Market Overview

The sparkling wine market is an ever-growing segment of the global wine industry. It is estimated that the global sparkling wine market will reach $55.80 billion by 2030, growing at an annual rate of 5.6%. This growth is largely driven by the increasing demand for premium wines, as well as the growing number of health-conscious consumers.

The sparkling wine market is divided into two primary segments: still and sparkling. Still wines are typically served chilled and contain no carbon dioxide. Sparkling wines, on the other hand, are carbonated and typically contain higher levels of alcohol. Sparkling wines can range from dry to sweet and are typically served chilled or at room temperature.

In recent years, the sparkling wine market has seen a surge in popularity, particularly among younger consumers. This trend is likely due to the fact that sparkling wines are seen as a more sophisticated and luxurious product when compared to still wines. This popularity is also due to the fact that sparkling wines are often low in calories and have been linked to a variety of health benefits.

The sparkling wine market is further driven by the increasing number of wine-tasting events, which offer consumers the opportunity to sample a variety of wines. Additionally, a number of wine producers have begun to

Regional Analysis

North America is the leading region in terms of volume share, due to the high demand for sparkling wines market insight among consumers. Europe was one of the earliest adoptive parents of this product type and continues its dominance on account of having developed wine cultures that have been around for centuries, which has eventually helped generate a preference towards this beverage category not only within Europe but also outside it. The Asia Pacific region is projected to be the fastest-growing region during the estimated period owing to a rising population and an increase in disposable income.

Market Segmentation

The global Sparkling Wine Market has been segmented into sweetness level and distribution channel

Based on sweetness level, The global Sparkling Wine Market has been segmented into Extra-Brut, Brut, Extra Dry, and Demi-sec. The demand for brut sparkling wines will remain elevated, catching 33% revenue share across the estimated period. Preference for this wine category is largely owing to its reduced sugar content, permitting consumers to knowledge a unique flavor.

Based on the distribution channel, The global Sparkling Wine Market has been segmented into Modern trade, grocery stores, convenience stores, e-commerce, and others. The e-commerce channel is projected to hold 1/5th of the revenue share in the market for sparkling wines market outlook, obtaining more importance throughout the estimated period.

Key Players

Some of the key sparkling wine market players are Bronco Wine Co. (US), Constellation Brands Inc. (US), E & J Gallo Winery (US), Freixenet (Spain), Treasury Wine Estates Ltd. (Australia), California Champagnes (US), Pernod Ricard (France), Moet Hennessy USA (US), and The Sparkling Wine Co. (UK)

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