Sparkling Wine Market Report by Type (Red, Rose, White), Product (Cava, Champagne, Cremant, Prosecco, and Others), Price Point (Economy, Mid-range, Luxury), Sales Channel (Supermarket and Hypermarket, Specialty Stores, On Trade, amd Others), and Region 2023-2028
The global sparkling wine market size reached US$ 36.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 55.4 Billion by 2028, exhibiting a growth rate (CAGR) of 7% during 2023-2028.
Sparkling wine is an alcoholic beverage containing a significant level of carbon dioxide (CO2) that provides a fizzy effect. It is produced using still wine that undergoes a secondary fermentation after adding a mix of yeasts, sucrose nutrients, and adjuvants. Its high concentration of polyphenols, which are antioxidants that prevent cell death from oxidative stress, help regulate cells' response to brain injuries during a stroke, Alzheimer's disease, Parkinson's disease, and other illnesses. At present, it is widely consumed as a celebration drink on special occasions like birthdays, anniversaries, sports events, corporate parties, and social gatherings.
Sparkling Wine Market Trends:
The rising socialization trend among the young population, coupled with the increasing influence of cocktail culture, represents one of the key factors strengthening the market growth. Moreover, rapid urbanization, inflating income levels, and shifting lifestyle preferences of consumers are catalyzing the demand for premium sparkling wines across the globe. This can also be attributed to the emerging trend of celebration parties and weekend gatherings across the corporate sector. Apart from this, the thriving food tourism industry and expanding culinary services are positively influencing the adoption of sparkling wines in luxury hotels and restaurants for gourmet cooking. Furthermore, several market players are investing in marketing campaigns to retain a competitive edge in the market. They are also offering canned sparkling wines in a range of unique and exotic flavors through online retail channels. This, in confluence with the flourishing e-commerce industry on account of the increasing Internet penetration and rising dependence on smartphones, is creating a positive outlook for the market growth. Besides this, the growing trend of gifting sparkling wines with personalized bottles and labels is anticipated to drive the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global sparkling wine market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, product, price point and sales channel.
Breakup by Type:
Breakup by Product:
Breakup by Price Point:
Breakup by Sales Channel:
Supermarket and Hypermarket
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Accolade Wines, Bacardi Limited, Bronco Wine Company, Casella Family Brands, Caviro Extra S.p.A., Constellation Brands Inc., Freixenet Sa (Henkell & Co. Sektkellerei), Giulio Cocchi Spumanti Srl, Illinois Sparkling Co., Quady Winery, Treasury Wine Estates and Vina Concha Y Toro.
Base Year of the Analysis
Type, Product, Price Point, Sales Channel, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Accolade Wines, Bacardi Limited, Bronco Wine Company, Casella Family Brands, Caviro Extra S.p.A., Constellation Brands Inc., Freixenet Sa (Henkell & Co. Sektkellerei), Giulio Cocchi Spumanti Srl, Illinois Sparkling Co., Quady Winery, Treasury Wine Estates and Vina Concha Y Toro
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Key Questions Answered in This Report
The global sparkling wine market was valued at US$ 36.7 Billion in 2022.
We expect the global sparkling wine market to exhibit a CAGR of 7% during 2023-2028.
The emerging socialization trend, along with the increasing adoption of sparkling wine in luxury
hotels and restaurants for gourmet cooking, is currently driving the global sparkling wine market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from
conventional brick-and-mortar distribution channels towards online retail platforms for the purchase
of sparkling wine.
Based on the type, the global sparkling wine market has been divided into red, rose, and white.
Among these, red sparkling wine currently exhibits a clear dominance in the market.
Based on the product, the global sparkling wine market can be categorized into cava, champagne,
cremant, prosecco, and others. Currently, prosecco holds the majority of the total market share.
Based on the price point, the global sparkling wine market has been segmented into economy, mid-
range, and luxury. Among these, economy represents the largest market share.
Based on the sales channel, the global sparkling wine market can be bifurcated into supermarket
and hypermarket, specialty stores, on trade, and others. Currently, supermarket and hypermarket
account for the majority of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle
East and Africa, and Latin America, where Europe currently dominates the global market.
Some of the major players in the global sparkling wine market include Accolade Wines, Bacardi Limited, Bronco Wine Company, Casella Family Brands, Caviro Extra S.p.A., Constellation Brands Inc., Freixenet Sa (Henkell & Co. Sektkellerei), Giulio Cocchi Spumanti Srl, Illinois Sparkling Co., Quady Winery, Treasury Wine Estates, and Vina Concha Y Toro.
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