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
North America Sparkling Wine Report Scope
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 8,855.66 Million |
Market Size by 2028 | US$ 11,902.84 Million |
Global CAGR (2021 - 2028) | 4.3% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
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