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Sparkling Wine Market Trends

Report ID: GMI6840
Published Date: Oct 2023
Report Format: PDF

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Sparkling Wine Market Trends

In recent years, the sparkling wine industry has seen a number of dynamic movements that reflect shifting customer preferences and shifting market dynamics. Consumers are becoming more inclined to try premium and high-end sparkling wines, such as Champagne and sparkling wines from California's Napa Valley. This trend reflects a demand for more refined and high-end drinking experiences. Rosé sparkling wines are becoming increasingly popular. Its beautiful colour, fruity flavours, and association with elegance have made it a popular option for a variety of occasions, including brunches and festivities.

To cater to modern, on-the-go consumers, sparkling wine manufacturers are experimenting with packaging, introducing options such as canned sparkling wine, single-serve bottles, and different closures. These trends, taken together, highlight the lasting attraction of sparkling wines in various forms, as well as their continued growth potential in the global market.

Authors: Kunal Ahuja, Himanshu Kabra

Frequently Asked Questions (FAQ) :

The market size of sparkling wine recorded USD 54.9 billion in 2022 and is set to reach USD 86.54 billion by the end of 2032, says this GMI report.

Champagne held a dominant market share of around 65% in 2022, owing to its rigorous production process, which results in delicate bubbles, nuanced flavours, and a sumptuous appearance, along with availability as brut to rosé.

U.S. market is anticipated to expand at a significant pace from 2023 to 2032, as California is the American sparkling wine industry's epicentre, with renowned regions such as Napa Valley and Sonoma County producing high-quality sparkling wines.

Accolade Wines Australia Limited, Bacardi & Company Limited, Bronco Wine Company, Casella Family Brands, Moët & Chandon, Caviro Extra S.P.A., Constellation Brands Inc., E & J Gallo Winery, Pernod Ricard Winemakers, Schramsberg Vineyards, and Treasury Wine Estates.