North America 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
North America constitutes economies such as the US, Canada, and Mexico. North America is one of the prominent regions for sparkling wines market owing to rapidly increasing consumption of sparkling wines across the region. Moreover, The US is one of the significant producers of sparkling wine in the world, and according to a report published by the International Organization of Vine and Wine, it accounted for 6% of the global sparkling wine production in 2018. The country ranks third among the largest consumers of sparkling wine, after Germany and France. Although sparkling wine traditionally serves the purpose of celebration and grandeur, Americans are rapidly welcoming it as a wine for everyday meet-ups. According to the data provided by Wine Institute, more than 300 wineries in California produce sparkling wine in various styles, ranging from bone dry to sweet. Further, growing inclination toward beverages with lower alcohol content, changing food and beverage preferences and choices of customers, increasing frequency of celebrations are among other factors boosting the consumption of sparkling wine in North American countries. In addition to the growing trend and will of celebrating small occasions such as wedding ceremonies, anniversaries, birthdays, thanksgiving, and baby showers, the practice of gifting premium wine varieties during such occasions is also triggering the sales of these wine products in the region. Additionally, the trend of going out on dates and fancy dinners is also expected to propel the market growth during the forecast period. North America is one of the lucrative regions for the manufacturers of sparkling wines, and the import volumes of sparkling wine in the region is increasing rapidly. Thus, the presence of a potential customer base with a strong affinity toward sparkling wine is opening immense growth opportunities for sparkling wines manufacturers. Rise in Popularity of sparkling wine is the major factor driving the growth of the North America sparkling wine market.
The US recorded the highest number of COVID-19 confirmed cases than Mexico and Canada. The crisis adversely affected the food & beverage industry in the region due to restricted supply chain. In addition, lockdown, social distancing, shutdown of various supermarkets and hypermarkets, coupled with the overall disruptions in manufacturing process, supply chain disintegration, shortage of raw materials, and other factors have impacted the operations of various industries across the region leading to a significant drop in demand for sparkling wines. However, remarkable success of vaccination drives across the region is projected to have a positive impact on business activities and the economy, which is projected to favor the growth of sparkling wines market in North America over the forecast period.
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Market Overview and Dynamics
The sparkling wine market in North America is expected to grow from US$ 8,855.66 million in 2021 to US$ 11,902.84 million by 2028; it is estimated to grow at a CAGR of 4.3% from 2021 to 2028. The increasing practice of consuming vintage wine on special occasions and surge in the acceptance of wine are the key factors supporting the expansion of the sparkling wines market in several economies such as Canada. For instance, wine consumption in the region has risen steadily in the 21st century due to high popularity and availability of sparkling wine varieties, especial through online retail channels. Canada is scaling up its domestic wine production. Its vineyard acreage more than doubled during 2006–2016. While most of that land is being utilized for growing table grapes, wine production is gradually increasing. Moreover, international winemakers are seeking entry into the market, and they are altering their winemaking styles and adjusting their packaging designs to appeal to the local consumers. The rising consumption of grape wine is also providing opportunities for the local manufacturers. People have started adopting the tradition of popping champagne corks on special events such as completing new deals, earning large profits, corporate parties, and weddings and receptions. This has resulted in the expansion of the sparkling wine market in the country. Thus, several countries are providing enormous opportunities for the sparkling wines market players across North America.
Key Market Segments
The North America 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 North America 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; Bronco Wine Co.; Chandon; Constellation Brands, Inc.; Henkell Freixenet; Pernod Ricard Winemakers; Schramsberg Wineyards; and Treasury Wine Estates Ltd are among others.
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- To understand the North America sparkling wine market landscape and identify market segments that are most likely to guarantee a strong return
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- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America sparkling wine market
- Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.
North America Sparkling Wine Market Segmentation
North America Sparkling Wine Market -By Type
- White
- Red
- Rose
North America Sparkling Wine Market -By Packaging type
- Bottles
- Cans
North America Sparkling Wine Market -By Distribution Channel
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Retail
- Others
North America Sparkling Wine Market -By Country
- US
- Canada
- Mexico
North America Sparkling Wine Market -Company Profiles
- Bacardi and Company Limited
- Bronco Wine Co.
- Chandon
- Constellation Brands, Inc.
