Sparkling Wine Market Research Report to 2023 | MRFR

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SPARKLING WINE MARKET REPORT 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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SPARKLING WINE MARKET 2020
Sparkling Wine Market 2020 Industry Survey,
Growth, CompetitiveLandscape and Forecasts to
2023
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.
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SPARKLING WINE MARKET 2020
The global sparkling wine market has been
segregated, by distribution channel, into food
service and retail. The retail segment has
further been divided into supermarkets and
hypermarkets, specialty stores, and others. The
retail segment is expected to dominate the global
sparkling wine market during the assessment
period. The supermarkets and hypermarkets segment
is projected to register the highest CAGR owing
to the growth of the retail sector and the
ever-expanding networks of branded supermarket
and hypermarket chains. Enquiry of the Report
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SPARKLING WINE MARKET 2020
Regional Analysis
The global sparkling wine market has been
segmented, by region, into North America, Europe,
Asia-Pacific, and the rest of the world. Europe
is expected to dominate the global sparkling wine
market. Growing awareness about the health
implications has resulted in the reduced
consumption of alcohol which, in turn, has led to
a rise in the consumption of sparkling wine,
which has a lower alcohol content. The sparkling
wine market in Asia-Pacific is expected to grow
rapidly due to urbanization in Indonesia,
Malaysia, and India. Moreover, Australia is a
significant country for wine with a larger number
of vineyards.
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SPARKLING WINE MARKET 2020
Application Major Players in this Research

• Sparkling Wine Market Prominent Players
• 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)

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