market Size, By Type, 2021 - 2032 (USD Billion)

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The sparkling wines market from red wine segment dominated around USD 35.63 billion revenue in 2022. Rosé sparkling wine is extremely popular, and it is created from red grape types, but the skin contact process is used, giving it a pink or salmon colour. Rosé sparklers combine fruitiness and elegance, with flavours ranging from strawberries and raspberries to floral undertones. This category includes Rosé Champagne, sparkling Rosé from Provence, and sparkling Shiraz.
 

Sparkling Wine Revenue Share, By Product, (2022)

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The champagne segment accounted for 65% of the sparkling wine market share in 2022. Champagne, from France's eponymous region, is the pinnacle of sparkling wine. Champagne is known for its rigorous production process, which results in delicate bubbles, nuanced flavours, and a sumptuous appearance. It comes in wide variety, ranging from brut to rosé, and is frequently linked with festivals and luxury. Cava is Spain’s response to sparkling wine, and it’s normally created the traditional way. It’s a great value for money, with a nice combination of lemony and toasty aromas. Cava is adaptable and goes well with a wide range of cuisines, making it a popular choice for everyday festivities.

 

The affordable sparkling wine market segment is anticipated to grow at 5% CAGR through 2032. Sparkling wines in affordable category are inexpensive and accessible to a wide variety of consumers. These wines are often reasonably priced, making them appropriate for everyday consumption and casual occasions. To keep prices low, producers frequently use cost-effective production methods such as the Charmat process. Affordable sparkling wines, such as entry-level Prosecco, Cava, or other value-priced sparkling wines, provide a good introduction to the world of bubbly.

 

The bottled packaging industry is projected to grow substantially during the forecast period. Bottled sparkling wines are the most traditional and well-known form of packaging for this beverage. These wines are packaged in glass bottles with a cork or crown cap. Sparkling wines in bottles are frequently linked with elegance and are preferred for special occasions and celebrations. They have a long shelf life and are well-suited for ageing, allowing nuanced flavours and aromas to develop over time. This type of packaging is widely used for premium sparkling wines, such as champagne and other high-quality selections.

 

The sparkling wine market from specialty stores segment will gain remarkable momentum between 2023 and 2032. Supermarkets and hypermarkets also play an important role in the distribution of sparkling wines. They have a large assortment of brands and varieties, making it easy for customers to buy sparkling wine in addition to their regular supermarket shopping. This channel is well-known for its ease of use and competitive cost.

 

North America Sparkling Wine Market Size, 2020- 2032 (USD Billion)

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U.S. sparkling wine market is predicted to expand at a significant pace from 2023 to 2032. California is the American sparkling wine industry's epicentre, with renowned regions such as Napa Valley and Sonoma County producing high-quality sparkling wines. Napa Valley, in particular, is known for its méthode traditionnelle sparkling wines, which are sometimes compared to Champagne in terms of quality and elegance. California producers provide a wide range of sparkling wine varieties, from brut to rosé, to suit a variety of tastes and budgets.

Authors: Kunal Ahuja, Himanshu Kabra

Frequently Asked Questions (FAQ) :

The market size of sparkling wine recorded USD 54.9 billion in 2022 and is set to reach USD 86.54 billion by the end of 2032, says this GMI report.

Champagne held a dominant market share of around 65% in 2022, owing to its rigorous production process, which results in delicate bubbles, nuanced flavours, and a sumptuous appearance, along with availability as brut to rosé.

U.S. market is anticipated to expand at a significant pace from 2023 to 2032, as California is the American sparkling wine industry's epicentre, with renowned regions such as Napa Valley and Sonoma County producing high-quality sparkling wines.

Accolade Wines Australia Limited, Bacardi & Company Limited, Bronco Wine Company, Casella Family Brands, Moët & Chandon, Caviro Extra S.P.A., Constellation Brands Inc., E & J Gallo Winery, Pernod Ricard Winemakers, Schramsberg Vineyards, and Treasury Wine Estates.

Sparkling Wine Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 297
  • Countries covered: 21
  • Pages: 210
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