Sparkling Wine Market size was valued at USD 54.9 billion in 2022 and is estimated to expand at 4.7% CAGR from 2023 to 2032. The market is a dynamic and evolving segment of the global wine industry. Sparkling wines are distinguished by their effervescence, which is frequently achieved by a secondary fermentation prozess. They are linked with special occasions, celebrations, and luxury, making them a prominent and increasing segment of the wine market.
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There is a growing popularity of sparkling wine amongst the millennials and younger consumers. This group is increasingly looking for effervescent, lighter alternatives to classic still wines. The younger generation prefers sparkling wine because of its adaptability and attractiveness as an aperitif, a brunch staple, or even a stand-alone beverage.
|Sparkling Wine Market Size in 2022:
|USD 54.9 Billion
|2023 to 2032
|Forecast Period 2023 to 2032 CAGR:
|2032 Value Projection:
|USD 86.54 Billion
|Historical Data for:
|2018 to 2022
|No. of Pages:
|Tables, Charts & Figures:
|Type, Product, Price, Packaging, Distribution Channel
|Pitfalls & Challenges:
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Consumer tastes are changing, and there is a growing need for a variety of drinking experiences, which is driving the sparkling wine market in upward trajectory. The globalisation of taste is developing an appreciation for sparkling wines as the world becomes a global palate, making them a perfect companion to different international cuisines and celebrations.
Rising disposable incomes, particularly in emerging nations, make these effervescent delights more affordable, while health-conscious consumers are drawn to their lower calorie content and effervescence. Sparkling wine manufacturers use clever branding and marketing techniques to increase their appeal and build devoted followings. The culture of innovation in the sector, from fresh flavours to creative packaging, keeps it lively and enticing.