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North America Sparkling Wine Market

2021

North America 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: TIPRE00025092 | No. of Pages: 99 | Category: Food and Beverages | Status: Published

Market Insights

North America Sparkling Wine Market to Grow at a CAGR of 4.3% to reach US$ 11,902.84 million Million from 2021 to 2028

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The sparkling wine market in North America is expected to grow from US$ 8,855.66 million in 2021 to US$ 11,902.84 million by 2028; it is estimated to grow at a CAGR of 4.3% from 2021 to 2028.


The US, Canada, and Mexico are economies in North America. Rapid socioeconomic changes and fast-paced urbanization are bolstering the demand for sparkling wine. With continuous rise in living standards and buying power, customers desire to purchase high-quality, luxurious items. Moreover, their food habits and meal preferences changes with these changes in lifestyle. Thus, the demand for sparkling wine in parties, marriages, and social gatherings is on rise. With the growing preference for drinks with low or no alcohol content, the popularity of this wine is increasing among millennials, teenagers, and working populations, and in bachelors and people living in hostels. Furthermore, increasing social media and the Internet has significant impact on all generations, as well as an increase in social parties, are increasing consumption of sparkling wine.

The US recorded the highest number of COVID-19 confirmed cases than Mexico and Canada. The crisis adversely affected the food & beverage industry in the region due to restricted supply chain. In addition, lockdown, social distancing, shutdown of various supermarkets and hypermarkets, coupled with the overall disruptions in manufacturing process, supply chain disintegration, shortage of raw materials, and other factors have impacted the operations of various industries across the region leading to a significant drop in demand for sparkling wines. However, remarkable success of vaccination drives across the region is projected to have a positive impact on business activities and the economy, which is projected to favor the growth of sparkling wines market in North America over the forecast period.

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 North America sparkling wine market is expected to grow at a good CAGR during the forecast period.

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North America Sparkling Wine Market Segmentation

North America Sparkling Wine Market – By Type

  • White
  • Red
  • Rose

North America Sparkling Wine Market – By Packaging Type

  • Bottles
  • Cans

North America Sparkling Wine Market – By Distribution Channel

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

North America Sparkling Wine Market- By Country

  • US
  • Canada
  • Mexico

North America Sparkling Wine Market-Companies Mentioned

  • Bacardi and Company Limited
  • Bronco Wine Co.
  • Chandon
  • Constellation Brands, Inc.
  • Henkell Freixenet
  • Pernod Ricard Winemakers
  • Schramsberg Wineyards
  • 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. North America Sparkling Wine Market Landscape

4.1 Market Overview

4.2 Porter’s Five Forces Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. Sparkling Wine Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Rise in Popularity of Sparkling Wine

5.1.2 Surge in Number Of Wineries

5.2 Restraints:

5.2.1 Strict Government Policies and Regulations

5.3 Opportunities:

5.3.1 Acceptance of Alcoholic Beverages in Developing Countries

5.4 Future Trends:

5.4.1 Innovations in Sparkling Wine Production

5.5 Impact Analysis of Drivers and Restraint

6. Sparkling Wine – North America Market Analysis

6.1 Sparkling Wine Market Overview

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

7. North America 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. North America 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. North America 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. North America Sparkling Wine Market – Country Analysis

10.1 Overview

10.1.1 North America: Sparkling Wine Market, by Key Country

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

10.1.1.1.1 US: Sparkling Wine Market, by Type

10.1.1.1.2 US: Sparkling Wine Market, by Packaging Type

10.1.1.1.3 US: Sparkling Wine Market, by Distribution Channel

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

10.1.1.2.1 Canada: Sparkling Wine Market, by Type

10.1.1.2.2 Canada: Sparkling Wine Market, by Packaging Type

10.1.1.2.3 Canada: Sparkling Wine Market, by Distribution Channel

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

10.1.1.3.1 Mexico: Sparkling Wine Market, by Type

10.1.1.3.2 Mexico: Sparkling Wine Market, by Packaging Type

10.1.1.3.3 Mexico: Sparkling Wine Market, by Distribution Channel

11. Impact of COVID-19 Pandemic on North America 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 Bronco Wine Co.

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 Schramsberg Wineyards

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 Pernod Ricard Winemakers

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 Treasury Wine Estates Ltd

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

12.8 Chandon

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES

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

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

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

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

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

Table 6. Canada Sparkling Wine Market, by Packaging Type – Revenue and Forecast to 2028 (USD Million)

Table 7. Canada Sparkling Wine Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

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

Table 9. Mexico Sparkling Wine Market, by Packaging Type – Revenue and Forecast to 2028 (USD Million)

Table 10. Mexico Sparkling Wine Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)

Table 11. List of Abbreviation

LIST OF FIGURES

Figure 1. North America Sparkling Wine Market Segmentation

Figure 2. North America Sparkling Wine Market Segmentation – By Country

Figure 3. North America Sparkling Wine Market Overview

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

Figure 5. U.S. Held Largest Share of North America Sparkling Wine Market

Figure 6. Porter’s Five Forces Analysis

Figure 7. Expert Opinion

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 23. North America: Sparkling Wine Market, by Key Country (2020 and 2028)

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

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

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

Figure 27. Impact of COVID-19 Pandemic in North American Country Markets

  1. Bacardi and Company Limited
  2. Bronco Wine Co.
  3. Chandon
  4. Constellation Brands, Inc.
  5. Henkell Freixenet
  6. Pernod Ricard Winemakers
  7. Schramsberg Wineyards
  8. Treasury Wine Estates Ltd
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America 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 North America 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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