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Press Release / Business / Sparkling Wine Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2021 - 2027

Sparkling Wine Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2021 - 2027

By Renewable Chemicals on May 19 2021 | 78 Views

Sparkling Wines Market by Type (Red, Rose, and White), Product (Cava, Champagne, Cremant, Prosecco, and Others), Price Point (Economy, Mid-range, and Luxury), and Sales Channel (Supermarket/Hypermarke

Market Overview
Sparkling wine, especially Champagne, is considered a status symbol. Wineries across the world are launching varieties of sparkling wines through their brands in a bid to stay ahead of the competition and garner and sustain consumer interest. The global sparkling wine market is fragmented with the presence of several producers, wineries, and distributors.
Competition is intense in the market due to the presence of numerous small and large wine manufacturers. The vendors in the market compete on the basis of several factors, including price, quality, innovation, service, reputation, distribution, and promotion. An increase in vendor competition may lead to a reduction in prices, thus, negatively affecting profit margins and market growth.
Based on type, the global sparkling wine market has been segmented into white, rosé, and red. The white sparkling wine segment accounted for the maximum market share in 2017. White sparkling wine is a traditional carbonated wine with a large consumer base. The red sparkling wine segment is expected to grow at a rapid pace during the forecast period owing to consumer preference for new and innovative wines.
Competitive Landscape
Some of the key players in the global sparkling wine market are Treasury Wine Estates Ltd (Australia), Illinois Sparkling Co. (US), Moët Hennessy USA (US), Pernod Ricard (France), California Champagnes (US), Bronco Wine Co. (US), Freixenet (Spain), the Sparkling Wine Co. (UK), Constellation Brands, Inc. (US), and E. & J. Gallo Winery (US).
Market Segmentation
The global sparkling wine market has been segmented based on type, distribution channel, and region.
The global sparkling wine market has been divided, by type, into white, rosé, and red.
On the basis of distribution channel, the global sparkling wine market has been segregated into food service and retail. The retail segment has further been classified as supermarkets and hypermarkets, specialty stores, and others.
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Regional Analysis
The global sparkling wine market has been segmented, by region, into North America, Europe, Asia-Pacific, and the rest of the world.
Europe is expected to dominate the global sparkling wine market. Growing awareness about the health implications has resulted in the reduced consumption of alcohol which, in turn, has led to a rise in the consumption of sparkling wine, which has a lower alcohol content.
The sparkling wine market in Asia-Pacific is expected to grow rapidly due to urbanization in Indonesia, Malaysia, and India. Moreover, Australia is a significant country for wine with a larger number of vineyards.

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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