Market Introduction
The sparkling wine market in Europe is further segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The European Union (EU) has the largest concentration of sparkling wine producers. According to the Institute of Wine and Vine, the EU has been contributing 70–80% share to the global manufacturing of sparkling wine. by volume, since 2000. According to industry experts, European sparkling wine is exported more widely than still wines in the international markets. Growth in number of wineries is the major factor driving the growth of the Europe sparkling wine market.
In Europe, France and Italy recorded the highest number of COVID-19 cases as of June 2021. Moreover, Russia, the UK, and Germany are amongst the worst hit countries and are expected to suffer an economic hit due to the lack of revenue from various industries. European countries have implemented drastic measures and travel restrictions, including partially closing their borders. Extended lockdowns created trade barriers and restricted the operations of various industries in the region. These factors potentially restricted the growth of sparkling wines market. However, with the residents of European countries being vaccinated and life returning to normal, this impact is expected to ease out in the coming years leading to a growth in demand for sparkling wines and other beverages across the region.
Market Overview and Dynamics
The sparkling wine market in Europe is expected to grow from US$ 22,565.90 million in 2021 to US$ 29,899.39 million by 2028; it is estimated to grow at a CAGR of 4.1% from 2021 to 2028. "SparkleKlear" is a unique patent-pending cork design that performs a variety of functions in the production of sparkling wine, in the vineyard and home. It automates and simplifies the process of disgorging of sparkling wine, which is a complex and messy process that requires a high level of skills. For home brewers, thus unique cork design enables quickly transition to brewing sparkling wine from still wine preparations. SparkleKlear also provides an opportunity to significantly reduce the commercial carbon footprint by allowing wine producers to use smaller, lighter bottles. Further, reusability is a major benefit that enables home brewers to take samples during and after fermentation, and pressure testing and monitoring. Thus, innovations in different technologies and techniques involved in sparkling wine production are giving rise to several future trends that would boost the sparkling wine market growth in the coming years.
Key Market Segments
The Europe sparkling wine market is segmented on the bases type, packaging type, and distribution channel, and country. Based on type, the market is segmented into white, red, and rose. The white segment dominated the market in 2020 and red segment is expected to be the fastest growing during the forecast period. On the basis of packaging type, the sparkling wine market is segmented into bottles and cans. The bottles segment dominated the market in 2020 and cans segment is expected to be the fastest growing during the forecast period. On the basis of distribution channel, the sparkling wine market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. The supermarkets and hypermarkets segment dominated the market and online retail segment is expected to be the fastest growing during the forecast period.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the sparkling wine market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Bacardi and Company Limited; Chandon; Constellation Brands, Inc.; Henkell Freixenet; Pernod Ricard Winemakers; The Sparkling Wine Co.; and Treasury Wine Estates Ltd are among others.
Reasons to buy report
Europe Sparkling Wine Market Segmentation
Europe Sparkling Wine Market -By Type
Europe Sparkling Wine Market -By Packaging type
Europe Sparkling Wine Market -By Distribution Channel
Europe Sparkling Wine Market -By Country
Europe Sparkling Wine Market -Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 22,565.90 Million |
| Market Size by 2028 | US$ 29,899.39 Million |
| CAGR (2021 - 2028) | 4.1% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Sparkling Wine Market is valued at US$ 22,565.90 Million in 2021, it is projected to reach US$ 29,899.39 Million by 2028.
As per our report Europe Sparkling Wine Market, the market size is valued at US$ 22,565.90 Million in 2021, projecting it to reach US$ 29,899.39 Million by 2028. This translates to a CAGR of approximately 4.1% during the forecast period.
The Europe Sparkling Wine Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Sparkling Wine Market report:
The Europe Sparkling Wine Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Sparkling Wine Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Sparkling Wine Market value chain can benefit from the information contained in a comprehensive market report.
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