The sparkling wine market is growing due to premium beverage demand, with innovations like exotic flavors and alcohol-free options driving trends.
According to IMARC Group latest report titled” Sparkling Wine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the market is currently witnessing strong growth. The Global Sparkling Wine Market to exhibit moderate growth during the next five years. Sparkling wine is a fermented alcoholic beverage saturated with carbon dioxide gas. It is commonly available in red, rose and white variants that are produced using still wine that undergoes secondary fermentation in a mixture of yeast, sucrose nutrients and additives. Sparkling wine is a rich source of polyphenols and antioxidants that can aid in preventing oxidative stress in the body and minimizing the risks of stroke and developing Alzheimer’s disease. It is widely served across restaurants, hotels, microbreweries, cafes, pubs and bars on special occasions, events and parties.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Trends:
The global sparkling wine market is primarily being driven by the increasing preference for premium alcoholic beverages among the masses, especially millennials. In line with this, the rising number of distilleries that offer a variety of wine-based experimental cocktails is also providing a thrust to the market growth. Moreover, various product innovations, such as the launch of sparkling wines in exotic flavors and alcohol-free variants, are favoring the market growth. Other factors, including the increasing trend of gifting sparkling wines with customized bottles and labels, along with increasing expenditure capacities of the consumers, are creating a positive outlook for the market.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
Sparkling Wine Market Segmentation:
Our report has categorized the market based on region, type, product, price point and sales channel.
Breakup by Type:
Breakup by Product:
Breakup by Price Point:
Breakup by Sales Channel:
Breakup by Region:
Key highlights of the report:
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The main topic is the growth and trends in the global sparkling wine market from 2022 to 2027.
Increasing preference for premium alcoholic beverages and product innovations are key drivers.
The pandemic has influenced consumer behavior and market trends, which are being closely monitored.
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