Sparkling Red Wine Market Research Report 2023
Global Sparkling Red Wine Market Size By Style (Brechetto, Lambrussco, Others) Taste (Sweet, Dry, Semi-Sweet), Distribution Channel (Online, Offline) Packaging Type (Bottles, Cans) and Region Global Market Analysis and Forecast, 2023-2030
Global Sparkling Red Wine Market Synopsis
The Global Sparkling Red Wine Market size is expected to grow from USD 45300 Million in 2023 to USD 60700 Million by 2030, at a CAGR of 4.30% during the forecast period (2023-2030).
Sparkling red wine is a type of wine that is carbonated and has a red color. It is made using red grape varieties, and the carbonation is typically added during a secondary fermentation process, where yeast and sugar are added to the wine. This process creates bubbles like those found in sparkling white wines or champagnes.
- Sparkling red wines can be made using a variety of red grapes such as Pinot Noir, Shiraz, Lambrusco, and Brachetto. These wines can be dry, semi-dry, or sweet, and can range in color from deep purple to light red.
- Sparkling red wines can be served at a variety of temperatures, depending on personal preference and the style of the wine. Generally, they are served chilled, but some varieties can be served at room temperature.
- Sparkling red wines are versatile and can be paired with a variety of foods, such as roasted meats, hearty stews, and rich chocolate desserts. They are also a great choice for celebrations and special occasions.
Top Key Players Involved Are:
"Gancia (Italy), Sula Vineyards (India), Banrock Station (Australia), Yellow Tail (Australia), Brown Brothers (Australia), Bodega Norton (Argentina), Freixenet (Spain), Codorniu (Spain), Jaume Serra (Spain), Miguel Torres (Spain), Santa Margherita (Italy), Mionetto (Italy), Lunetta (Italy), Ricossa (Italy), Riondo (Italy), Zonin (Italy), Jacob's Creek (Australia), Chandon (Argentina), Valdivieso (Chile), San Pedro (Chile), and Other Major Players."
Global Sparkling Red Wine Market Trend Analysis
The Rising Socializing Trend Among the Young Population
- Increasingly interested in socializing, and they are looking for unique experiences that they can share with friends and family.
- Sparkling red wine offers a unique and exciting option that can be enjoyed on many occasions, such as parties, gatherings, and celebrations.
- Additionally, social media has played a crucial role in promoting sparkling red wine and driving its popularity among young people. Instagram, for example, is a platform where people can share their experiences and pictures of sparkling red wine, and this can create a buzz and generate interest among their followers.
- Moreover, the younger population is increasingly interested in trying new and different types of wines, and sparkling red wine offers a unique and exciting option. The wine industry has responded to this trend by offering a wide range of sparkling red wines from different regions and grape varieties, with varying levels of sweetness and carbonation. This has helped to fuel the growth of the global sparkling red wine market.
- Overall, the rising socializing trend among the young population, combined with changing consumer preferences and the increasing availability of different sparkling red wine options, are some of the key drivers of the global sparkling red wine market.
The Growing Area of Vineyards
The growing vineyard area is a significant opportunity for the growth of the global sparkling red wine market. Vineyards are the primary source of grapes used to make wine, and the availability and quality of grapes can significantly impact the quality and quantity of wine produced.
- The expansion of vineyards around the world, particularly in emerging wine regions, has created opportunities for the production of new and unique sparkling red wine varieties.
- Additionally, advancements in vineyard management techniques and technology have helped to increase grape quality and yield, leading to the production of better-quality sparkling red wines.
- Furthermore, the growing demand for sustainable and organic wine production methods has also created opportunities for vineyards that prioritize sustainable practices.
- Overall, the growing use of vineyards, advancements in vineyard management technology, and the increasing demand for sustainable wine production practices are all significant opportunities for the growth of the global sparkling red wine market.
Segmentation Analysis of The Global Sparkling Red Wine Market
Global Sparkling Red Wine Market segments cover the Style, Taste, Distribution Channel, and Packaging Type. By taste, the sweet segment is Anticipated to Dominate the Market Over the Forecast period.
- Sweet sparkling red wines have been popular for many years, particularly in certain regions of the world such as Italy and Spain. These wines are often made from grapes with a higher natural sugar content, contributing to their sweetness.
- One reason sweet sparkling red wines will be popular is that they are perceived as more approachable and easier to drink than drier wines. They are often considered a good choice for people new to wine or who prefer sweeter flavors.
- Another reason why sweet sparkling red wines will be popular is that they pair well with a variety of foods, particularly desserts and spicy dishes. The sweetness of the wine can help balance out the heat of spicy foods, while also complementing the flavors of desserts.
- Overall, sweet sparkling red wine will dominate the market with consumer preferences for its various factors and benefits for being sweet in taste.
Regional Analysis of The Global Sparkling Red Wine Market
Asia Pacific is Expected to Dominate the Market Over the Forecast Period.
- The Asia-Pacific region has been one of the fastest-growing markets for wine consumption in recent years, with increasing demand for premium and luxury wines.
- The Asia-Pacific region presents significant growth opportunities, driven by increasing consumer demand for premium and luxury wines, as well as changing tastes and preferences in the region.
- Some countries within the region, such as Japan and China, have a history of consuming sparkling wine and may continue to be significant markets for sparkling red wines in the future and will become significant markets for wine consumption.
- Additionally, the rise of e-commerce and online sales channels has made it easier for consumers to purchase wine from around the world, further driving growth in the wine market in Asia-Pacific.
