Sparkling wine, especially Champagne, is considered a status symbol. Wineries across the world are launching varieties of sparkling wines through their brands in a bid to stay ahead of the competition and garner and sustain consumer interest. The global sparkling wine market is fragmented with the presence of several producers, wineries, and distributors.
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Sparkling Wine Market Research Report – Global Forecast till 2023
Sparkling Wine Market
Research Report -Global
Forecast till 2023
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Copyright © 2017 Market Research Future.
Sparkling Wine Market Research Report – Global Forecast till 2023
1 Summary
Sparkling wine, especially Champagne, is considered a status symbol. Wineries across the world
are launching varieties of sparkling wines through their brands in a bid to stay ahead of the
competition and garner and sustain consumer interest. The global sparkling wine market is
fragmented with the presence of several producers, wineries, and distributors.
Competition is intense in the market due to the presence of numerous small and large wine
manufacturers. The vendors in the market compete on the basis of several factors, including price,
quality, innovation, service, reputation, distribution, and promotion. An increase in vendor
competition may lead to a reduction in prices, thus, negatively affecting profit margins and market
growth.
Based on type, the global sparkling wine market has been segmented into white, rosé, and red. The
white sparkling wine segment accounted for the maximum market share in 2017. White sparkling
wine is a traditional carbonated wine with a large consumer base. The red sparkling wine segment
is expected to grow at a rapid pace during the forecast period owing to consumer preference for
new and innovative wines.
Key Players:
Some of the key players in the global sparkling wine market are Treasury Wine Estates Ltd
(Australia), Illinois Sparkling Co. (US), Moët Hennessy USA (US), Pernod Ricard (France), California
Champagnes (US), Bronco Wine Co. (US), Freixenet (Spain), the Sparkling Wine Co. (UK),
Constellation Brands, Inc. (US), and E. & J. Gallo Winery (US).
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Copyright © 2017 Market Research Future.
Sparkling Wine Market Research Report – Global Forecast till 2023
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