Sparkling Wine Market Incremental Opportunity Assessment through 2017 to 2022
In a recent business intelligence study, FactMR presents the nitty-gritty of the global sparkling wine market considering 2012-2016 as the historic year and 2017–2022 as the stipulated timeframe. The business report highlights the drivers, restraints, opportunities and trends affecting sparkling wine market growth. Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume.
The sparkling wine market study outlines the key regions – Latin America, North America, MEA, Europe and APEJ – along with the countries contributing the most in the respective regions. The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin.
The sparkling wine market report addresses the below-mentioned queries:
- Why are vendors shifting away from traditional methods of manufacturing sparkling wine?
- How does the global sparkling wine market looks like in the next five years?
- Which end use industry is expected to surpass segment by the end of 2022?
- What innovative products are being introduced by the players in the global sparkling wine market?
- Which regions are showing the fastest market growth?
Rapid growth in emerging economies has culminated in a rise in per-capita disposable income and changing customer tastes and preferences. However, people have become well-aware of the ills of excessive alcohol consumption in ‘binge-drinking’ fests. Therefore, they are seeking out beverages with a lower alcohol content and the sparkling wine market is perfectly placed to reap the benefits of this shift in consumption pattern. Sparkling wine is equally desired by both the millennial generation, the geriatric population, and every demographic sandwiched between these two extremes. In addition, companies involved in the sparkling wine market are experimenting with newer packaging technologies such as bag-in-box and can designs to improve usability and enhance the aesthetic appeal of sparkling wine.
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The sparkling wine market is likely to be worth more than US$ 43 billion by the end of the forecast period – registering a modest CAGR of 2.5%. The brut segment accounts for a third of the revenue share in the sparkling wine market by sweetness level. Europe alone is worth more than US$ 5 billion by the end of the forecast period, making it imperative for companies in the sparkling wine market to target this dynamic continent. The second largest segment is the extra-brut sparkling wine segment that has just over a fifth of the revenue share. The highest CAGR in the extra-brut segment is expected in Latin America and key stakeholders in the sparkling wine market would do well to take this into consideration.
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The smallest opportunity is in the demi-sec segment of the sparkling wine market as it has a revenue share of just under 18% in the year 2017. Even though Latin America is much smaller in absolute size than either Europe or North America, it is expected to post the highest CAGR of 3.7% for the period from 2017 to 2022. The FactMR report on the sparkling wine market has profiled the most prominent companies actively involved in the sparkling wine market. These include Caviro, Viña Concha y Toro SA, Casella Family Brands, Wine Group LLC, Accolade Wines Australia Limited, Treasury Wine Estates, Bronco Wine Company, Pernod Ricard SA, Constellation Brands, Inc., and E&J Gallo Winery.
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