Sparkling Wine Market Synopsis

Sparkling Wine Market Size is Valued at USD 47.56 Billion in 2023, and is Projected to Reach USD 69.21 Billion by 2032, Growing at a CAGR of 4.80% From 2024-2032.

The sparkling wine industry defines the global economy pertaining to carbonated wine products inclusive of wines with bubbly, effervescent characteristics. This market is spread with different sparkling wines like Champagne, Prosecco, Cava etc and is influencing by the factors like consumer demand towards event & premium products, advancement in wine production techniques & rise in consumer’s total expenditures. It covers multiple categories across several retail channels such as online markets, supermarkets, and specialty stores and fluctuations in regional production and consumption patterns.

•  Market trends towards premium and celebrative products also explain the expansion of the sparkling wine market in a big way.. Consumers trend analyses shows that as disposable income increases around the world, people are more than willing to part with their money in order to acquire better and quality products such as sparkling wines. Flourishing selectedness in the beverage sector together with the increase in the usage of sparkling wines for various occasions has led to the need. In addition, development of this sectors, hospitality and tourism has help increase the portion of sparkling wines consumed and those visible in the market.The other factor contributing to the growth of this industry is segmentation within the sparkling wine division. selections by individuals of premium and celebratory drinks. When the purchasing power increases across the world, consumers are willing to pay high prices for better and quality product such as sparkling wine. Another driver is the increase in the standard package and the accession in the carbonated bubbly wines applicable at different occasions and gatherings. Moreover, introduction of sparkling wines has been realised with the expansion of hospitality and tourism industries.
• Another key driver is the innovation and variety within the sparkling wine segment. Manufacturers are always coming up with different tastes, combined, and different types of packets that meet consumer’s needs. In this innovation, WLM not only gains new consumers but also make them try other types of sparkling wines they might have not tasted before. Technological advancements related to marketing and promotion as well as popularization through famous personalities are also the stimulators contributing to the development of the sparkling wine market.

Sparkling Wine Market Trend Analysis

Global Sparkling Wine Market, Insights into Growth, Consumer Preferences, and Regional Trends

•  The sparkling wine market has been on an upward swing in the recent past due to the rising demand for better or more in opportune occasioned wines.. The changes occurring are: increased consumer understanding and higher exigencies in terms of the quality of the product, the search for an exclusive product that is made by hand, leading to the ubiquity of sparkling wines like Champagne, Prosecco or Cava. The market is experiencing a rise in consumers demand of sparkling wines for events apart from partying but as a beverage for all occasions due to the varieties of taste and variations of sparkle.• Regionally it remains a large market as Europe has close affiliations with sparkling wine and has robust production facilities especially from France and Italy.histication and the demand for high-quality, unique, and artisanal products have propelled the popularity of sparkling wines such as Champagne, Prosecco, and Cava. The market is seeing an uptick in the consumption of sparkling wines not only during special occasions but also as a versatile option for casual and everyday drinking, thanks to its diverse flavor profiles and sparkling characteristics.
• Geographically, Europe continues to be a significant market due to its historical association with sparkling wines and strong production capabilities, particularly in France and Italy. Yet, there are other relatively progressive growth areas, including the North American and Asia-Pacific ones. These regions have benefited by growing disposable income levels, changing consumers’ lifestyle and general enhancement of wine consciousness. Also, advancement in technology adding to the e-commerce shop shelf and unique packaging opportunities have been putting sparkling wines at the forefront and contributing to market growth.

Fizzing with Potential, Exploring Growth Opportunities in the Sparkling Wine Market

• The sparkling wine market is still young and is growing fast thanks to increased demand across the globe for luxury products including beverages.. For this reason, the quality of sparkling wines to meet the growing demand created by elevated disposable income and changing palates is highly demanded, especially in new regions like the Asia-Pacific region and the Latin America. Online retailing also presents growth prospects targeting the customers enhancing their access to different sparkling wines with origins from various parts of the globe. This is in addition to the growth in the consumption of sparkling wines in other occasions to social and other celebrations, leading to a higher market demand. On the same note, diversification in aspect to packaging aspects and flavour types is another opportunity that other market participants can tap into.for premium and luxury beverages. As disposable incomes increase and consumer tastes evolve, there is a growing demand for high-quality sparkling wines, particularly in emerging markets such as Asia-Pacific and Latin America. The expansion of online retail channels also provides opportunities for reaching a broader audience, enabling consumers to access a diverse range of sparkling wines from around the world. This trend is further supported by the increasing popularity of sparkling wine in various social and celebratory events, driving higher consumption rates and market expansion.
• Additionally, innovation in packaging and flavor offerings presents new opportunities for market players. Consumers can be attracted to try to differ uniquely from other sparkling wines including flavored or organic brands. Other factors that support growth of the market are business associations made between sparkling wine producers and hotel industry to raise awareness and be better present in the market. Hitting on these trends helps to enhance corporate positions and target the improving client base that is looking for premium and innovative sparkling wine experiences.

