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Asia Pacific Sparkling Wine Market

2021

Asia Pacific 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)

Publication Month: Oct 2021 | Report Code: TIPRE00025090 | No. of Pages: 109 | Category: Food and Beverages | Status: Published

Market Insights

Asia-Pacific Sparkling Wine Market to Grow at a CAGR of 5.4% to reach US$ 8,638.35 million Million from 2021 to 2028

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The sparkling wine market in APAC is expected to grow from US$ 5,970.39 million in 2021 to US$ 8,638.35 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028.


Australia, China, India, Japan, South Korea are major economies in APAC. 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 developing economies such as India. For instance, wine consumption in China has risen steadily in the 21st century due to high popularity and availability of sparkling wine varieties, especial through online retail channels. The country is also 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 in China. In India, people have started adopting the western 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, developing countries are providing enormous opportunities for the sparkling wines market players across APAC.

The outbreak of COVID-19 is wreaking havoc on the economic growth of Asia-Pacific. The severity of the consequences and impact is entirely dependent on the transmission of the novel coronavirus. Various governments in Asia Pacific have taken actions to limit the spread by imposing lockdowns, which is slowing down the operations of various industries in the region. This factor is anticipated to severely affect the growth of the regional market. However, with increasing recovery rates, governments are easing the restrictions imposed on various industrial operations, which is expected to create a positive impact for the growth of sparkling wines market across the region.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the sparkling wine market. The APAC sparkling wine market is expected to grow at a good CAGR during the forecast period.

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APAC Sparkling Wine Market Segmentation

APAC Sparkling Wine Market – By Type

  • White
  • Red
  • Rose

APAC Sparkling Wine Market – By Packaging Type

  • Bottles
  • Cans

APAC Sparkling Wine Market – By Distribution Channel

  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Online Retail
  • Others

APAC Sparkling Wine Market- By Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific

APAC Sparkling Wine Market-Companies Mentioned

  • Bacardi and Company Limited
  • Casella
  • Chandon
  • Constellation Brands, Inc.
  • Henkell Freixenet
  • Pernod Ricard Winemakers
  • 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. APAC Sparkling Wine Market Landscape

4.1 Market Overview

4.2 Porter’s Five Forces Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. APAC Sparkling Wine Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Increase in Popularity of Sparkling Wine

5.1.2 Escalation in Number Of Wineries

5.2 Restraints:

5.2.1 Stringent Government Policies and Regulations

5.3 Opportunities:

5.3.1 Acceptance of Alcoholic Beverages in Developing Countries

5.4 Future Trends:

5.4.1 Developments in Sparkling Wine Production

5.5 Impact Analysis of Drivers and Restraint

6. Sparkling Wine – APAC Market Analysis

6.1 APAC Sparkling Wine Market Overview

6.2 Sparkling Wine Market – Revenue Forecasts to 2028 (US$ Million)

7. APAC 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. APAC 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. APAC 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. APAC Sparkling Wine Market – Country Analysis

10.1 Overview

10.1.1 Asia Pacific: Sparkling Wine Market, by Key Country

10.1.1.1 Australia: Sparkling Wine Market –Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1 Australia: Sparkling Wine Market, by Type

10.1.1.1.2 Australia: Sparkling Wine Market, by Packaging Type

10.1.1.1.3 Australia: Sparkling Wine Market, by Distribution Channel

10.1.1.2 China: Sparkling Wine Market –Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1 China: Sparkling Wine Market, by Type

10.1.1.2.2 China: Sparkling Wine Market, by Packaging Type

10.1.1.2.3 China: Sparkling Wine Market, by Distribution Channel

10.1.1.3 India: Sparkling Wine Market –Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1 India: Sparkling Wine Market, by Type

10.1.1.3.2 India: Sparkling Wine Market, by Packaging Type

10.1.1.3.3 India: Sparkling Wine Market, by Distribution Channel

10.1.1.4 Japan: Sparkling Wine Market –Revenue and Forecast to 2028 (US$ Million)

10.1.1.4.1 Japan: Sparkling Wine Market, by Type

10.1.1.4.2 Japan: Sparkling Wine Market, by Packaging Type

10.1.1.4.3 Japan: Sparkling Wine Market, by Distribution Channel

10.1.1.5 South Korea: Sparkling Wine Market –Revenue and Forecast to 2028 (US$ Million)

10.1.1.5.1 South Korea: Sparkling Wine Market, by Type

10.1.1.5.2 South Korea: Sparkling Wine Market, by Packaging Type

10.1.1.5.3 South Korea: Sparkling Wine Market, by Distribution Channel

10.1.1.6 Rest of Asia Pacific: Sparkling Wine Market –Revenue and Forecast to 2028 (US$ Million)

10.1.1.6.1 Rest of Asia Pacific: Sparkling Wine Market, by Type

10.1.1.6.2 Rest of Asia Pacific: Sparkling Wine Market, by Packaging Type

10.1.1.6.3 Rest of Asia Pacific: Sparkling Wine Market, by Distribution Channel

11. Impact of COVID-19 Pandemic on APAC 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 Casella

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 Pernod Ricard Winemakers

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 Treasury Wine Estates Ltd

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 Chandon

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

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES

Table 1. APAC Sparkling Wine Market –Revenue Forecast to 2028 (US$ Million)

