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
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Europe Sparkling Wine Market Segmentation
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- Request discounts available for Start-Ups & Universities
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.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
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. Europe Sparkling Wine Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Sparkling Wine Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Popularity of Sparkling Wine
5.1.2 Growth in Number Of Wineries
5.2 Restraints:
5.2.1 Stringent Government Policies and Regulations
5.3 Opportunities:
5.3.1 Rise 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 – Europe Market Analysis
6.1 Sparkling Wine Market Overview
6.2 Sparkling Wine Market – Revenue Forecasts to 2028 (US$ Million)
7. Europe 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. Europe 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. Europe 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. Europe Sparkling Wine Market – Country Analysis
10.1 Overview
10.1.1 Europe: Sparkling Wine Market, by Key Country
10.1.1.1 Germany: Sparkling Wine Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Germany: Sparkling Wine Market, by Type
10.1.1.1.2 Germany: Sparkling Wine Market, by Packaging Type
10.1.1.1.3 Germany: Sparkling Wine Market, by Distribution Channel
10.1.1.2 France: Sparkling Wine Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 France: Sparkling Wine Market, by Type
10.1.1.2.2 France: Sparkling Wine Market, by Packaging Type
10.1.1.2.3 France: Sparkling Wine Market, by Distribution Channel
10.1.1.3 Italy: Sparkling Wine Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Italy: Sparkling Wine Market, by Type
10.1.1.3.2 Italy: Sparkling Wine Market, by Packaging Type
10.1.1.3.3 Italy: Sparkling Wine Market, by Distribution Channel
10.1.1.4 United Kingdom: Sparkling Wine Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 United Kingdom: Sparkling Wine Market, by Type
10.1.1.4.2 United Kingdom: Sparkling Wine Market, by Packaging Type
10.1.1.4.3 United Kingdom: Sparkling Wine Market, by Distribution Channel
10.1.1.5 Russia: Sparkling Wine Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 Russia: Sparkling Wine Market, by Type
10.1.1.5.2 Russia: Sparkling Wine Market, by Packaging Type
10.1.1.5.3 Russia: Sparkling Wine Market, by Distribution Channel
10.1.1.6 Rest of Europe: Sparkling Wine Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Europe: Sparkling Wine Market, by Type
10.1.1.6.2 Rest of Europe: Sparkling Wine Market, by Packaging Type
10.1.1.6.3 Rest of Europe: Sparkling Wine Market, by Distribution Channel
11. Impact of COVID-19 Pandemic on Europe 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 Constellation Brands, Inc.
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 Henkell Freixenet
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 Pernod Ricard Winemakers
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 The Sparkling Wine Co.
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. Europe Sparkling Wine Market –Revenue Forecast to 2028 (US$ Million)
Table 2. Germany Sparkling Wine Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 3. Germany Sparkling Wine Market, by Packaging Type – Revenue and Forecast to 2028 (USD Million)
Table 4. Germany Sparkling Wine Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 5. France Sparkling Wine Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 6. France Sparkling Wine Market, by Packaging Type– Revenue and Forecast to 2028 (USD Million)
Table 7. France Sparkling Wine Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 8. Italy Sparkling Wine Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 9. Italy Sparkling Wine Market, by Packaging Type – Revenue and Forecast to 2028 (USD Million)
Table 10. Italy Sparkling Wine Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 11. United Kingdom Sparkling Wine Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 12. United Kingdom Sparkling Wine Market, by Packaging Type– Revenue and Forecast to 2028 (USD Million)
Table 13. United Kingdom Sparkling Wine Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 14. Russia Sparkling Wine Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 15. Russia Sparkling Wine Market, by Packaging Type – Revenue and Forecast to 2028 (USD Million)
Table 16. Russia Sparkling Wine Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 17. Rest of Europe Sparkling Wine Market, by Type– Revenue and Forecast to 2028 (USD Million)
Table 18. Rest of Europe Sparkling Wine Market, by Packaging Type – Revenue and Forecast to 2028 (USD Million)
Table 19. Rest of Europe Sparkling Wine Market, by Distribution Channel – Revenue and Forecast to 2028 (USD Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Sparkling Wine Market Segmentation
Figure 2. Europe Sparkling Wine Market Segmentation – By Country
Figure 3. Europe Sparkling Wine Market Overview
Figure 4. White Segment Held Largest Share of Europe Sparkling Wine Market
Figure 5. Germany Held Largest Share of Europe Sparkling Wine Market
Figure 6. Porter’s Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. Europe Sparkling Wine Market Impact Analysis of Driver and Restraint
Figure 9. Europe: Sparkling Wine Market – Revenue Forecast to 2028 (US$ Million)
Figure 10. Sparkling Wine Market Revenue Share, By Type (2020 and 2028)
Figure 11. Europe White: Sparkling Wine Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 12. Europe Red : Sparkling Wine Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 13. Europe Rose: Sparkling Wine Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 14. Europe Sparkling Wine Market Revenue Share, By Packaging Type (2020 and 2028)
Figure 15. Europe Bottles: Sparkling Wine Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 16. Europe Cans: Sparkling Wine Market, Revenue And Forecast To 2028 (US$ Mn)
Figure 17. Europe Sparkling Wine Market Revenue Share, By Distribution Channel (2020 and 2028)
Figure 18. Europe Supermarkets and Hypermarkets: Sparkling Wine Market – Revenue and Forecast To 2028 (USD Million)
Figure 19. Europe Specialty Stores: Sparkling Wine Market – Revenue and Forecast To 2028 (USD Million)
Figure 20. Europe Online Retail: Sparkling Wine Market – Revenue and Forecast To 2028 (USD Million)
Figure 21. Europe Others: Sparkling Wine Market – Revenue and Forecast To 2028 (USD Million)
Figure 22. Europe: Sparkling Wine Market, by Key Country-Revenue 2020 (US$ Million)
Figure 23. Europe: Sparkling Wine Market Revenue Share, by Key Country (2020 and 2028)
Figure 24. Germany: Sparkling Wine Market –Revenue and Forecast to 2028 (US$ Million)
Figure 25. France: Sparkling Wine Market –Revenue and Forecast to 2028 (US$ Million)
Figure 26. Italy: Sparkling Wine Market –Revenue and Forecast to 2028 (US$ Million)
Figure 27. United Kingdom: Sparkling Wine Market –Revenue and Forecast to 2028 (US$ Million)
Figure 28. Russia: Sparkling Wine Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. Rest of Europe: Sparkling Wine Market –Revenue and Forecast to 2028 (US$ Million)
Figure 30. Impact of COVID-19 Pandemic in Europe Country Markets
- Bacardi and Company Limited
- Chandon
- Constellation Brands, Inc.
- Henkell Freixenet
- Pernod Ricard Winemakers
- The Sparkling Wine Co.
- Treasury Wine Estates Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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