Sparkling Wines Landscape Is Slated To Reach A Valuation Of US$ 90 Billion By 2032
Given its high level of penetration, particularly across emerging markets, particularly across Asian countries, future growth prospects seem quite good. In addition, producers are also offering sparkling wines with moderate alcohol content in light of the growing knowledge of the negative effects of alcohol use on human health. Sales are expected to grow rapidly from 2022 to 2032 at a CAGR of 6.9%.
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The On the Sparkling Wines Market research report assists companies in defining their own strategies for product creation, future product revisions, sales, marketing, promotion, and distribution in both the existing market and a potential novel market. Businesses may clearly understand what is already available, what the market presumes, the competitive climate, and what can be done to outperform the competition thanks to the research and analysis done for this study with the help of consistent knowledge. Businesses can better understand the various drivers and restraints affecting the market during the forecast period with the aid of the On the Sparkling Wines Market research study.
Key Players:
- E&J Gallo Winery
- Constellation Brands Inc.
- Pernod Ricard SA
- Bronco Wine Company
- Treasury Wine Estates
- Accolade Wines Australia Limited
- The Wine Group LLC
- Casella Family Brands
- Viña Concha y Toro SA
- Caviro Soc. Co-op.
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Competitive Landscape
Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advancements, mergers, and acquisitions to expand their market ground. Prominent market developments are as follows:
- In September 2021, Pernod Ricard SA signed an agreement to acquire the online alcoholic beverages trading platform The Whiskey Exchange. This acquisition is co-incident with Pernod Ricard’s consumer-centric strategy of fulfilling new consumer needs and expectations and strong demand for premiumization
- In August 2021, Treasury Wine Estates Ltd. announced its decision to join the RE-100 global renewable power initiative, as part of its commitment to transition to 100% renewable electricity generation by 2024. Its premium brands: Penfolds, Wolf Bass, Pepperjack, Wyns, and Squealing Pig- will be manufactured with 100% renewable electricity.
Key Segments in Sparkling Wines Industry Research
- By Sales Channel :
- Modern Trade
- Grocery Store
- Convenience Store
- E-Commerce
- Other Retail Formats
- By Body Type :
- Light Bodied
- Medium Bodied
- Full-Bodied
- By Sweetness Level :
- Extra-Brut
- Brut
- Extra Dry
- Demi-Sec
- By Region :
- North America
- Europe
- APEJ
- Japan
- Middle East & Africa
- Latin America
Some of the important questions covered in this study are as follows:
- What are the prominent growth factors that will harness growth for the On the Sparkling Wines Market during the forecast period?
- Which end-use industry will garner considerable growth for the On the Sparkling Wines Market?
- Which region will emerge as a champion growth contributor during the assessment period?
- What are the obstacles surrounding the On the Sparkling Wines Market?
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