US Sparkling Wine Market Trends, Share, Size, Demand, Revenue, Challenges and Future Outlook
United States Sparkling Wine Market Growth, Size, Trends Analysis- By Type, By Product, By Price Point, By Sales Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Oct-2024 | Report ID: FOOD24107 | Pages: 1 - 105 | Formats*: |
| Category : Food & Beverages | |||
United States Sparkling Wine Market Introduction and Overview
According to SPER Market Research, the United States Sparkling Wine Market is estimated to reach USD XX billion by 2033 with a CAGR of XX%.
The report includes an in-depth analysis of the United States Sparkling Wine Market, including market size and trends, product mix, applications, and supplier analysis. Sparkling wine is essentially wine with a lot of bubbles in it. The wine has a lot of carbon dioxide in it, which gives it a sparkling appearance and makes it bubbly. Sparkling wines come in red, white, or rose varieties. Red sparkling wines include, for example, the Australian sparkling Shiraz and the Italian Brachetto, Bonarda, and Lambrusco. Grape juice that has undergone fermentation is used to make sparkling wine. Though chardonnay and pinot noir are the most widely utilised grapes for sparkling wine, any grape can be used to make the beverage.
- In August 2023, BACARDI will release the third installment of its special cask finish series, the BACARDI Reserva Ocho Sevillian Orange Cask Finish, to conclude National Rum Month. This limited-edition announcement honours the intersection of tradition and innovation in the world of top-quality rum.
- Mionetto, a well-known Italian prosecco brand, will enter the non-alcoholic market in December 2023 with a new offering: a zero-proof sparkling wine that replicates the taste of its famed Prestige Prosecco Brut.
Market Opportunities and Challenges
Opportunities- Shifting lifestyle trends and consumer preferences
The market for sparkling wine is growing rapidly due to changing consumer tastes and lifestyle trends that place an emphasis on premiumization and socialising through wine experiences. Wine is becoming more and more popular among consumers, especially millennials and Gen Z, because of its elegance, diversity, and connection to celebration and luxury. Due to this shift in demographics, the market is moving towards creative flavours, a wide range of designs, and distinctive packaging in order to appeal to a wider range of consumers who value authenticity and quality. The market is being driven by producers who are innovating to fulfil these shifting expectations, as the trend is not only about consumption but also about an elevated drinking experience that reflects personal taste and prestige.
Challenges- There are several adverse effects of sparkling wine that will limit its market expansion. For instance, a typical glass of sparkling wine can have about 100 calories in it. Sparkling wine's alcohol content may have an impact on your metabolism. Because it interferes with the most crucial stage of your sleep, it also results in insomnia. However, alcohol consumption can also raise one's risk of developing cancer, particularly breast and lung cancer. This element could impede market expansion. Furthermore, climate change poses a threat to sparkling wine. One of the primary issues facing Champagne in sustaining quality derives from the increase in average growing season temperatures is the principal concern for the Champagne sector.
Market Competitive Landscape
Leading operating companies in the sparkling wine market are primarily focused on growing the industry's growth in United States through new product innovation and business expansion. Additionally, the market's demand is rising due to the growing presence of a variety of manufacturers operating in the sparkling wine sector. Some of the market's significant companies are Accolade Wines, Bacardi Limited, Bronco Wine Company, Casella Family Brands, Caviro Extra S.p.A, Constellation Brands Inc.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Product, By Price Point, By Sales Channel. |
| Regions covered | Northeast, South, Midwest, West. |
| Companies Covered | Accolade Wines, Bacardi Limited, Bronco Wine Company, Casella Family Brands, Caviro Extra S.p.A, Constellation Brands Inc, Freixenet Sa (Henkell & Co. Sektkellerei), Giulio Cocchi Spumanti Srl, Illinois Sparkling Co., Quady Winery. |
COVID-19 Impact on United States Sparkling Wine Market
The United States had more confirmed COVID-19 cases than Mexico and Canada combined. The crisis had a negative impact on the region's food and beverage business due to a constrained supply chain. Furthermore, lockdown, social distancing, and the closure of various supermarkets and hypermarkets, combined with overall disruptions in the manufacturing process, supply chain disintegration, raw material shortages, and other factors, have impacted the operations of various industries throughout the region, resulting in a significant drop in demand for sparkling wines. However, the amazing success of vaccination programs across the region is expected to have a beneficial impact on commercial operations and the economy, hence favouring the growth of the sparkling wine market in the United States over the forecast period.
