Middle East and Africa Sparkling Wine Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (White, Red, and Rose), Packaging Type (Bottles and Cans), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)
Market Introduction
The sparkling wine market in the Middle East and Africa is further segmented into South Africa, the UAE, and the Rest of the Middle East and Africa. The market in the UAE and South Africa, among other countries in this region, is witnessing slow yet significant growth However, countries such as Saudi Arabia, wherein alcohol consumption is prohibited, have low growth prospects for the market. Further, South Africa has a well-flourished wine business, and it is expected to grow significantly in the coming years owing to the factors such as rapidly evolving economic scenario, improving living standards, growing spending power, growing luxury goods demand. The UAE is offering notable opportunities for the growth of sparkling wine manufacturers as the laws on alcohol consumption in the country have been relaxed to a certain extent by the government. Previously, alcoholic beverages were only available at luxury bars and clubs in the country. Individuals needed to carry licenses for consuming alcoholic beverages at home. Furthermore, in Saudi Arabia, Iran, Kuwait, Yemen, and the Emirate of Sharjah, alcohol is completely prohibited. Thus, the Middle East has never been a primary target market for consumable alcohol producers. Innovations in sparkling wine production is the major factor driving the growth of the MEA sparkling wine market.
In the Middle East and Africa, South Africa had the most COVID-19 cases, followed by Saudi Arabia and the United Arab Emirates. Various companies have remained closed as a result of lockdowns, resulting in a decrease in the production and distribution activities. Shutdown of various markets such as supermarkets and hypermarkets, convenience stores, social distancing, is negatively affecting the market growth across the region. However, implementation of effective government policies in countries like the UAE have significantly revived the industrial activities across the region, which is projected to favor the growth of sparkling wines market in the Middle East and Africa.
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Market Overview and Dynamics
The sparkling wine market in MEA is expected to grow from US$ 1,577.95 million in 2021 to US$ 1,729.90 million by 2028; it is estimated to grow at a CAGR of 1.3% from 2021 to 2028. South Africa and Turkey are the leaders in wine production across the region, while several other countries such as the UAE is unexpectedly emerging in this market space, with elevated wine production capacities and fine wine quality. Sparkling wine is highly consumed in South Africa. According to wine ratings in the country, the number of wineries grows by slightly more than 4% every year. Furthermore, wine output in the country is increasing at a decent rate. Therefore, an increasing number of wineries is a major factor driving the growth of the MEA sparkling wine market.
Key Market Segments
The MEA 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 MEA 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; and Treasury Wine Estates Ltd are among others.
Reasons to buy report
- To understand the MEA sparkling wine market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for MEA sparkling wine market
- Efficiently plan M&A and partnership deals in MEA sparkling wine market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form MEA sparkling wine market
- Obtain market revenue forecast for market by various segments from 2021-2028 in MEA region.
MEA Sparkling Wine Market Segmentation
MEA Sparkling Wine Market -By Type
- White
- Red
- Rose
MEA Sparkling Wine Market -By Packaging type
- Bottles
- Cans
MEA Sparkling Wine Market -By Distribution Channel
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Retail
- Others
MEA Sparkling Wine Market -By Country
- South Africa
- UAE
- Rest of Middle East & Africa
MEA Sparkling Wine Market -Company Profiles
- Bacardi and Company Limited
- Chandon
- Constellation Brands, Inc.
- Henkell Freixenet
- Treasury Wine Estates Ltd
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
4. MEA Sparkling Wine Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. MEA Sparkling Wine Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Popularity of Sparkling Wine
5.1.2 Upsurge in Number Of Wineries
5.2 Restraints:
5.2.1 Rigid Government Policies and Regulations
5.3 Opportunities:
5.3.1 Increase in Alcoholic Beverages in Developing Countries
5.4 Future Trends:
5.4.1 Innovations in Sparkling Wine Production
5.5 Impact Analysis of Drivers and Restraint
6. Sparkling Wine – MEA Market Analysis
6.1 Sparkling Wine Market Overview
6.2 Sparkling Wine Market – Revenue Forecasts to 2028 (US$ Million)
7. MEA Sparkling Wine Market Analysis – By Type
7.1 Overview
7.2 Sparkling Wine Market, By Type (2020 and 2028)
7.3 White
7.3.1 Overview
7.3.2 White : Sparkling Wine Market – Revenue and Forecast to 2028 (US$ Mn)
7.4 Red
7.4.1 Overview
7.4.2 Red: Sparkling Wine Market – Revenue and Forecast to 2028 (US$ Mn)
