Sparkling Wine Market to reach 63.03 USD Bn at a CAGR of 4.8 percent by 2030- Says Maximize Market Research
The Sparkling Wine Market is witnessing growth given the rise in the consumption of Sparkling Wine and the array of health benefits offered by the beverage. The Sparkling Wine Market is segmented into Type, Product, Price point and Sales Channel (Supermarkets & Hypermarkets, Specialty Stores, on trade and others) for a better understanding of the market structure.
Maximize Market research, a leading Food and Beverages business consultancy and research firm has published a report on the “Sparkling Wine Market”. The Sparkling Wine Market surged to USD 45.39 billion in 2023. With an expected 4.8 percent annual growth from 2024 to 2030, it’s projected to hit USD 63.03 billion. Offering fizzy delights and it encompasses various global gems like Champagne, Prosecco, and Cava.
Sparkling Wine Market Scope and Research Methodology
Market Size in 2023– USD 45.39 Bn.
Market Size in 2030– USD 63.03 Bn.
CAGR– 4.8 percent (2024-2030)
Forecast Period – 2024-2030
Base Year– 2023
Number of Pages– 290
No. of Tables– 120
No. of Charts and Figures– 123
Segment Covered– Type, Product, Price Point and Sales Channel
Regional Scope– North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage– Market Share, Size & Forecast by Revenue | 2024−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.
The Sparkling Wine Market report offers a comprehensive analysis of market structure and competitive dynamics and meticulously estimating market size through a bottom-up approach. It delves into key drivers, challenges, and opportunities globally and regionally, considering technological advancements. Regional analysis highlights market leaders, penetration, and demographics. Segmentation aids in understanding target consumers and devising marketing strategies. Competitive analysis includes a matrix of market leaders and newcomers, assessing revenue, technology, and strategies. Data collection involved primary and secondary research, integrating qualitative and quantitative methods. Tools like SWOT and Porter’s Five Forces enhance understanding, making the report valuable for investment and marketing decisions.
Sparkling Wine Market Overview
Global Sparkling wine characterized by its effervescence from significant carbon dioxide content, primarily encompasses champagne, though EU regulations confine this term to France’s Champagne region. Varieties like Prosecco, Franciacorta, Trento DOC, Oltrep Pavese Metodo Classico, and Asti hail from Italy. Espumante originates from Portugal, Cava from Spain, and Cap Classique from South Africa. These diverse sparkling wines offer a range of flavors and styles and contributing to their popularity worldwide.
Sparkling Wine Market Dynamics
The global wine industry has undergone a seismic shift in recent decades and especially driven by the surge in sparkling wine consumption. This trend has captured the attention of industry analysts and attributed to evolving consumer preferences and tastes. The key to this growth is the depersonalization of consumption, liberating sparkling wine from its traditional end-of-year association. Also, a diverse range of offerings across various price points has further fueled its popularity. Sparkling wine’s versatility, now enjoyed year-round and in diverse settings, has cemented its status as a staple among consumers.
Sparkling Wine Market Regional Insights
Sparkling wines have surged in popularity worldwide with production increasing by in the last two decades. Prosecco leads in volume and spearheaded by Italy and the largest producer and followed by France. Together with Germany, Spain, and the US they contribute global output. Sparkling wine dominates exports and comprising total export value with Italy, France, and Spain leading. Germany leads consumption and followed by France and the US. Top importers include the UK and US. France, though producing less, commands higher prices, notably with Champagne, dominating exports by value.
Sparkling Wine Market Segmentation
By Type:
- Cava
- Champagne
- Cremant
- Prosecco
- Others
Based on Type, Champagne faced a cellar confinement as festivities dwindled with closures of bars and events, brands pivoted distribution. Family-owned businesses, reliant on traditional methods, embraced digitalization to meet evolving consumer needs. E-commerce bridged the gap and offering direct interaction and rare, sustainably produced vintages. Despite the setback, Champagne persisted as the symbol of celebration and driving high-end marketing strategies. The longing for nightlife fueled a post-pandemic surge in demand. Emerging from lockdowns, Champagne refuses to play second fiddle in the sparkling wine market and proving resilience through adaptation and a renewed connection with consumers in the digital age.
By Product:
- Cava
- Champagne
- Cremant
- Prosecco
- Others
By Price Point
- Economy
- Mid-range
- Luxury
By Sales Channel
- Supermarket/Hypermarket
- Specialty Stores
- On Trade
- Others
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Sparkling Wine Market Key Competitors include:
- Willamette Valley Vineyards
- Bacardi and Company Limited
- Casella Family Brands
- Nigerian Breweries
- Chandon
- Constellation Brands, Inc
- Virgin Wines
- Pernod Ricard Winemakers
- Concha Y Toro Winery
- Schramsberg Wineyards
- Chapel Down
- Belong Sparkling Wine
- Bodegas Esmeralda
- SOCIAL Sparkling Wine
- JOJO sparkling wine
- E & J Gallo Winery
- Treasury Wine Estates
- Sonoma Champagne Sabres
- Accolade Wines Australia Limited
- Mod Sélection Champagne
- Fogarty Wine Group
- Une Femme
- Belong Sparkling Wine
- Rack & Riddle
- N D Wines
Key questions answered in the Sparkling Wine Market are:
- What is Sparkling Wine?
- What is the current growth rate of the Sparkling Wine Market?
- Who are the key players in the Sparkling Wine Market?
- What are the factors affecting growth in the Sparkling Wine Market?
- Who held the largest market share in Sparkling Wine Market?
- What is the demand pattern for the Sparkling Wine Market?
- What are the opportunities for the Sparkling Wine Market?
- What are the strategies used by competitors in the Sparkling Wine Market?
- What are the growth prospects in developing countries for the Sparkling Wine Market?
- Which segment is expected to witness the fastest growth and why in the Sparkling Wine Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Product, Distribution and Region
- Competitive Landscape – Profiles of selected key players by region in a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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