Sparkling Wine Market: Top Geographies and Market Highlights
Geographical Analysis and Market Highlights 2020-2024
The sparkling wine market will grow by 14.07 mn L, fragmented at a CAGR of over 1% over the next five years. Our research report provides a detailed analysis of the market with insights on trends, drivers, and challenges that are likely to impact market growth. It also provides a competitive analysis of the key market players and their product portfolios.
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Sparkling Wine Market: Europe to lead market growth during the forecast period
Sparkling Wine Market: Competitive Landscape
Bacardi Ltd., BODEGAS MARTINEZ LACUESTA SA, Constellation Brands Inc., Contratto srl, Davide Campari-Milano Spa, E. & J Gallo Winery, Giulio Cocchi Spumanti Srl, LVMH Moet Hennessy - Louis Vuitton, Quady Wines, and Treasury Wine Estates Ltd.are some of the major market participants. The market is fragmented, and the growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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The report provides insights into the following FAQs:
Market Segmentation by Geography
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Sparkling Wine Market Size to Grow by 14.07 mn L through 2020-2024 | Forecast and Trend Analysis
Technavio has been monitoring the sparkling wine market and it is expected to grow by 14.07 mn L, accelerating at a CAGR of almost 1% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Sparkling Wine Market: Emerging Trends to Impact Market Growth
Increasing demand for celebration wines to emerge as a key trend in the industrial sparkling wine market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.
Sparkling Wine Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Bacardi Ltd., BODEGAS MARTINEZ LACUESTA SA, Constellation Brands Inc., Contratto srl, Davide Campari-Milano Spa, E. & J Gallo Winery, Giulio Cocchi Spumanti Srl, LVMH Moet Hennessy - Louis Vuitton, Quady Wines, and Treasury Wine Estates Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
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The Global Sparkling Wine Market is expected to grow by 14.07 million litres, accelerating at a CAGR of over 1% during the forecast period. Techanvio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. Download our free sample report with COVID-19 analysis
Sparkling Wine Market: Segmentation by Geography
During 2019, the prosecco segment dominated the global Sparkling Wine Market in 2019. The demand for Prosecco is high in all major wine markets such as the UK, the US, Germany, France, China, Italy, and Spain. The growth in demand for Prosecco due to its freshness and affordability, over Champagne. Many vendors use attractive packaging and high-quality grapes to place the product under the premium quality. The use of alternative smaller packaging has also helped vendors attract newer first-time drinkers. Thus, the growing demand for prosecco across the world is expected to drive the growth of the segment during the forecast period.
58% of the market’s growth will originate from Europe during the forecast period. Italy, France, Germany, and Spain are the key markets for sparkling wine in Europe. Market growth in this region will be slower than the growth of the market in North America and APAC. The adoption of the right marketing strategies by the vendors and their focus on new product launches are a few of the key factors that will facilitate the sparkling wine market during the forecast period.
Sparkling Wine Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Bacardi Ltd., BODEGAS MARTINEZ LACUESTA SA, Constellation Brands Inc., Contratto srl, Davide Campari-Milano Spa, E. & J Gallo Winery, Giulio Cocchi Spumanti Srl, LVMH Moet Hennessy - Louis Vuitton, Quady Wines, and Treasury Wine Estates Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio forecasts three scenarios (optimistic, probable, and pessimistic) to evaluate the impact of COVID-19 Download a Free Sample Report. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
