Latest News- Sparkling Wine Market: Off-trade is expected to lead the Distribution Channel segment during 2025-2029

The Sparkling Wine Market is being driven by Emergence of low-ABV cocktails

The Sparkling Wine Market is expected to grow at a CAGR of 4.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 8987.4 million. In the dynamic business landscape of the global sparkling wine market, distribution channels significantly influence market growth. The advancement of globalization and favorable trade policies have streamlined cross-border commerce, enabling both B2B and B2C players to expand their reach. Technological innovations and the increasing Internet user base have propelled online sales, broadening market accessibility. Furthermore, the evolution of customer spending patterns and shopping habits has fueled the expansion of the global e-commerce sector. The integration of advanced technologies such as ICT, artificial intelligence, and other modern tools has not only expanded the customer base but also presented lucrative growth prospects for key players in the sparkling wine industry. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Distribution Channel
  • Off-trade
  • On-trade
• Product
  • Champagne
  • Prosecco
  • Cava
  • Others
• Type
  • Red sparkling wine
  • White sparkling wine
  • Rose sparkling wine
• Geography
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • North America
    • Canada
    • US
  • APAC
    • China
    • Japan
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Emergence of low-ABV cocktails
• Growing demand from millennials
• Increasing demand for celebration wines

However, the market also witnesses some limitations, which are as follows:

• Campaigns against alcoholic beverage consumption
• Negative impacts of natural disasters and adverse weather conditions
• Increase in availability of counterfeit sparkling wine

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Market Scope in Sparkling Wine Market Research Report

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Research Analysis Overview

The Sparkling Wine Market encompasses various aspects of vintage variation, aging potential, and the sensory experiences of aroma and flavor profiles. Wine cellars and storage solutions ensure wine preservation for wine appreciation and education. Wine clubs, auctions, and competitions foster brand loyalty and value for money. Innovation in winemaking through new technologies, precision viticulture, and sustainable practices address climate change and consumer preferences. Supply chain management, marketing strategies including digital and social media, and brand building are essential for market success.

Market Research Overview

The global sparkling wine market encompasses producers utilizing the Methode Champenoise and Traditional Methods for production. This sector caters to manufacturers of sparkling wines, excluding equipment such as commercial dispensers and kegerators. Market expansion is anticipated due to the surge in craft sparkling wine production, particularly in developed regions. In the US, for instance, the number of craft sparkling wine producers has experienced substantial growth since 2021. Micro-producers account for approximately 80% of the total production, driving the market's growth trajectory.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/