Sparkling Wine Market Challenges, Trends and Forecast 2023
Posted by Pradeep Zende on February 12th, 2019
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.
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).
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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. Based on 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.
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.
The Global Sparkling Wine Market has been segregated, by distribution channel, into food service and retail. The retail segment has further been divided into supermarkets and hypermarkets, specialty stores, and others. The retail segment is expected to dominate the global sparkling wine market during the assessment period. The supermarkets and hypermarkets segment are projected to register the highest CAGR owing to the growth of the retail sector and the ever-expanding networks of branded supermarket and hypermarket chains.
Browse the market data and information spread across 100 pages with 49 data tables and 10 figures of the report “Sparkling Wine Market Research Report – Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/sparkling-wine-market-6546
October 2018 Market Research Future has published a half-cooked research report on the global sparkling wine market.
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About the AuthorPradeep Zende
Joined: February 12th, 2019
Articles Posted: 396
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