- In terms of wine production, some countries within the region, such as Australia and New Zealand, are major wine producers and exporters. However, other countries within the region, such as China and India, are also investing in their domestic wine industries and are expected to increase their production and exports in the future.
- Overall, the wine market in Asia-Pacific presents significant opportunities to dominate the market with changing consumer preferences and increasing demand for premium and luxury wines in the future.
Covid-19 Impact Analysis on The Global Sparkling Red Wine Market
The COVID-19 pandemic has significantly impacted the global wine industry, including the sparkling red wine market.
- The pandemic caused disruptions in the production and supply chain of sparkling red wine, leading to shortages and delays in distribution. This was due to measures such as lockdowns, social distancing guidelines, and travel restrictions, which impacted the ability of wine producers to harvest grapes, bottle and transport wine, and meet demand.
- The pandemic led to changes in consumer behavior, including a shift towards online wine purchasing and home consumption. Many consumers chose to drink wine at home rather than in bars or restaurants due to restrictions on social gatherings. This led to an increase in demand for retail sales of sparkling red wine, but a decrease in demand for on-premise consumption.
- The pandemic has caused economic uncertainty and has led to a decrease in consumer spending power, which may have impacted the sales of premium sparkling red wines.
- Trade tariffs between certain countries have also impacted the global trade of sparkling red wine, leading to fluctuations in prices and changes in trade patterns.
Top Key Players Covered in The Global Sparkling Red Wine Market
- Gancia (Italy)
- Sula Vineyards (India)
- Banrock Station (Australia)
- Yellow Tail (Australia)
- Brown Brothers (Australia)
- Bodega Norton (Argentina)
- Freixenet (Spain)
- Codorniu (Spain)
- Jaume Serra (Spain)
- Miguel Torres (Spain)
- Santa Margherita (Italy)
- Mionetto (Italy)
- Lunetta (Italy)
- Ricossa (Italy)
- Riondo (Italy)
- Zonin (Italy)
- Jacob's Creek (Australia)
- Chandon (Argentina)
- Valdivieso (Chile)
- San Pedro (Chile) and Other Major Players.
Key Industry Developments in The Global Sparkling Red Wine Market
In April 2023, Shares of Sula Vineyards zoomed nearly 11% to Rs 390 in Wednesday's intraday trade on BSE after the firm saw a jump of 30% year-on-year (YoY) in overall sales of elite and premium wines in the fiscal year FY23.
In May 2022, Casella Family Brands, the owner of hugely popular wine brands such as Yellow Tail and Peter Lehmann Wines, announced that they are putting some 7,258 ha of vineyards and supporting land from 35 properties on the market, as the business realigns its strategy.
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Global Sparkling Red Wine Market |
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Base Year: |
2022 |
Forecast Period: |
2023-2030 |
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Historical Data: |
2016 to 2022 |
Market Size in 2022: |
USD 45300 Mn. |
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Forecast Period 2022-30 CAGR: |
4.30% |
Market Size in 2030: |
USD 60700 Mn. |
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Segments Covered: |
By Style |
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By Taste |
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By Distribution Channel |
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By Packaging Type |
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By Region |
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Global Sparkling Red Wine Market |
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Base Year: |
2022 |
Forecast Period: |
2023-2030 |
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Historical Data: |
2016 to 2022 |
Market Size in 2022: |
USD 45300 Mn. |
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Forecast Period 2022-30 CAGR: |
4.30% |
Market Size in 2030: |
USD 60700 Mn. |
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Segments Covered: |
By Style |
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By Taste |
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By Distribution Channel |
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By Packaging Type |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the Report: |
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Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Style
3.2 By Taste
3.3 By Distribution Channel
3.4 By Packaging Type
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological
Frequently Asked Questions
What would be the forecast period in the Global Sparkling Red Wine Market research report?
The forecast period in the Global Sparkling Red Wine Market research report is 2022-2030.
Who are the key players in Global Sparkling Red Wine Market?
Gancia (Italy), Sula Vineyards (India), Banrock Station (Australia), Yellow Tail (Australia), Brown Brothers (Australia), Bodega Norton (Argentina), Freixenet (Spain), Codorniu (Spain), Jaume Serra (Spain), Miguel Torres (Spain), Santa Margherita (Italy), Mionetto (Italy), Lunetta (Italy), Ricossa (Italy), Riondo (Italy), Zonin (Italy), Jacob's Creek (Australia), Chandon (Argentina), Valdivieso (Chile), San Pedro (Chile), and Other Major Players
What are the segments of the Global Sparkling Red Wine Market?
The Global Sparkling Red Wine Market is segmented into Style, Taste, Distribution Channel, and Packaging Type. By Style, the market is categorized into Brechetto, Lambrussco, and Others. By Taste, the market is categorized into Sweet, Dry, and Semi-Sweet. By Distribution Channel, the market is categorized into Online and Offline. By Packaging Type, the market is categorized into Bottles and Cans. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe) Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
What is the Global Sparkling Red Wine Market?
Sparkling red wine is a type of wine that is carbonated and has a red color. It is made using red grape varieties, and the carbonation is typically added during a secondary fermentation process, where yeast and sugar are added to the wine. This process creates bubbles like those found in sparkling white wines or champagnes.
How big is the Global Sparkling Red Wine Market?
The Global Sparkling Red Wine Market size is expected to grow from USD 45300 Million in 2023 to USD 60700 Million by 2030, at a CAGR of 4.30% during the forecast period (2023-2030).
