Sparkling Wine Market Size Share - Industry Trends and Forecast 2017 - 2025
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Latest Research Report Sparkling
Wine Market - Global Industry Analysis, Size, Share, Growth, Trends
and Forecast 2017 - 2025
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Sparkling Wine Market
Introduction
Sparkling
Wine contains a significant amount of carbon dioxide which gives a
bubbly effervescence to it. Sparkling Wine is produced by the double
fermentation process due to which the carbon dioxide gas is formed.
The first fermentation process usually takes place in the steel
tanks, and the second fermentation takes place in the bottle. One of
the best known sparkling wine is the Champagne, which is particularly
produced in the Champagne region of France. Sparkling wine is mostly
used in celebrations, success, luxury, and various other occasions.
It can be alcoholic and non-alcoholic in nature and is consumed by
all age group.
Sparkling Wine Market
Segmentation
The
Sparkling Wine Market can be segmented on the basis of source,
nature, type of wine, flavors, distribution channel, and region.
By
source, the sparkling wine market can be segmented by the types of
grapes which include Pinot Noir, Pinot Meunier, Chardonnay, Pinot
Blanc, Pinot Gris, Petit Meslier, and Arbane. Among these, the Pinot
Noir is the most widely used variety of grape followed by Pinot
Meuniera and Chardonnay.
By
nature, the sparkling wine market can be segmented as organic
sparkling wine and conventional sparkling wine. The difference
between them is the method of production. The organic sparkling wine
is produced and fermented in bottles directly whereas the
conventional sparkling wine is produced and fermented in high
pressured tanks as well as in bottles.
By
types of wine, the sparkling wine market can be segmented as
alcoholic and non-alcoholic sparkling wine. Comparatively, the
alcoholic sparkling wine is experiencing a higher demand than the
non-alcoholic sparkling wine and thus the alcoholic sparkling wine
market is expected to grow significantly over the forecast period.
By
flavors, the market is segmented into brut, fruity flavor and others.
Fruity flavor segment can further be sub-segmented into apple, nutty,
pear, citrus, strawberry, vanilla and cream. The most popular style
of sparkling wine today is the Brut. Brut sparkling wine has a dry
taste, with very low sugar levels.
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By
distribution channels sparkling wine market is segmented into modern
trade units, specialty stores, and online stores.
Supermarkets/hypermarkets are recently anticipated to hold a
significant share in the sparkling wine market. Online stores also
have contributed remarkably to the growth of sparkling wine market
over the forecast period.
By
region, sparkling wine market can be segmented into different regions
while Europe being the leader with the largest production of
sparkling wine. Among the Europe region, Italy holds the first
position in the production and export of sparkling wine closely
followed by France, Germany, Spain, and Russia. Europe is followed by
the production capacity of U.S. with an increased 30% volume over the
past years. In terms of consumption, Germany, Russia, and U.S. till
now are the biggest sparkling wine consumers while U.K is leading in
the value terms.
Sparkling Wine Market
Drivers, Trends, and Drivers
According
to the recent trends of premiumization, alcohol consumers are
preferring sparkling wine instead of any other alcoholic drinks for
celebrations and occasions. Following the recent past activities in
various regions in the world, it can be concluded that consumption of
sparkling wine has become an accompaniment for a number of reasons.
In many developed regions such as Europe, Canada, the U.S., alcohol
and sparkling wine is a socially accepted part of their daily life.
Younger population of the world is influenced by their peer group or
peer thinking, which is a factor driving the growth of sparkling wine
market. Changing lifestyles, the influence of social media and
Internet, increasing social parties, adolescents with high social
network influence, greater family incomes, and others have easier
access to alcoholic and non-alcoholic drinks, which is also driving
demand for sparkling wine. Moreover, globally, the gender gap in
terms of alcohol consumption is closing as there is increasing
acceptance of female drinking in the societal norms. Because of all
these factors, people are attracted towards alcohol, which is driving
the growth of the sparkling wine market and this is expected to
continue over the forecast period.
In
spite of the growing trends of alcohol consumption and product
premiumization, the high cost of various sparkling wine inhibits
alcohol consumers to buy it which in result restraining the sparkling
wine market to grow.
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Sparkling Wine Market Key
Players
The
rise of demand for the Sparkling Wine in the various region is
attracting key players to produce and sell sparkling wine in the
market. Some the key players are ILLINOIS SPARKLING CO., The
Sparkling Wine Co., Moët Hennessy USA, LANSON-BCC, Pernod Ricard,
CALIFORNIA CHAMPAGNES, English Wine Producers, The Oxford Wine
Company Limited, and others.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
Market
segments and sub-segments
Market
trends and dynamics
Supply
and demand
Market
size
Current
trends/opportunities/challenges
Competitive
landscape
Technological
breakthroughs
Value
chain and stakeholder analysis
The
regional analysis covers:
North
America (U.S. and Canada)
Latin
America (Mexico, Brazil, Peru, Chile, and others)
Western
Europe (Germany, U.K., France, Spain, Italy, Nordic countries,
Belgium, Netherlands, and Luxembourg)
Eastern
Europe (Poland and Russia)
Asia
Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle
East and Africa (GCC, Southern Africa, and North Africa)
The
report has been compiled through extensive primary research (through
interviews, surveys, and observations of seasoned analysts) and
secondary research (which entails reputable paid sources, trade
journals, and industry body databases). The report also features a
complete qualitative and quantitative assessment by analyzing data
gathered from industry analysts and market participants across key
points in the industry’s value chain.
A
separate analysis of prevailing trends in the parent market, macro-
and micro-economic indicators, and regulations and mandates is
included under the purview of the study. By doing so, the report
projects the attractiveness of each major segment over the forecast
period.
Highlights
of the report:
A
complete backdrop analysis, which includes an assessment of the
parent market
Important
changes in market dynamics
Market
segmentation up to the second or third level
Historical,
current, and projected size of the market from the standpoint of both
value and volume
Reporting
and evaluation of recent industry developments
Market
shares and strategies of key players
Emerging
niche segments and regional markets
An
objective assessment of the trajectory of the market
Recommendations
to companies for strengthening their foothold in the market
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