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 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.
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.).
Shifting consumer preferences towards innovative wine varieties, growing demand for premium and luxury beverages, and increasing awareness of the health benefits associated with moderate wine consumption. Additionally, the rise in celebratory occasions and social gatherings drives the demand for sparkling red wine as a popular choice for toasting and festivities. Opportunities in the market lie in expanding distribution channels, such as online retail platforms, to reach a broader consumer base and capitalize on the growing trend of e-commerce. Furthermore, targeted marketing campaigns highlighting the unique flavor profiles and versatility of sparkling red wines can attract younger demographics and non-traditional wine drinkers, expanding the market potential. However, there are restraints to consider, including regulatory challenges related to labeling and marketing restrictions, as well as potential fluctuations in grape supply and production costs. Additionally, competition from other alcoholic beverages and substitutes may pose challenges to market growth.
Top Key Players Covered in The 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), and Other Major Players
The Sparkling Red Wine Market Segmentation:
By Style
- Brechetto
- Lambrussco
- Others
By Taste
- Sweet
- Dry
- Semi-Sweet
By Distribution Channel
- Online
- Offline
By Packaging Type
- Bottles
- Cans
Key Industry Development:
- 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.
- 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.
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The Sparkling Red Wine Market Report Highlight:
- By Style, the Brechetto of the sparkling red wine market is experiencing growth due to its unique characteristics appealing to a broader consumer base. With its vibrant red color, fruity aroma, and semi-sweet taste profile, Brechetto offers a refreshing alternative to traditional sparkling wines. Its versatility makes it suitable for various occasions, from casual gatherings to formal events. Additionally, growing interest in exploring diverse wine options has contributed to the increasing popularity of this distinctive style.
- By Size, the Sweet taste in the Sparkling Red Wine Market is experiencing growth due to shifting consumer preferences and expanding market demographics. Increased demand is driven by the appeal of sweet flavors among younger consumers, who are exploring wine options beyond traditional dry varieties. Additionally, the versatility of sweet sparkling red wines in pairing with a wide range of foods and their accessibility for novice wine enthusiasts contribute to this segment's expansion.
- By Region, 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.
- By Style, the Brechetto of the sparkling red wine market is experiencing growth due to its unique characteristics appealing to a broader consumer base. With its vibrant red color, fruity aroma, and semi-sweet taste profile, Brechetto offers a refreshing alternative to traditional sparkling wines. Its versatility makes it suitable for various occasions, from casual gatherings to formal events. Additionally, growing interest in exploring diverse wine options has contributed to the increasing popularity of this distinctive style.