Key Target Audience:
- Millennials and Gen Z
- Affluent Consumers
- Health-Conscious Consumers
- Wine Enthusiasts & Connoisseurs
- Event Planners
Our in-depth analysis of the United States Sparkling Wine Market includes the following segments:
| By Type: | |
| By Product: | |
| By Price Point: | |
| By Sales Channel: |
Key Topics Covered in the Report:
- United States Sparkling Wine Market Size (FY’2024-FY’2033)
- Overview of United States Sparkling Wine Market
- Segmentation of United States Sparkling Wine Market by Type (Red, Rose, White)
- Segmentation of United States Sparkling Wine Market by Product (Cava, Champagne, Cremant, Prosecco, and Others)
- Segmentation of United States Sparkling Wine Market by Price Point (Economy, Mid-range, Luxury)
- Segmentation of United States Sparkling Wine Market by Sales Channel (Supermarket and Hypermarket, Specialty Stores, On Trade, and Others)
- Statistical Snap of United States Sparkling Wine Market
- Expansion Analysis of United States Sparkling Wine Market
- Problems and Obstacles in United States Sparkling Wine Market
- Competitive Landscape in the United States Sparkling Wine Market
- Impact of COVID-19 and Demonetization on United States Sparkling Wine Market
- Details on Current Investment in United States Sparkling Wine Market
- Competitive Analysis of United States Sparkling Wine Market
- Prominent Players in the United States Sparkling Wine Market
- SWOT Analysis of United States Sparkling Wine Market
- United States Sparkling Wine Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPERs internal database2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the United States Sparkling Wine Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. United States Sparkling Wine Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in United States Sparkling Wine Market
7. United States Sparkling Wine Market, By Type (USD Million) 2020-2033
7.1. United States Sparkling Wine Market Size, Share and Forecast, By Type, 2020-20267.2. United States Sparkling Wine Market Size, Share and Forecast, By Type, 2027-20337.3. Red7.4. Rose7.5. White
8. United States Sparkling Wine Market, By Product (USD Million) 2020-2033
8.1. United States Sparkling Wine Market Size, Share and Forecast, By Product, 2020-20268.2. United States Sparkling Wine Market Size, Share and Forecast, By Product, 2027-20338.3. Cava8.4. Champagne8.5. Cremant8.6. Prosecco8.7. Others
9. United States Sparkling Wine Market, By Price Point (USD Million) 2020-2033
9.1. United States Sparkling Wine Market Size, Share and Forecast, By Price Point, 2020-20269.2. United States Sparkling Wine Market Size, Share and Forecast, By Price Point, 2027-20339.3. Economy9.4. Mid-range9.5. Luxury
10. United States Sparkling Wine Market, By Sales Channel (USD Million) 2020-2033
10.1. United States Sparkling Wine Market Size, Share and Forecast, By Sales Channel, 2020-202610.2. United States Sparkling Wine Market Size, Share and Forecast, By Sales Channel, 2027-203310.3. Supermarket and Hypermarket10.4. Specialty Stores10.5. On Trade10.6. Others
11. United States Sparkling Wine Market Forecast, 2020-2033 (USD Million)
11.1. United States Sparkling Wine Market Size and Market Share
12. United States Sparkling Wine Market, By Region, 2020-2033 (USD Million)
12.1. United States Sparkling Wine Market Size and Market Share By Region (2020-2026)12.2. United States Sparkling Wine Market Size and Market Share By Region (2027-2033)12.3. Northeast12.4. South12.5. Midwest12.6. West
13. Company Profile
13.1. Accolade Wines
13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments
13.2. Bacardi Limited
13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments
13.3. Bronco Wine Company
13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments
13.4. Casella Family Brands
13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments
13.5. Caviro Extra S.p.A
13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments
13.6. Constellation Brands Inc
13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments
13.7. Freixenet Sa (Henkell & Co. Sektkellerei)
13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments
13.8. Giulio Cocchi Spumanti Srl
13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments
13.9. Illinois Sparkling Co
13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments
13.10. Quady Winery
13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments
13.11. Others
14. Conclusion
15. List of Abbreviations
16. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
United States Sparkling Wine Market is projected to reach USD XX billion by 2033, growing at a CAGR of XX% during the forecast period.
United States Sparkling Wine Market grew in Market size from 2024. The Market is expected to reach USD XX billion by 2033, at a CAGR of XX% during the forecast period.
United States Sparkling Wine Market CAGR of XX% during the forecast period.
You can get the sample pages by clicking the link - Click Here
United States Sparkling Wine Market size is USD XX billion from 2024 to 2033.
United States Sparkling Wine Market is covered By Type, By Product, By Price Point, By Sales Channel.
The North America is anticipated to have the highest Market share in the United States Sparkling Wine Market.
The key players in the Market include Companies Covered Accolade Wines, Bacardi Limited, Bronco Wine Company, Casella Family Brands, Caviro Extra S.p.A, Constellation Brands Inc, Freixenet Sa (Henkell & Co. Sektkellerei), Giulio Cocchi Spumanti Srl, Illinois Sparkling Co., Quady Winery.
Sparkling wine is essentially wine with a lot of bubbles in it. The wine has a lot of carbon dioxide in it, which gives it a sparkling appearance and makes it bubbly. Sparkling wines come in red, white, or rose varieties.
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