Fact.MR has recently published a fresh research assessment titled Sparkling Wine Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022 which present a comprehensive outlook related to the ongoing trends and opportunities set to influence the global Sparkling Wine market. This report functions to enlighten readers about the expected growth prospects and dynamics which would reforming the target market between 2017 and 2022. According to research findings, the global Sparkling Wine market is estimated to record growth at 2.5% CAGR during the forecast period until 2022.
This intelligent assessment provides exclusive information associated to potential sales upgradation and demand for Sparkling Wine across prime economies. In addition, readers can access precise data related to section-wise market investigation in terms of Sales Channel, Body Type, Sweetness Level and Region.
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The brut segment accounts for a third of the revenue share in the sparkling wine market by sweetness level. Europe alone is worth more than US$ 5 billion by the end of the forecast period, making it imperative for companies in the sparkling wine market to target this dynamic continent. The second largest segment is the extra-brut sparkling wine segment that has just over a fifth of the revenue share. The highest CAGR in the extra-brut segment is expected in Latin America and key stakeholders in the sparkling wine market would do well to take this into consideration.
The smallest opportunity is in the demi-sec segment of the sparkling wine market as it has a revenue share of just under 18% in the year 2017. Even though Latin America is much smaller in absolute size than either Europe or North America, it is expected to post the highest CAGR of 3.7% for the period from 2017 to 2022.
With respect to sales channels, e-commerce is highly likely to be the future in the sparkling wine market as improving Internet infrastructure in emerging economies should ensure that people readily adopt e-commerce like never before. While the Europe e-commerce segment is larger than Latin America and APEJ combined, companies may wish to focus on the latter two as both are projected to grow at a CAGR in excess of 3%
Convenience stores are a comparative niche in the sparkling wine market in terms of sales channels. Nonetheless, a market opportunity greater than US$ 4 billion in 2022 makes it unwise to ignore this sales channel entirely and companies might want to attack this channel with customized distribution strategies.
The modern trade segment is the most important sales channel in the sparkling wine market and companies are recommended to take note of this while devising their long-term business objectives. A well-developed trade infrastructure enables Europe to cement its dominance in the modern trade segment of the sparkling wine market. In the case of the grocery store segment, North America is forecast to be worth approx. US$ 1.5 billion by end 2022.
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As the report concludes, readers can receive precise data highlighting the competitive landscape active across the global Sparkling Wine market. This portion clearly details about the contributions provided by leading manufacturers towards the development of the Sparkling Wine market. Furthermore, insights related to competitive trends are clearly discoursed for benefitting stakeholders and new investors. Some of the chief players mentioned in the report are (Caviro, Viña Concha y Toro SA, Casella Family Brands, Wine Group LLC).
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