Sparkling Wine Market Segment Analysis:

Sparkling Wine Market Segmented on the basis of Product type, Packaging and Price Range.

By Product Type, Champagne segment is expected to dominate the market during the forecast period

•  The global sparkling wine market is divided based on product type into Champagne, Prosecco, Cava and other types of sparkling wine.. The former types correspond to the particular consumption pattern of consumers with Champagne standing for the rich image and long-standing cultural references, Prosecco releasing more fruity notes, Cava delivering quality at a lower price, and other S.Ws being a broad classification of regional and new wave sparklings. This segmentation identifies the market differentiations that enable the consumers to shop around for several sparkling wines in the market depending on their taste buds and pockets.

By Price, Premium segment held the largest share in 2023

•  The sparkling wine segment is further divided for economical class namely Premium, Super Premium and Economy.. where the Premium segment contains wines, which are of high quality, but relatively inexpensive and more accessible; Super Premium offers wines of the highest quality that may be unique or rare and contained or represented by sparkling wines; and the Economy segment contains wines that are lower in quality, but more fairly priced and offer great choice to anyone who is willing to find a wine to their taste and price range.

Sparkling Wine Market Regional Insights:

Europe is Expected to Dominate the Market Over the Forecast period

•  Europe sparkling wine market is, therefore, very rich, and this comes from many popular countries such as France Italy and Spain.. France taking largest percentage of them due to certain premium products such as Champagne. Italy comes next with Prosecco, which has been especially popular due to rather affordable price and pleasant taste. This is because Cava of Spain also a very important in the production of sparkling wines due to flexibility in the type of sparkling wine it presents to the consumers. The market advantage well developed tradition ancillary sparkling wine, traditional strong brands is present along with new brands.• Current activities in the European sparkling wine industry involve increased consumer demand for high-quality and organic products.ampagne region, dominates the market with a significant share due to its high-end, premium offerings. Italy follows closely with Prosecco, which has gained substantial popularity for its accessible price and refreshing taste. Spain's Cava also plays a crucial role, offering a variety of styles that cater to different consumer preferences. The market benefits from a well-established tradition of sparkling wine consumption, with a strong presence of both traditional and innovative brands.
• Recent trends in the European sparkling wine market include a growing consumer preference for premium and organic options, reflecting a broader shift towards quality and sustainability. e-business has also made it easy for consumers to choose from a variety of sparkling wine hence boosting the market. Also, due to the increasing demand for quality and flavored products, the brands have stepped out of the comfort zone experimenting with new tastes and approaches. There remains confidence that the market will continue to grow, as consumers raise their demand for sparkling wine, caused by the culture of celebration and festival, which is expanding in the region.

Active Key Players in the Sparkling Wine Market

• Moët & Chandon (France)
• Veuve Clicquot (France)
• Dom Pérignon (France)
• Louis Roederer (France)
• Perrier-Jouët (France)
• Freixenet (Spain)
• Cava (Spain)
• Taittinger (France)
• G.H. Mumm (France)
• Prosecco (Italy)
• Chandon (United States)
• Bollinger (France)
• Piper-Heidsieck (France)
• Pol Roger (France)
• Cave de Lugny (France)
• Others

Key Industry Developments in the Sparkling Wine Market:

• In May 2024, Henkell Freixenet Holding successfully launched its new sparkling wine brands at the Vinexpo Asia Hong Kong event. The company showcased its innovative products, emphasizing its strategic focus on expanding its presence in the Asia market. With a clear vision to capture significant market share across the region, Henkell Freixenet aimed to strengthen its position in the competitive sparkling wine sector.
• In February 2024, Accolade Wines and Australian Vintage confirmed they were in negotiations for a potential merger. Australian Vintage, a publicly listed company, verified the discussions in an official announcement made to the Australian Securities Exchange. The proposed merger, if finalized, would create significant opportunities for both companies in the global wine market, though no further details regarding the deal were disclosed at the time.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Distribution Channel

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Sparkling Wine Market by Type
 5.1 Sparkling Wine Market Overview Snapshot and Growth Engine
 5.2 Sparkling Wine Market Overview
 5.3 White
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 White: Grographic Segmentation
 5.4 Red
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Red: Grographic Segmentation
 5.5 Rose
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Rose: Grographic Segmentation

Chapter 6: Sparkling Wine Market by Distribution Channel
 6.1 Sparkling Wine Market Overview Snapshot and Growth Engine
 6.2 Sparkling Wine Market Overview
 6.3 Specialty Stores
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Specialty Stores: Grographic Segmentation
 6.4 Hypermarkets
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Hypermarkets: Grographic Segmentation
 6.5 Supermarkets
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size(2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Supermarkets: Grographic Segmentation
 6.6 Others
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2017-2032F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Others: Grographic Segmentation

