Sparkling wine is virtually the same as wine, but it has a lot more bubbles. The wine is made effervescent by these bubbles and sparkles due to the high concentration of carbon dioxide in it. Sparkling wine comes in red, white, or rose varieties. Red sparkling wines include the Australian sparkling Shiraz and the Italian Brachetto, Bonarda, and Lambrusco. Wine formed from fermented grape juice is called sparkling wine. Though chardonnay and pinot noir are the most widely utilised grapes for sparkling wine, any grape can be used to make the wine.
United States Sparkling Wine Market Driving Factors and Challenges
Driving Factors-
Technological advances in production- Technological developments in production have a significant impact on the sparkling wine market analysis, as they improve wine quality, consistency, and variety. Modern winemaking techniques, precision viticulture, and new fermentation procedures enable producers to create high-quality wines that cater to evolving consumer tastes and preferences. These technical advancements not only help to polish traditional wines, but they also encourage the production of new styles, broadening the market's offerings. The use of technology into production processes assures efficiency, sustainability, and scalability, all of which contribute significantly to the expansion of the sparkling wine market and its competitive advantage in the beverage industry.
Challenges- Still wine is significantly cheaper than sparkling wine since it requires more stages and time to produce. The main distinction between sparkling wine and still wine is that sparkling wine undergoes a secondary fermentation cycle to produce bubbles. The additional secondary fermentation necessitates the use of additional resources, which raises the cost of producing sparkling wine. Sparkling wine often need more time to age than still wine to achieve the proper taste and texture. The introduction of new regulations or modifications to existing ones may impede the wineries' ability to expand their market share due to changes in consumer preferences. The direct distribution of wine in the US is restricted by the country's strict regulations.
Impact of COVID-19 on United States Sparkling Wine Market
More COVID-19 confirmed cases were reported in the US than in Mexico or Canada. Due to supply chain restrictions, the crisis had a negative impact on the food and beverage business in the area. The operations of various industries throughout the region have been impacted by lockdown, social distancing, the closure of several supermarkets and hypermarkets, in addition to general disruptions in the manufacturing process, supply chain disintegration, shortage of raw materials, and other factors, which have resulted in a significant decline in the demand for sparkling wines. Over the course of the projection period, the US sparkling wine market is expected to develop thanks to the spectacular success of vaccination drives throughout the region, which is also expected to have a favourable impact on business and the economy.
United States Sparkling Wine Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as Accolade Wines, Bacardi Limited, Bronco Wine Company, Casella Family Brands, Caviro Extra S.p.A, Constellation Brands Inc.
United States Sparkling Wine Market Segmentation:
By Type: Based on the Type, United States Sparkling Wine Market is segmented as; Red, Rose, White.
By Product: Based on the Product, United States Sparkling Wine Market is segmented as; Cava, Champagne, Cremant, Prosecco, and Others.
By Price Point: Based on the Price Point, United States Sparkling Wine Market is segmented as; Economy, Mid-range, Luxury.
By Sales Channel: Based on the Sales Channel, United States Sparkling Wine Market is segmented as; Supermarket and Hypermarket, Specialty Stores, On Trade, and Others.
By Region: This research also includes data for Northeast, South, Midwest, West.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.