Sparkling Wine Market- Industry Size, Growth and Forecast

Sparkling Wine Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (White, Red, and Rose), Packaging Type (Bottles and Cans), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)

  • Report Code : TIPRE00019253
  • Category : Food and Beverages
  • Status : Published
  • No. of Pages : 140
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The sparkling wine market was valued at US$ 41.64 billion in 2021 and is projected to reach US$ 55.80 billion by 2028; it is expected to grow at a CAGR of 4.3% from 2021 to 2028.

Sparkling wine is a variant of wine with a high carbon dioxide content, which adds additional bubbling to it. Champagne is one of the most widely popular types of sparkling wine. It is the wine manufactured in the Champagne region in France; however, many sparkling winemakers in the US use this name for their locally manufactured products.

In 2020, Europe accounted for the largest share of the sparkling wine market. The European Union (EU) has the largest concentration of sparkling wine producers. According to the Institute of Wine and Vine, the EU accounts for 70–80% share, by volume, of the global manufacturing of sparkling wine since 2000. According to industry experts, Europe exports a greater volume of sparkling wine than still wine in the international markets. The region has a long and illustrious history of winemaking. Wine lovers across the world prefer European sparkling wine owing to their unique flavors, tastes, and preparation methods. Moreover, increasing preference for less alcoholic beverages, growing influence of celebrities on the lifestyles of people, inclination toward convenience food and beverages, and the tradition of popping a bottle of Champagne or sparkling wine during festivities and celebrations, among others, justify the dramatic increase in demand for this category of wine. Europe has a highly established sparkling wine market, which consists of several prominent as well as small distillers.

Sparkling winemakers have been significantly affected by the scarce availability of workers during the COVID-19 pandemic, which hampered their production capacity. In addition, the shutdown of wholesale markets has compelled manufacturers to rely primarily on supermarkets and e-commerce dealers to sell their sparkling wine products. Despite the pandemic, there has been a rise in the sales of rose and sparkling wine.

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Sparkling Wine Market: Strategic Insights

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Market Insights

Increase in Popularity of Sparkling Wine

Rapid socioeconomic changes and fast-paced urbanization are bolstering the demand for sparkling wine. With continuous rise in living standards and buying power, customers desire to purchase high-quality, luxurious items. Moreover, their food habits and meal preferences change with these changes in lifestyle. Thus, the demand for sparkling wine in parties, marriages, and social gatherings is on rise. With the growing preference for drinks with low or no alcohol content, the popularity of this wine is increasing among millennials, teenagers, and working populations, and in bachelors and people living in hostels. Furthermore, the widespread use of social media and the Internet is significantly impacting all generations, while rise in number of parties and social events are contributing to the rise in consumption of sparkling wine globally, primarily in developed nations such as the US, Canada, Mexico, Germany, France, and Italy, thereby driving the sparkling wine market growth.

Type Insights

Based on type, the sparkling wine market is segmented into red, white, and rose. In 2020, the white segment accounted for the largest market share. White wine is made with Moscato Bianco grapes from Italy’s Piedmont wine region. Its production is primarily concentrated in Alba and the province of Asti in Northern Italy. The bubbles are caused by natural fermentation, which might occur in the bottle or a big tank. Fermentation occurs when sugar is added to wine and yeast acts on the sugar, generating carbon dioxide. Bubbles are formed in the wine as a result of the trapped carbon dioxide inside an enclosed environment.

Bacardi & Company Limited; Bronco Wine Co.; Casella; Constellation Brands, Inc.; Henkell Freixenet; Chandon; Schramsberg Wineyards; Pernod Ricard Winemakers; The Sparkling Wine Co.; Treasury Wine Estates Ltd; Bottega Spa; Campari Group; and Codorniu are among the key players in the sparkling wine market.

Sparkling Wine Market Regional Insights

The regional trends and factors influencing the Sparkling Wine Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Sparkling Wine Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

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Sparkling Wine Market Report Scope

Report Attribute Details
Market size in 2021 US$ 41.64 Billion
Market Size by 2028 US$ 55.8 Billion
Global CAGR (2021 - 2028) 4.3%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Type
  • White
  • Red
  • Rose
By Packaging Type
  • Bottles and Cans
By Distribution Channel
  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Online Retail
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Bacardi and Company Limited
  • Bronco Wine Co.
  • Casella
  • Constellation Brands, Inc.
  • Henkell Freixenet
  • Schramsberg Wineyards
  • Pernod Ricard Winemakers
  • The Sparkling Wine Co.
  • Treasury Wine Estates Ltd

  • Sparkling Wine Market Players Density: Understanding Its Impact on Business Dynamics

    The Sparkling Wine Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

    Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

    Major Companies operating in the Sparkling Wine Market are:

    1. Bacardi and Company Limited
    2. Bronco Wine Co.
    3. Casella
    4. Constellation Brands, Inc.
    5. Henkell Freixenet

    Disclaimer: The companies listed above are not ranked in any particular order.