7.5 Rose
7.5.1 Overview
7.5.2 Rose: Sparkling Wine Market – Revenue and Forecast to 2028 (US$ Mn)
8. MEA Sparkling Wine Market Analysis – By Packaging Type
8.1 Overview
8.2 Sparkling Wine Market, By Packaging type (2020 and 2028)
8.3 Bottles
8.3.1 Overview
8.3.2 Bottles : Sparkling Wine Market – Revenue and Forecast to 2028 (US$ Mn)
8.4 Cans
8.4.1 Overview
8.4.2 Cans: Sparkling Wine Market, Revenue And Forecast To 2028 (US$ Mn)
9. MEA Sparkling Wine Market Analysis – By Distribution Channel
9.1 Overview
9.2 Sparkling Wine Market, By Distribution Channel (2020 and 2028)
9.3 Supermarkets and Hypermarkets
9.3.1 Overview
9.3.2 Supermarkets and Hypermarkets : Sparkling Wine Market – Revenue and Forecast To 2028 (USD Million)
9.4 Specialty Stores
9.4.1 Overview
9.4.2 Specialty Stores : Sparkling Wine Market – Revenue and Forecast To 2028 (USD Million)
9.5 Online Retail
9.5.1 Overview
9.5.2 Online Retail : Sparkling Wine Market – Revenue and Forecast To 2028 (USD Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Sparkling Wine Market – Revenue and Forecast To 2028 (USD Million)
10. MEA Sparkling Wine Market – Country Analysis
10.1 Overview
10.1.1 Middle East and Africa: Sparkling Wine Market, by Key Country
11. Impact of COVID-19 Pandemic on MEA Sparkling Wine Market
11.1 Overview
12. Company Profiles
12.1 Bacardi and Company Limited
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Constellation Brands, Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Henkell Freixenet
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Treasury Wine Estates Ltd
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Chandon
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. MEA Sparkling Wine Market –Revenue Forecast to 2028 (US$ Million)
Table 2. South Africa Sparkling Wine Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 3. South Africa Sparkling Wine Market, by Packaging Type– Revenue and Forecast to 2028 (USD Million)
Table 4. South Africa Sparkling Wine Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 5. UAE Sparkling Wine Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 6. UAE Sparkling Wine Market, by Packaging Type– Revenue and Forecast to 2028 (USD Million)
Table 7. UAE Sparkling Wine Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 8. Rest of MEA Sparkling Wine Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 9. Rest of MEA Sparkling Wine Market, by Packaging Type– Revenue and Forecast to 2028 (USD Million)
Table 10. Rest of MEA Sparkling Wine Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. MEA Sparkling Wine Market Segmentation
Figure 2. MEA Sparkling Wine Market Segmentation – By Country
Figure 3. MEA Sparkling Wine Market Overview
Figure 4. White Segment Held Largest Share of MEA Sparkling Wine Market
Figure 5. Rest of MEA Held Largest Share of MEA Sparkling Wine Market
Figure 6. Porter’s Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. Sparkling Wine Market Impact Analysis of Driver and Restraint
Figure 9. MEA: Sparkling Wine Market – Revenue Forecast to 2028 (US$ Million)
Figure 10. MEA Sparkling Wine Market Revenue Share, By Type (2020 and 2028)
Figure 11. MEA White: Sparkling Wine Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 12. MEA Red : Sparkling Wine Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 13. MEA Rose: Sparkling Wine Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 14. MEA Sparkling Wine Market Revenue Share, By Packaging Type (2020 and 2028)
Figure 15. MEA Bottles: Sparkling Wine Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 16. MEA Cans: Sparkling Wine Market, Revenue And Forecast To 2028 (US$ Mn)
Figure 17. MEA Sparkling Wine Market Revenue Share, By Distribution Channel (2020 and 2028)
Figure 18. MEA Supermarkets and Hypermarkets: Sparkling Wine Market – Revenue and Forecast To 2028 (USD Million)
Figure 19. MEA Specialty Stores: Sparkling Wine Market – Revenue and Forecast To 2028 (USD Million)
Figure 20. MEA Online Retail: Sparkling Wine Market – Revenue and Forecast To 2028 (USD Million)
Figure 21. MEA Others: Sparkling Wine Market – Revenue and Forecast To 2028 (USD Million)
Figure 22. Middle East and Africa: Sparkling Wine Market, by Key Country-Revenue 2020 (US$ Million)
Figure 23. Middle East and Africa: Sparkling Wine Market Revenue Share, by Key Country (2020 and 2028)
Figure 24. South Africa: Sparkling Wine Market –Revenue and Forecast to 2028 (US$ Million)
Figure 25. UAE : Sparkling Wine Market –Revenue and Forecast to 2028 (US$ Million)
Figure 26. Rest of MEA: Sparkling Wine Market –Revenue and Forecast to 2028 (US$ Million)
Figure 27. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
- Bacardi and Company Limited
- Chandon
- Constellation Brands, Inc.
- Henkell Freixenet
- Treasury Wine Estates Ltd
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA Sparkling Wine market.
- Highlights key business priorities in order to assist companies to realign their business strategies
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the Sparkling Wine market, as well as those hindering it
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