- Henkell Freixenet
- Pernod Ricard Winemakers
- Schramsberg Wineyards
- 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. North America Sparkling Wine Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Sparkling Wine Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Popularity of Sparkling Wine
5.1.2 Surge in Number Of Wineries
5.2 Restraints:
5.2.1 Strict Government Policies and Regulations
5.3 Opportunities:
5.3.1 Acceptance of 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 – North America Market Analysis
6.1 Sparkling Wine Market Overview
6.2 Sparkling Wine Market – Revenue Forecasts to 2028 (US$ Million)
7. North America 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. North America 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. North America 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. North America Sparkling Wine Market – Country Analysis
10.1 Overview
10.1.1 North America: Sparkling Wine Market, by Key Country
10.1.1.1 US: Sparkling Wine Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 US: Sparkling Wine Market, by Type
10.1.1.1.2 US: Sparkling Wine Market, by Packaging Type
10.1.1.1.3 US: Sparkling Wine Market, by Distribution Channel
10.1.1.2 Canada: Sparkling Wine Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Canada: Sparkling Wine Market, by Type
10.1.1.2.2 Canada: Sparkling Wine Market, by Packaging Type
10.1.1.2.3 Canada: Sparkling Wine Market, by Distribution Channel
10.1.1.3 Mexico: Sparkling Wine Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Mexico: Sparkling Wine Market, by Type
10.1.1.3.2 Mexico: Sparkling Wine Market, by Packaging Type
10.1.1.3.3 Mexico: Sparkling Wine Market, by Distribution Channel
11. Impact of COVID-19 Pandemic on North America 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 Bronco Wine Co.
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 Constellation Brands, Inc.
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 Henkell Freixenet
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 Schramsberg Wineyards
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
12.6 Pernod Ricard Winemakers
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Treasury Wine Estates Ltd
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Chandon
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. North America Sparkling Wine Market –Revenue Forecast to 2028 (US$ Million)
Table 2. US Sparkling Wine Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 3. US Sparkling Wine Market, by Packaging Type – Revenue and Forecast to 2028 (USD Million)
Table 4. US Sparkling Wine Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 5. Canada: Sparkling Wine Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 6. Canada Sparkling Wine Market, by Packaging Type – Revenue and Forecast to 2028 (USD Million)
Table 7. Canada Sparkling Wine Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 8. Mexico Sparkling Wine Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 9. Mexico Sparkling Wine Market, by Packaging Type – Revenue and Forecast to 2028 (USD Million)
Table 10. Mexico Sparkling Wine Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Sparkling Wine Market Segmentation
Figure 2. North America Sparkling Wine Market Segmentation – By Country
Figure 3. North America Sparkling Wine Market Overview
Figure 4. White Segment Held Largest Share of North America Sparkling Wine Market
Figure 5. U.S. Held Largest Share of North America Sparkling Wine Market
Figure 6. Porter’s Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. North America Sparkling Wine Market Impact Analysis of Driver and Restraint
Figure 9. North America: Sparkling Wine Market – Revenue Forecast to 2028 (US$ Million)
Figure 10. North America Sparkling Wine Market Revenue Share, By Type (2020 and 2028)
Figure 11. North America White: Sparkling Wine Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 12. North America Red : Sparkling Wine Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 13. North America Rose: Sparkling Wine Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 14. North America Sparkling Wine Market Revenue Share, By Packaging Type (2020 and 2028)
Figure 15. North America Bottles: Sparkling Wine Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 16. North America Cans: Sparkling Wine Market, Revenue And Forecast To 2028 (US$ Mn)
Figure 17. North America Sparkling Wine Market Revenue Share, By Distribution Channel (2020 and 2028)
Figure 18. North America Supermarkets and Hypermarkets: Sparkling Wine Market – Revenue and Forecast To 2028 (USD Million)
Figure 19. Specialty Stores: Sparkling Wine Market – Revenue and Forecast To 2028 (USD Million)
Figure 20. Online Retail: Sparkling Wine Market – Revenue and Forecast To 2028 (USD Million)
Figure 21. Others: Sparkling Wine Market – Revenue and Forecast To 2028 (USD Million)
Figure 22. North America: Sparkling Wine Market, by Key Country- Revenue 2020 (US$ Million)
Figure 23. North America: Sparkling Wine Market, by Key Country (2020 and 2028)
Figure 24. US: Sparkling Wine Market –Revenue and Forecast to 2028 (US$ Million)
Figure 25. Canada: Sparkling Wine Market –Revenue and Forecast to 2028 (US$ Million)
Figure 26. Mexico: Sparkling Wine Market –Revenue and Forecast to 2028 (US$ Million)
Figure 27. Impact of COVID-19 Pandemic in North American Country Markets
- Bacardi and Company Limited
- Bronco Wine Co.
- Chandon
- Constellation Brands, Inc.
- Henkell Freixenet
- Pernod Ricard Winemakers
- Schramsberg Wineyards
- Treasury Wine Estates Ltd
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