Europe Sparkling Wine Market Share and Forecast by 2028

The sparkling wine market in Europe is expected to grow from US$ 22,565.90 million in 2021 to US$ 29,899.39 million by 2028; it is estimated to grow at a CAGR of 4.1% from 2021 to 2028.

The UK, Germany, France, Italy, and Russia are major economies in Europe. Italy, France, and Spain are the leaders in wine production across the region, while several other countries such as Germany is unexpectedly emerging in this market space, with elevated wine production capacities and fine wine quality. Sparkling wine is highly consumed in Italy. According to wine ratings in the country, the number of wineries grows by slightly more than 4% every year. Furthermore, wine output in the country is increasing at a decent rate. Therefore, an increasing number of wineries is a major factor driving the growth of the Europe sparkling wine market

Europe Sparkling Wine Market Segmentation

Europe Sparkling Wine Market – By Type

• White
• Red
• Rose

Europe Sparkling Wine Market – By Packaging Type

• Bottles
• Cans

Europe Sparkling Wine Market – By Distribution Channel

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

Europe Sparkling Wine Market- By Country

• Germany
• France
• Italy
• U.K.
• Russia
• Rest of Europe

Europe Sparkling Wine Market-Companies Mentioned

• Bacardi and Company Limited
• Chandon
• Constellation Brands, Inc.
• Henkell Freixenet
• Pernod Ricard Winemakers
• The Sparkling Wine Co.
• Treasury Wine Estates Ltd

In Europe, France and Italy recorded the highest number of COVID-19 cases as of June 2021. Moreover, Russia, the UK, and Germany are amongst the worst hit countries and are expected to suffer an economic hit due to the lack of revenue from various industries. European countries have implemented drastic measures and travel restrictions, including partially closing their borders. Extended lockdowns created trade barriers and restricted the operations of various industries in the region. These factors potentially restricted the growth of sparkling wines market. However, with the residents of European countries being vaccinated and life returning to normal, this impact is expected to ease out in the coming years leading to a growth in demand for sparkling wines and other beverages 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 Europe sparkling wine market is expected to grow at a good CAGR during the forecast period.

Europe Sparkling Wine Report Scope