Market Overview
The intensifying preference for alcoholic beverages due to the rise in eateries and bars is estimated to promote the sparkling wine market. The food, beverages nutrition reports are made by Market Research Future, which includes market options for expansion. A vital CAGR development is estimated to be exhibited in the global market.
The investment in wineries has risen considerably in the past few years, and this is projected to bolster the sparkling wine market share in the coming period. The soaring demand for premium wines is set to rise further due to increased preference for luxury products, and this is projected to help the sparkling wine market companies in the forthcoming period.
Segmental Analysis
The segmental study of the sparkling wine market has been carried out based on distribution channel, type, and region. On the basis of the distribution channel, the global sparkling wine market has been segmented into food service and retail chains. The retail sub-segment has further been segmented into speciality stores, supermarkets hypermarkets, and others. Based on the regions, the sparkling wine market has been segmented into Europe, Asia Pacific, North America, and other notable regional markets. On the basis of type, the sparkling wine market has been segmented into rosé, white, and red.
Regional Analysis
The regional overview of the wine industry statistics includes regions such as Europe, Asia Pacific, North America, and other notable regional markets. The European sparkling wine market is anticipated to govern the global market for the period of the forecast. The sparkling wine market in the European region is extremely fragmented with the incidence of abundant small- and medium-scale companies and developing private labels. The rising health knowledge among European customers has pushed the demand for wine as it is believed to be healthier than most alcoholic beverages with a raised alcohol content. France, Germany, and the US are projected to be the major national markets for sparkling wine in the course of the forecast period. Developing understanding about the health effects has resulted in the lessened consumption of alcohol which, in turn, has led to an intensification in the intake of sparkling wine, which has a lesser alcohol content. The Asia Pacific sparkling wine market is anticipated to be the fastest-growing regional market in the estimated period. Australia, China, Singapore, Japan, and India are the strategic national markets in the APAC region. Moreover, the Asia Pacific regional sparkling wine market is projected to develop rapidly due to urbanization and the contribution of Australia, which is a noteworthy national market for wine with a greater number of vineyards.
Competitive Analysis
The design of frameworks that can extensively withstand macro and micro changes in the global market is evaluated to become more common and necessary in the coming period. The financial and investor components in the international markets are likely to gain a bigger role in progress through the forecast period. The prerequisite for business continuity has become extremely predominant in the global economy due to disruptions created by the ongoing pandemic. The necessity for creation for robust business models is estimated to be undertaken more aggressively in the future. The restructuring and refinement in the global supply chains and trade agreements are estimated to calibrate the overall market for the next phase of advancement. The upgradation in public policies is forecasted to promote market growth in the forecast period further. The demand to analyze and leverage the opportunities in the market is predicted to create promising options for development in the forthcoming period.
Pernod Ricard (France), California Champagnes (US), Treasury Wine Estates Ltd (Australia), Illinois Sparkling Co. (US), Freixenet (Spain), The Sparkling Wine Co. (UK), Constellation Brands, Inc. (US), Moët Hennessy USA (US), E. J. Gallo Winery (US), and Bronco Wine Co. (US) are some of the important companies in the sparkling wine market.
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