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    Report Spotlights

    • Progressive industry trends in the global sparkling wine market to help players develop effective long-term strategies
    • Business growth strategies adopted by companies in developed and developing markets
    • Quantitative analysis of the global sparkling wine market from 2019 to 2028
    • Estimation of the demand for sparkling wine from consumers
    • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
    • Recent developments to understand the competitive market scenario and the demand for sparkling wine
    • Market trends and outlook coupled with factors driving and restraining the growth of the sparkling wine market
    • Understanding on strategies that underpin commercial interest in the market, thus assisting in decision-making process for the market players
    • Sparkling wine market size at various nodes of market
    • Detailed overview and segmentation of the global sparkling wine market, as well as its industry dynamics
    • Sparkling wine market size in various regions with promising growth opportunities

    Sparkling Wine Market, by Type

    • White
    • Red
    • Rose

    Sparkling Wine Market, by Packaging Type

    • Bottles
    • Cans

    Sparkling Wine Market, by Distribution Channel

    • Supermarkets and Hypermarkets
    • Specialty Stores
    • Online Retail
    • Others

    Company Profiles

    • Bacardi and Company Limited
    • Bronco Wine Co.
    • Casella
    • Constellation Brands, Inc.
    • Henkell Freixenet
    • Schramsberg Wineyards
    • Pernod Ricard Winemakers
    • The Sparkling Wine Co.
    • Treasury Wine Estates Ltd
    • Chandon
    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset
    Report Coverage

    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered

    Segment Covered

    Type , Packaging Type , and Distribution Channel

    Regional Scope

    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope

    Country Scope

    Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

    Frequently Asked Questions


    What is the forecast outlook of cans segment in the sparkling wine market?

    Cans segment accounted for a minor share in 2020. Bottles re the most preferred type of packaging among sparkling wine consumers and manufacturers alike. However, cans can be used for single-serve and the recyclability has interested the eco-friendly consumers. Moreover, the young population that do not wish to buy an entire bottle are another target group expected to aid the growth of the cans segment over the forecast period.

    Why is Asia Pacific expected to grow at the highest rate during 2021–2028?

    Asia Pacific region accounts for a significant share of the global population and the rising disposable incomes and urbanization have contributed to the growth of the sparkling wine market in the region. The per capita consumption of wine is significantly low in the countries of Asia Pacific with respect to the western countries and this represents a significant potential for sparkling wine manufacturers. Moreover, interest in different varieties of sparkling wine from the countries such as China and India have also grown in the recent years.

    Based on distribution channel, what was the largest segment of the global sparkling wine market?

    Supermarkets and hypermarkets accounted for the largest share of the sparkling wine market in terms of distribution channel. The high footfall in supermarkets and hypermarkets makes it easier for sparkling wine manufacturers to target a wider customer base. The sparkling wine manufacturers mainly focus on selling sparkling wine via supermarkets and hypermarkets as they can enjoy the benefits of nationwide or area wide coverage and hence, generate a larger volume of sales.

    Based on type, why is the rose segment expected to grow at the highest rate during 2021–2028?

    Rose segment has been witnessing increasing popularity in recent years across the globe. Its distinct taste and color have increased its appeal among the population. Although it is a smaller category with respect to white, the segment has been registering significant growth in recent years.

    Can you list some of the major players operating in the Global Sparkling Wine Market?

    The major players operating in the global sparkling wine market are Bacardi & Company Limited; Bronco Wine Co.; Casella; Constellation Brands, Inc.; Henkell Freixenet; Chandon; Schramsberg Wineyards; Pernod Ricard Winemakers; The Sparkling Wine Co.; Treasury Wine Estates Ltd; Bottega Spa; Campari Group; and Codorniu among many others.

    What is the scope of sparkling wine in the global market?

    Sparkling wines are widely consumed across the globe, especially in western countries. They are available in bottles and cans, although they are mostly purchased in bottles.
    Based, on type, the sparkling wine market is segmented into white, red, and rose. Packaging type segmentation includes bottles, and cans. Based on distribution channel, the global sparkling wine market is segmented into supermarkets and hypermarkets, specialty stores, online retial, and others.

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    The List of Companies - Sparkling Wine Market

    1. Bacardi and Company Limited
    2. Bronco Wine Co.
    3. Casella
    4. Constellation Brands, Inc.
    5. Henkell Freixenet
    6. Schramsberg Wineyards
    7. Pernod Ricard Winemakers
    8. The Sparkling Wine Co.
    9. Treasury Wine Estates Ltd
    10. Chandon

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