Middle East and Africa Sparkling Wine Market Dynamics and Trends by 2028
Middle East and Africa 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)
- Status : Published
- Report Code : TIPRE00025093
- Category : Food and Beverages
- No. of Pages : 91
- Available Report Formats :
- Last update date : October 05, 2021
2021 Market Size
US$ 1,577.95 Mn
Base year value
2028 Forecast
US$ 1,729.90 Mn
Projected by 2028
CAGR 2022-2028
1.3 %
Growth rate
Addressable Market
US$ 11,635.20 Mn
(2022-2028)
The sparkling wine market in MEA is expected to grow from US$ 1,577.95 million in 2021 to US$ 1,729.90 million by 2028; it is estimated to grow at a CAGR of 1.3% from 2021 to 2028.
South Africa and UAE are economies in MEA. "SparkleKlear" is a unique patent-pending cork design that performs a variety of functions in the production of sparkling wine, in the vineyard and home. It automates and simplifies the process of disgorging of sparkling wine, which is a complex and messy process that requires a high level of skills. For home brewers, thus unique cork design enables quickly transition to brewing sparkling wine from still wine preparations. SparkleKlear also provides an opportunity to significantly reduce the commercial carbon footprint by allowing wine producers to use smaller, lighter bottles. Further, reusability is a major benefit that enables home brewers to take samples during and after fermentation, and pressure testing and monitoring. Thus, innovations in different technologies and techniques involved in sparkling wine production are giving rise to several future trends that would boost the sparkling wine market growth in the coming years.
In the Middle East and Africa, South Africa had the most COVID-19 cases, followed by Saudi Arabia and the United Arab Emirates. Various companies have remained closed as a result of lockdowns, resulting in a decrease in the production and distribution activities. Shutdown of various markets such as supermarkets and hypermarkets, convenience stores, social distancing, is negatively affecting the market growth across the region. However, implementation of effective government policies in countries like the UAE have significantly revived the industrial activities across the region, which is projected to favor the growth of sparkling wines market in the Middle East and Africa.
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 MEA sparkling wine market is expected to grow at a good CAGR during the forecast period.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
MEA Sparkling Wine Market Segmentation
MEA Sparkling Wine Market – By Type
- White
- Red
- Rose
MEA Sparkling Wine Market – By Packaging Type
- Bottles
- Cans
MEA Sparkling Wine Market – By Distribution Channel
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Retail
- Others
MEA Sparkling Wine Market- By Country
- South Africa
- UAE
- Rest of Middle East & Africa
MEA Sparkling Wine Market-Companies Mentioned
- Bacardi and Company Limited
- Chandon
- Constellation Brands, Inc.
- Henkell Freixenet
- Treasury Wine Estates Ltd
Middle East and Africa Sparkling Wine Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,577.95 Million |
| Market Size by 2028 | US$ 1,729.90 Million |
| CAGR (2021 - 2028) | 1.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
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