Sparkling Wine Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
- Transparency Market Research
Sparkling Wine Market Introduction
Sparkling Wine contains a significant amount of carbon dioxide which gives a bubbly effervescence to it. Sparkling Wine is produced by the double fermentation process due to which the carbon dioxide gas is formed. The first fermentation process usually takes place in the steel tanks, and the second fermentation takes place in the bottle. One of the best known sparkling wine is the Champagne, which is particularly produced in the Champagne region of France. Sparkling wine is mostly used in celebrations, success, luxury, and various other occasions. It can be alcoholic and non-alcoholic in nature and is consumed by all age group.
Sparkling Wine Market Segmentation
The Sparkling Wine Market can be segmented on the basis of source, nature, type of wine, flavors, distribution channel, and region.
By source, the sparkling wine market can be segmented by the types of grapes which include Pinot Noir, Pinot Meunier, Chardonnay, Pinot Blanc, Pinot Gris, Petit Meslier, and Arbane. Among these, the Pinot Noir is the most widely used variety of grape followed by Pinot Meuniera and Chardonnay.
By nature, the sparkling wine market can be segmented as organic sparkling wine and conventional sparkling wine. The difference between them is the method of production. The organic sparkling wine is produced and fermented in bottles directly whereas the conventional sparkling wine is produced and fermented in high pressured tanks as well as in bottles.
By types of wine, the sparkling wine market can be segmented as alcoholic and non-alcoholic sparkling wine. Comparatively, the alcoholic sparkling wine is experiencing a higher demand than the non-alcoholic sparkling wine and thus the alcoholic sparkling wine market is expected to grow significantly over the forecast period.
By flavors, the market is segmented into brut, fruity flavor and others. Fruity flavor segment can further be sub-segmented into apple, nutty, pear, citrus, strawberry, vanilla and cream. The most popular style of sparkling wine today is the Brut. Brut sparkling wine has a dry taste, with very low sugar levels.
By distribution channels sparkling wine market is segmented into modern trade units, specialty stores, and online stores. Supermarkets/hypermarkets are recently anticipated to hold a significant share in the sparkling wine market. Online stores also have contributed remarkably to the growth of sparkling wine market over the forecast period.
By region, sparkling wine market can be segmented into different regions while Europe being the leader with the largest production of sparkling wine. Among the Europe region, Italy holds the first position in the production and export of sparkling wine closely followed by France, Germany, Spain, and Russia. Europe is followed by the production capacity of U.S. with an increased 30% volume over the past years. In terms of consumption, Germany, Russia, and U.S. till now are the biggest sparkling wine consumers while U.K is leading in the value terms.
Sparkling Wine Market Drivers, Trends, and Drivers
According to the recent trends of premiumization, alcohol consumers are preferring sparkling wine instead of any other alcoholic drinks for celebrations and occasions. Following the recent past activities in various regions in the world, it can be concluded that consumption of sparkling wine has become an accompaniment for a number of reasons. In many developed regions such as Europe, Canada, the U.S., alcohol and sparkling wine is a socially accepted part of their daily life. Younger population of the world is influenced by their peer group or peer thinking, which is a factor driving the growth of sparkling wine market. Changing lifestyles, the influence of social media and Internet, increasing social parties, adolescents with high social network influence, greater family incomes, and others have easier access to alcoholic and non-alcoholic drinks, which is also driving demand for sparkling wine. Moreover, globally, the gender gap in terms of alcohol consumption is closing as there is increasing acceptance of female drinking in the societal norms. Because of all these factors, people are attracted towards alcohol, which is driving the growth of the sparkling wine market and this is expected to continue over the forecast period.
In spite of the growing trends of alcohol consumption and product premiumization, the high cost of various sparkling wine inhibits alcohol consumers to buy it which in result restraining the sparkling wine market to grow.
Sparkling Wine Market Key Players
The rise of demand for the Sparkling Wine in the various region is attracting key players to produce and sell sparkling wine in the market. Some the key players are ILLINOIS SPARKLING CO., The Sparkling Wine Co., Moët Hennessy USA, LANSON-BCC, Pernod Ricard, CALIFORNIA CHAMPAGNES, English Wine Producers, The Oxford Wine Company Limited, and others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.