Sparkling Wine Market to Garner $ 55.80 Bn by 2028 | 4.3 % CAGR – Impact of COVID-19 Pandemic and Global Analysis by The Insight Partners

The sparkling wine market was valued at US$ 41.64 Bn in 2021 and is projected to reach US$ 55.80 Bn by 2028; it is expected to grow at a CAGR of 4.3% from 2021 to 2028.

Sparkling Wine Market 2020-2028 Global Industry research report explores analysis of historical data along with size, share, growth, demand and revenue of the global Sparkling Wine and estimates the future trend of market on the basis of this detailed study. The study shares market performance both in terms of volume and revenue and this factor which is useful & helpful to the business.

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Rapid socioeconomic changes and fast-paced urbanization are bolstering the demand for sparkling wine. With continuous rise in living standards and buying power, customers desire to purchase high-quality, luxurious items. Moreover, their food habits and meal preferences changes with these changes in lifestyle. Thus, the demand for sparkling wine in parties, marriages, and social gatherings is on rise. With the growing preference for drinks with low alcohol content, the popularity of this wine is increasing among millennials, teenagers, and working populations. Furthermore, increasing social media and the Internet has significant impact on all generations, as well as an increase in social events, are increasing the consumption of sparkling wine globally, primarily in developed nations such as the US, Canada, Mexico, Germany, France, Italy, among others.

Europe is a significant market for the sparkling wine industry. The growth of the sparkling wine market in the Europe region is mainly attributed due to the popularity of sparkling wine amongst the consumers, coupled with the tradition of opening a bottle of Champagne or other sparkling wine during festivities and celebrations. The European sparkling wine market consists of several prominent as well as small distillers, engaged in producing different varieties of sparkling wines. The region accounts for a significant share of the global production of sparkling wines. Moreover, with growing demand for sparkling wines in the region, the market is expected to grow at a considerable pace in the next few years.

Impact of COVID-19 Pandemic on Sparkling Wine Market

Sparkling winemakers have been significantly affected by the scarce availability of workers during the COVID-19 pandemic, which hampered their production capacity. In addition, the shutdown of wholesale markets has compelled manufacturers to rely primarily on supermarkets and e-commerce dealers to sell their sparkling wine products. Despite the pandemic, there has been a rise in the sales of rose and sparkling wine.

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Scope of the study:

The research on the Sparkling Wine market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor's methodologies. The research also segments the Sparkling Wine market on the basis of end user, product type, application, and demography for the forecast period 2020-2028. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the Sparkling Wine market.

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Key points from Table of Content:

Introduction
Key Takeaways
Research Methodology
Sparkling Wine Market Landscape
Global Sparkling Wine Market - Key Industry Dynamics
Sparkling Wine - Global Market Analysis
Global Sparkling Wine Market Analysis - By Material
Global Sparkling Wine Market Analysis - By PackaSparkling Wineg Type
Global Sparkling Wine Market Analysis - by Application
Sparkling Wine Market - Geographic Analysis
Industry Landscape
Company Profiles
Appendix
LIST OF TABLES

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