Sparkling Wines Market by Type (Red, Rose, and White), Product (Cava, Champagne, Cremant, Prosecco, and Others), Price Point (Economy, Mid-range, and Luxury), and Sales Channel (Supermarket/Hypermarket, Specialty Stores, On Trade, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2027. The global sparkling wines market size was valued at $33.9 billion in 2019, and is anticipated to reach $51.7 billion by 2027, growing at a CAGR of 7.3% during the forecast period.
Sparkling wines is a fermented carbonated beverage made with grapes and other fruits. The fermentation process results in the production of alcohol and CO2. During the fermentation process, the gas is not allowed to escape, and thus forms tiny bubbles. This carbonation of wine takes place either in bottles or large tanks. Carbonation can also result from CO2 injected into a few varieties of wines.
Increase in demand for premium quality luxury goods and rise in disposable income & rapid urbanization are the driving factors of the sparkling wines market growth. Moreover, consumers, mainly millennials are more health conscious and are willing to try new, healthier alternatives to traditional soft drinks. Therefore, this factor is expected to escalate the popularity of sparkling wines.
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The alcohol industry is anticipated to experience the differential impact of the COVID-19 pandemic on each stage of its value chain through the mediums of affected workforce at industrial level, raw material supply (agricultural produce, ingredients, and intermediate products), trade & logistics, demand–supply volatility, and uncertain consumer demand at foodservice outlets. In addition, production, distribution, and inventory levels across the sparkling wines industry spectrum have experienced severe impact. Strong global concerns about the pandemic have largely but negatively influenced the global sparkling wines industry. Moreover, due to this pandemic, the prices of sparkling wines increased in 2020 to overcome economic instability.
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According to the sparkling wines market analysis, the market is segmented into type, product, price point, sales channel, and region. Based on type, the market is segregated into red, rose, and white. By product, it is fragmented into cava, champagne, cremant, prosecco, and others. Depending on price point, it is divided into economy, mid-range, and luxury. By sales channel, it is classified into supermarket/hypermarket, specialty stores, on trade, and others. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Spain, Italy, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Singapore, New Zealand, and Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, the UAE, South Africa, Saudi Arabia, Turkey, and Rest of LAMEA).
The key players profiled in this report include Accolade Wines Australia Limited, Bronco Wine Company, Casella Family Brands, Caviro Extra S.P.A, Constellation Brands, E. & J. Gallo Winery, Pernod Ricard, The Wine Group, Treasury Wine Estates, and Vina Concha Y Toro SA.
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Table Of Content:
CHAPTER 1:INTRODUCTION
1.1.Key benefits for stakeholders
1.2.Key market segments
1.3.Research methodology
1.3.1.Secondary research
1.3.2.Primary research
1.3.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.CXO perspective
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pockets
3.3.Industry pain point analysis
3.5.Top Players Positioning
3.6.Value chain analysis
3.7.Porter’s five forces analysis
3.7.1.Moderate Bargaining Power of Suppliers
3.7.2.Moderate Bargaining Power of Buyers
3.7.3.Moderate Threat of Substitution
3.7.4.Moderate Threat of New Entrants
3.7.5.High Intensity of Competitive Rivalry……continue
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