Global Sparkling Wine Market 2024-2028
The sparkling wine market is forecasted to grow by USD 7.30 bn during 2023-2028, accelerating at a CAGR of 4.62% during the forecast period. The report on the sparkling wine market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by emergence of low-abv cocktails, growing demand from millennials, and increasing demand for celebration wines.
Technavio's sparkling wine market is segmented as below:
By Distribution Channel
By Product
- Champagne
- Prosecco
- Cava
- Others
By Geographical Landscape
- Europe
- North America
- APAC
- South America
- Middle East and Africa
This study identifies the expansion of online distribution channels as one of the prime reasons driving the sparkling wine market growth during the next few years. Also, increasing prominence of private-label brands and rise in organic and natural wines will lead to sizable demand in the market.
The report on the sparkling wine market covers the following areas:
- Sparkling wine market sizing
- Sparkling wine market forecast
- Sparkling wine market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading sparkling wine market vendors that include Accolade Wines Australia Ltd., Bacardi Ltd., BODEGAS MARTINEZ LACUESTA SA, Breathless Wines, Bronco Wine Co., Campari Group, Champagne Louis Roederer, Constellation Brands Inc., Contratto srl, E. and J. Gallo Winery, Giulio Cocchi Spumanti Srl, Gloria Ferrer, Gruppo Caviro, LVMH Moet Hennessy Louis Vuitton SE, Pernod Ricard SA, Quady Wines, SCHRAMSBERG VINEYARDS, The Nude Wine Co., Treasury Wine Estates Ltd., and Vina Concha y Toro SA. Also, the sparkling wine market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.