According to our latest study “Sparkling Wine Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type (White, Red, and Rose), Packaging Type (Bottles and Cans), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others),” the market is projected to reach 55.80 billion by 2028 from 41.64 billion in 2021; it is expected to grow at a CAGR of 4.3% from 2021 to 2028. The report highlights key factors driving the market and prominent players, along with their major developments, in the market.Sparkling wine is a variant of wine with a high carbon dioxide content, which adds additional bubbling to it. Champagne is one of the most widely popular types of sparkling wine. It is the wine manufactured in the Champagne region in France; however, many sparkling winemakers in the US use this name for their locally manufactured products.
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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. Further, with the reopening of several markets, acceleration of vaccination development, and initiatives taken by various governments to support economic and industrial growth, the performance of the sparkling wine market is anticipated to improve in the coming years. In addition, e-commerce platforms have contributed significantly to the enhancement of sparkling wine sales amid the COVID-19 crisis. More than 85% of wineries that sell their products online have increased their online sales approach in order to capture the newfound growth within the online channel for sparkling wines.
Our Sample Report includes a brief introduction of the research report, TOC, list of tables and figures, competitive landscape rundown and geographic segmentation overview, innovation and future developments based on research methodology.
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The research literature includes data from primary and secondary sources. A detailed company profile of each player is provided including organic and inorganic growth strategies, partnerships, collaborations, product launches, product approvals, expansions and other key developments. These activities have paved way for the expansion of businesses and enlarged the customer base of leading market players. Our full report provides exclusive access to crucial data about leading companies such as their growth rate, market share, valuation, SWOT analysis and strategies used to maximise profits or deal with issues.
Some of the key players profiled in the report are:
• Bacardi and Company Limited
• Bronco Wine Co.
• Casella
• Constellation Brands, Inc.
• Henkell Freixenet
• Schramsberg Wineyards
• Pernod Ricard Winemakers
• The Sparkling Wine Co.
• Treasury Wine Estates Ltd
• Chandon
Sparkling Wine Market, by Type
• White
• Red
• Rose
Sparkling Wine Market, by Packaging Type
• Bottles
• Cans
Sparkling Wine Market, by Distribution Channel
• Supermarkets and Hypermarkets
• Specialty Stores
• Online Retail
• Others
The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Sparkling Wine Market in these regions.
REGIONAL FRAMEWORK
The report provides a detailed rundown of the industry after examining both qualitative and quantitative aspects. It also entails market size and forecast estimates from the year 2018 to 2027 with respect to five major regions. The Sparkling Wine Market for each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
Promising Regions & Countries Mentioned in Global Sparkling Wine Market Report:
• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East & Africa
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Key Features of Sparkling Wine Market Report:
• Identify the growth, size, leading players and segments in the global Sparkling Wine Market.
• Highlight key business priorities and help companies in adopting business strategies accordingly.
• The key findings and recommendations highlight crucial progressive industry trends in the global Sparkling Wine Market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by gaining actionable insights about organic and inorganic growth strategies adopted by other players.
• Analyse global market trends and outlook thoroughly along with the factors driving and hindering the market.
The report also covers a detailed chapter of the analysis on COVID-19 impact on this market at global and regional level in our final reports.
This research provides detailed information regarding the major factors influencing the growth of the Sparkling Wine Market in Global and Regional Level (drivers, restraints, opportunities, and challenges), forecast of the market size, in terms of value, market share by region and segment; regional market positions; segment and country opportunities for growth; New product developments, strengths and weaknesses, brand portfolio; Marketing and distribution strategies; challenges and threats from current competition and prospects; Key company profiles, SWOT, product portfolio and growth strategies.
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