USD 49.17 Billion
Report ID:
SQMIG30F2045 |
Region:
Global |
Published Date: January, 2025
Pages:
198
|Tables:
93
|Figures:
78
Global Sparkling Wine Market size was valued at USD 49.17 Billion in 2023 and is poised to grow from USD 52.57 Billion in 2024 to USD 89.65 Billion by 2032, at a CAGR of 6.9% during the forecast period (2025-2032).
Increasing use of wines and champagnes in multiple celebratory occasions around the world is forecasted to primarily boost sales of sparkling wines in the future. Growing disposable income of people and rising willingness to spend on premium beverages are also expected to foster new opportunities for sparkling wine providers going forward. Rising awareness regarding health benefits of wine consumption is also estimated to uplift the demand for sparkling wines over the coming years. Increasing popularity of wines and alcoholic beverages in emerging countries owing to urbanization and rising Western influence are also creating an opportune setting for sparkling wine companies. The rapid expansion of the e-commerce industry is also expected to benefit the sales of sparkling wines through 2031. On the contrary, availability of alternative alcoholic beverages, stringent alcohol regulations, high costs of premium sparkling wines, and seasonal and occasional demand are some key restraints for the global sparkling wine industry across the study period and beyond.
Global Market Size
USD 49.17 Billion
Largest Segment
Brut
Fastest Growth
Extra-brut
Growth Rate
6.9% CAGR
To get more reports on the above market click here to Buy The Report
The global sparkling wine market is segmented based on body type, sweetness level, sales channel, and region. Based on body type, the market is segmented into light-bodied, medium-bodied, and full-bodied. based on sweetness level, the market is segmented into extra-brut, brut, extra dry, and demi-sec. Based on sales channel, the market is segmented into modern trade, grocery stores, convenience stores, e-commerce, and other retail formats. By region, the market is segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America.
Analysis by Sweetness Level
The brut segment is projected to account for the largest chunk of the global sparkling wine market share. High consumer preference for brut sparkling wines is projected to aid the dominance of this segment over the coming years. The crisp and clean taste offered by brut wines with a hint of sweetness is promoting their popularity among various types of consumers around the world. The low sugar content of this sparkling wine also makes it a popular choice among health-conscious consumers looking to cut their sugar consumption. The availability of a wide variety of brut sparkling wines is also expected to cement the high share of this segment going forward.
Meanwhile, the demand for extra-brut sparkling wines is forecasted to increase at a notable pace over the coming years. Changing consumer preferences and rising demand for drier wines and champagnes are helping this segment generate new opportunities. Surge in popularity of the French fine dine scene around the world coupled with rising awareness regarding health benefits of wine consumption are also boosting sales of extra-brut sparkling wines. Sharp and bitter taste of extra-brut wines coupled with their ability to aid in digestion are also forecasted to help this segment generate new opportunities in the long run.
Analysis by Sales Channel
Modern trade is forecasted to spearhead the sales of sparkling wines over the coming years. Increasing preference of people for shopping from hypermarkets and supermarkets for convenience and good discounts is projected to help this segment maintain its high global sparkling wine market share. The growing availability of a wide variety of sparkling wine on modern trade channels is also expected to create new opportunities for sparkling wine suppliers focusing on this segment. High investments in development of retail infrastructure around the world and evolving consumer preferences are also expected to play a vital role in augmenting sparkling wine demand via this sales channel through 2031.
On the other hand, the demand for sparkling wines via e-commerce is forecasted to witness a robust hike across the study period and beyond. Growing internet penetration and increasing availability of sparkling wines via e-commerce channels are expected to create new opportunities for sparkling wine providers focusing on this sales channel. Moreover, rising consumer preference for ordering food and beverages from the comfort of their homes and availability of same-day delivery are also expected to bring in more sparkling wine sales from e-commerce in the future. Growing number of vintners providing their sparkling wines via e-commerce is also expected to contribute to the expansion of global sparkling wine market size through 2031 and beyond.
To get detailed analysis on other segments, Request For Free Sample Report
Europe is forecasted to account for a dominant chunk of the global sparkling wine industry over the coming years. The presence of key wine-producing countries in this region and presence of heritage wine brands are allowing this region to bring in the most sparkling wine sales. Italy is the largest wine-producing country in this region thereby making it the most opportune market for sparkling wine companies focusing on Europe. France, Germany, and the United Kingdom are other noteworthy markets for sparkling wine providers going forward. The cultural significance of wine in many European countries and its massive socio-economic impact are also cementing the dominance of this region.
North America is expected to account for the second-largest global sparkling wine market share in the future. Growing wine consumption among millennials, rising demand for celebratory beverages, and increasing awareness regarding the health benefits of sparkling wine are key factors making this a highly opportune market. Increasing wine production in this region and the significance of alcoholic beverages in social interactions are also expected to boost sales of sparkling wines in this region. The United States and Canada are forecasted to emerge as the most opportune markets in the North American region through 2031 and beyond.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Drivers
High Consumer Preference for Premium Beverages
Health Perception of Wine Consumption
Restraints
High Costs of Premium Wines
Competition from Other Alcoholic Beverages
Request Free Customization of this report to help us to meet your business objectives.
Sparkling wine manufacturers should focus on creating wines that cater to a wide variety of consumers and consumer preferences. Drafting creative marketing strategies should also be the prime focus of sparkling wine companies to expand their sales potential. Targeting developing countries where popularity of alcoholic beverages is rising could also boost revenue generation potential for market players in the long run.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing awareness regarding the benefits of sparkling wine consumption and rising demand for premium beverages are key factors promoting the demand for sparkling wine. However, high costs of premium wines and competition from alternative alcoholic beverages are estimated to hamper sales of sparkling wines in the future. Europe is estimated to spearhead the global sparkling wine demand outlook owing to presence of key wine companies in Italy and France. The use of innovative packaging and development of low alcohol wines are also slated to present new opportunities for sparkling wine providers in the long run.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 49.17 Billion |
Market size value in 2032 | USD 89.65 Billion |
Growth Rate | 6.9% |
Base year | 2024 |
Forecast period | (2025-2032) |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Sparkling Wine Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Sparkling Wine Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Sparkling Wine Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Sparkling Wine Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG30F2045
[email protected]
USA +1 351-333-4748