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Positioning
  7.1.2 Sparkling Wine Sales and Market Share By Players
  7.1.3 Industry BCG Matrix
  7.1.4 Ansoff Matrix
  7.1.5 Sparkling Wine Industry Concentration Ratio (CR5 and HHI)
  7.1.6 Top 5 Sparkling Wine Players Market Share
  7.1.7 Mergers and Acquisitions
  7.1.8 Business Strategies By Top Players
 7.2 BACARDI AND COMPANY LIMITED
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Operating Business Segments
  7.2.5 Product Portfolio
  7.2.6 Business Performance
  7.2.7 Key Strategic Moves and Recent Developments
  7.2.8 SWOT Analysis
 7.3 PERNOD RICARD
 7.4 MOËT & CHANDON
 7.5 BRONCO WINE CO
 7.6 CASELLA
 7.7 CONSTELLATION BRANDS
 7.8 PERNOD RICARD WINEMAKERS
 7.9 THE SPARKLING WINE
 7.10 TREASURY WINE ESTATES LTD
 7.11 CHANDON
 7.12 OTHER MAJOR PLAYERS

Chapter 8: Global Sparkling Wine Market Analysis, Insights and Forecast, 2017-2032
 8.1 Market Overview
 8.2 Historic and Forecasted Market Size By Type
  8.2.1 White
  8.2.2 Red
  8.2.3 Rose
 8.3 Historic and Forecasted Market Size By Distribution Channel
  8.3.1 Specialty Stores
  8.3.2 Hypermarkets
  8.3.3 Supermarkets
  8.3.4 Others

Chapter 9: North America Sparkling Wine Market Analysis, Insights and Forecast, 2017-2032
 9.1 Key Market Trends, Growth Factors and Opportunities
 9.2 Impact of Covid-19
 9.3 Key Players
 9.4 Key Market Trends, Growth Factors and Opportunities
 9.4 Historic and Forecasted Market Size By Type
  9.4.1 White
  9.4.2 Red
  9.4.3 Rose
 9.5 Historic and Forecasted Market Size By Distribution Channel
  9.5.1 Specialty Stores
  9.5.2 Hypermarkets
  9.5.3 Supermarkets
  9.5.4 Others
 9.6 Historic and Forecast Market Size by Country
  9.6.1 U.S.
  9.6.2 Canada
  9.6.3 Mexico

Chapter 10: Europe Sparkling Wine Market Analysis, Insights and Forecast, 2017-2032
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Type
  10.4.1 White
  10.4.2 Red
  10.4.3 Rose
 10.5 Historic and Forecasted Market Size By Distribution Channel
  10.5.1 Specialty Stores
  10.5.2 Hypermarkets
  10.5.3 Supermarkets
  10.5.4 Others
 10.6 Historic and Forecast Market Size by Country
  10.6.1 Germany
  10.6.2 U.K.
  10.6.3 France
  10.6.4 Italy
  10.6.5 Russia
  10.6.6 Spain
  10.6.7 Rest of Europe

Chapter 11: Asia-Pacific Sparkling Wine Market Analysis, Insights and Forecast, 2017-2032
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Type
  11.4.1 White
  11.4.2 Red
  11.4.3 Rose
 11.5 Historic and Forecasted Market Size By Distribution Channel
  11.5.1 Specialty Stores
  11.5.2 Hypermarkets
  11.5.3 Supermarkets
  11.5.4 Others
 11.6 Historic and Forecast Market Size by Country
  11.6.1 China
  11.6.2 India
  11.6.3 Japan
  11.6.4 Singapore
  11.6.5 Australia
  11.6.6 New Zealand
  11.6.7 Rest of APAC

Chapter 12: Middle East & Africa Sparkling Wine Market Analysis, Insights and Forecast, 2017-2032
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Type
  12.4.1 White
  12.4.2 Red
  12.4.3 Rose
 12.5 Historic and Forecasted Market Size By Distribution Channel
  12.5.1 Specialty Stores
  12.5.2 Hypermarkets
  12.5.3 Supermarkets
  12.5.4 Others
 12.6 Historic and Forecast Market Size by Country
  12.6.1 Turkey
  12.6.2 Saudi Arabia
  12.6.3 Iran
  12.6.4 UAE
  12.6.5 Africa
  12.6.6 Rest of MEA

Chapter 13: South America Sparkling Wine Market Analysis, Insights and Forecast, 2017-2032
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Type
  13.4.1 White
  13.4.2 Red
  13.4.3 Rose
 13.5 Historic and Forecasted Market Size By Distribution Channel
  13.5.1 Specialty Stores
  13.5.2 Hypermarkets
  13.5.3 Supermarkets
  13.5.4 Others
 13.6 Historic and Forecast Market Size by Country
  13.6.1 Brazil
  13.6.2 Argentina
  13.6.3 Rest of SA

Chapter 14 Investment Analysis

Chapter 15 Analyst Viewpoint and Conclusion