Market Research Future (Food and Beverages) Sparkling Wine Market Size, Share, Trend, Gross Ma | Page 3

Sparkling Wine Market Research Report – Forecast to 2023
2 Market Overview
Sparkling wine is a fermented carbonated beverage made with grapes. The fermentation process results in the
production of alcohol and CO2. During the fermentation process, the gas is not allowed to escape and, thus, forms
tiny bubbles. This carbonation of wine takes place either in bottles or large tanks. Carbonation can also result from
CO2 injected into a few varieties of wines.
The global sparkling wine market is expected to grow significantly during the forecast period owing to the rise in the
number of local wineries. The demand for premium wines across the world is positively influencing market growth.
The introduction of innovative products such as organic, low-alcohol, and limited-edition sparkling wines in an array
of flavors including honey, apple, rose, and pear is also expected to fuel market growth during the forecast period.
Regional Analysis:
Europe is expected to dominate the market for sparkling wine during the forecast period. The sparkling wine market
in Europe is highly fragmented with the presence of numerous small- and medium-scale players and emerging
private labels. Rising health awareness among European consumers has propelled the demand for wine as it is
considered healthier than most alcoholic beverages with high alcohol content.
The sparkling wine market in Asia-Pacific is expected to be the fastest-growing. Japan, Australia, China, Singapore,
and India are key contributors to market growth in the region. An increasing awareness of wines is expected to fuel
market growth in the region.
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