Table 2. Australia Sparkling Wine Market, by Type– Revenue and Forecast to 2028 (USD Million)

Table 3. Australia Sparkling Wine Market, by Packaging Type– Revenue and Forecast to 2028 (USD Million)

Table 4. Australia Sparkling Wine Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 5. China Sparkling Wine Market, by Type– Revenue and Forecast to 2028 (USD Million)

Table 6. China Sparkling Wine Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 7. India Sparkling Wine Market, by Type– Revenue and Forecast to 2028 (USD Million)

Table 8. India Sparkling Wine Market, by Packaging Type– Revenue and Forecast to 2028 (USD Million)

Table 9. India Sparkling Wine Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 10. Japan Sparkling Wine Market, by Type– Revenue and Forecast to 2028 (USD Million)

Table 11. Japan Sparkling Wine Market, by Packaging Type– Revenue and Forecast to 2028 (USD Million)

Table 12. Japan Sparkling Wine Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 13. South Korea Sparkling Wine Market, by Type– Revenue and Forecast to 2028 (USD Million)

Table 14. South Korea Sparkling Wine Market, by Packaging Type– Revenue and Forecast to 2028 (USD Million)

Table 15. South Korea Sparkling Wine Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 16. Rest of Asia Pacific Sparkling Wine Market, by Type– Revenue and Forecast to 2028 (USD Million)

Table 17. Rest of Asia Pacific Sparkling Wine Market, by Packaging Type– Revenue and Forecast to 2028 (USD Million)

Table 18. Rest of Asia Pacific Sparkling Wine Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 19. List of Abbreviation

LIST OF FIGURES

Figure 1. APAC Sparkling Wine Market Segmentation

Figure 2. APAC Sparkling Wine Market Segmentation – By Country

Figure 3. APAC Sparkling Wine Market Overview

Figure 4. White Segment Held Largest Share of APAC Sparkling Wine Market

Figure 5. Rest of APAC Held Largest Share of APAC Sparkling Wine Market

Figure 6. Porter’s Five Forces Analysis

Figure 7. Expert Opinion

Figure 8. APAC Sparkling Wine Market Impact Analysis of Driver and Restraint

Figure 9. APAC: Sparkling Wine Market – Revenue Forecast to 2028 (US$ Million)

Figure 10. APAC Sparkling Wine Market Revenue Share, By Type (2020 and 2028)

Figure 11. APAC White: Sparkling Wine Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 12. APAC Red : Sparkling Wine Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 13. Rose: Sparkling Wine Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 14. APAC Sparkling Wine Market Revenue Share, By Packaging Type (2020 and 2028)

Figure 15. APAC Bottles: Sparkling Wine Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 16. APAC Cans: Sparkling Wine Market, Revenue And Forecast To 2028 (US$ Mn)

Figure 17. APAC Sparkling Wine Market Revenue Share, By Distribution Channel (2020 and 2028)

Figure 18. APAC Supermarkets and Hypermarkets: Sparkling Wine Market – Revenue and Forecast To 2028 (USD Million)

Figure 19. APAC Specialty Stores: Sparkling Wine Market – Revenue and Forecast To 2028 (USD Million)

Figure 20. APAC Online Retail: Sparkling Wine Market – Revenue and Forecast To 2028 (USD Million)

Figure 21. APAC Others: Sparkling Wine Market – Revenue and Forecast To 2028 (USD Million)

Figure 22. Asia Pacific: Sparkling Wine Market, by Key Country-Revenue 2020 (US$ Million)

Figure 23. Asia Pacific: Sparkling Wine Market Revenue Share, by Key Country (2020 & 2028)

Figure 24. Australia: Sparkling Wine Market –Revenue and Forecast to 2028 (US$ Million)

Figure 25. China: Sparkling Wine Market –Revenue and Forecast to 2028 (US$ Million)

Figure 26. India: Sparkling Wine Market –Revenue and Forecast to 2028 (US$ Million)

Figure 27. Japan: Sparkling Wine Market –Revenue and Forecast to 2028 (US$ Million)

Figure 28. South Korea: Sparkling Wine Market –Revenue and Forecast to 2028 (US$ Million)

Figure 29. Rest of Asia Pacific: Sparkling Wine Market –Revenue and Forecast to 2028 (US$ Million)

Figure 30. Impact of COVID-19 Pandemic in Asia Pacific Country Markets

  1. Bacardi and Company Limited
  2. Casella
  3. Chandon
  4. Constellation Brands, Inc.
  5. Henkell Freixenet
  6. Pernod Ricard Winemakers
  7. Treasury Wine Estates Ltd
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC Sparkling Wine market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the APAC Sparkling Wine market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the Sparkling Wine market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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