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Sparkling Wines Market Type (White, Rosé, Red) Product (Cava, Champagne, Crémant, Prosecco, Others) Body Type (Light Bodied, Medium Bodied, Full-Bodied) Sweetness Level (Extra Brut, Brut, Extra Dry, Demi-sec) Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, ) (Specialty Stores, Online Stores, Others) () : Global Opportunity Analysis and Industry Forecast, 2020-2027

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Feb 2021 | 118 Views
 
Author(s) : Aparajita
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COVID-19

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Accounting for around 10% of the total global wine sales, the consumption of sparkling wines is experiencing an increase around the world. Sparkling wine is a wine with bubbles, which is a result of direct injection or natural fermentation of CO2. While processing sparkling wine, the CO2 is trapped and not allowed to escape, forming tiny bubbles. As the wine contains CO2, when it is poured in a glass, the fizziness in the wine causes the wine to sparkle, thereby making it unique in taste and appearance.

Out of many types of sparkling wines available, champagne is the best known sparkling wine and is mostly used in success parties and celebrations. Champagne is considered as a luxurious beverage and is available in both alcoholic and non-alcoholic segments of beverages. The sparkling wine is served chilled with different types of cuisine. As sparkling wines have a low content of alcohol, there is an increase in its demand, and it can be consumed by any age group.

The Europe sparkling wine market has the presence of many small-scale and medium-scale players and many emerging private levels, which leads to the domination of the sparkling wine market by Europe. The demand for wine all across the globe and the rise in number of local wineries positively impacting the global market for sparkling wines.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value ($US)

  Segments covered

  Type, Product, Body Type, Sweetness Level, Distribution Channel, and Region

  Regions covered

North America (U.S., Canada,and Mexico), Europe (Germany, UK, France, Italy, Spain,and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)

  Companies covered

E&J Gallo Winery, Illinois Sparkling Co., Constellation Brands, Moët Hennessy, Pernod Ricard SA, Bronco Wine Company, The Sparkling Wine Co., Treasury Wine Estates, Freixenet, Accolade Wines Australia Limited, The Wine Group LLC, Casella Family Brands, Lanson-BCC, Viña Concha Y Toro SA, and Caviro.

 

COVID-19 Scenario Analysis:

  • The COVID-19 outbreak has affected the wine market globally.

  • The lockdown situation has shut all the industries due to which the production is affected.
  • All the bars, restaurants, pubs, liquor stores, in almost all the countries have been shut, disrupting the sales volume and frequency of the wine.
  • The alcohol products do not come under the list of the essential items made by the government amid the Corona pandemic, which has given a massive blow to the sales of alcohol.
  • Also, trade activities are at a halt, again affecting the supply of wine and other alcoholic beverages.
  • However, the lockdown was lifted in a few countries, allowing the sales of alcoholic beverages, which certainly did boost the sales for the less alcoholic concentration beverages like sparkling wine.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The major factor that drives the growth of the sparkling wine market is its premium quality and taste. Along with this, various types of sparkling wines are available in the market, increasing the preference of the consumer toward its consumption. In addition, there is a rapid consumption of wines in celebrity events, parties, and festivals, supporting the growth of the global sparkling wine market. Sparkling wines have many health benefits like it contains fewer calories, improves heart health, and also tightens the skin. Furthermore, factors like increase in disposable income, easy access to alcoholic & non-alcoholic beverages, rise in influence of social media on the young generation, and penetration of e-commerce platform fuel the growth of the global sparkling wine market.

However, the high cost of sparkling wine, stringent government regulations in a few regions, rise in taxes, and the availability of cheap substitutes limit the growth of this market globally.

Rise in trend of premiumization, awareness regarding less alcoholic content in the sparkling wines, increase in R&D to bring innovative variants, and implementation of various sales strategies like giving discounts are few opportunities that propel the growth of the market.

The Global Sparkling Wine Market Trends are as follows:

The Future of Sparkling Wines lies in E-Commerce:

One of the key emerging trends in the sparkling wines market is the increase in use of e-commerce channels for selling wines. The e-commerce channel is becoming increasingly important in the days ahead. The penetration of the internet and its convenience will help in boosting the global sparkling wine market.

Innovation in Packaging:

The innovation in the packaging of sparkling wine is another trend that is poised to gain traction in this market. Manufacturers are bringing innovative packaging ideas like bag-in-box designs and cans that have attracted the consumers around the globe.

Key Segments Covered:

Segments

Sub-segments

Type

  • White
  • Rosé
  • Red

Product

  • Cava
  • Champagne
  • Crémant
  • Prosecco
  • Others

Body Type

  • Light Bodied
  • Medium Bodied
  • Full-Bodied

Sweetness Level

  • Extra Brut
  • Brut
  • Extra Dry
  • Demi-sec

Distribution Channel

  • Supermarkets & Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Stores
  • Others

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the global sparkling wine industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global sparkling wine market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global sparkling wine market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global sparkling wine market analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions Answered in the Sparkling Wine Market Research Report:

  • What are the leading market players active in the sparkling winemarket?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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