Sparkling Red Wine Market by Distribution Channel and Geography - Forecast and Analysis 2019-2023
- Published: Oct 2019
- Pages: 125
- SKU: IRTNTR32147
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The global sparkling red wine market size has the potential to grow by USD 216.16 million during 2019-2023, and the market's growth momentum will accelerate throughout the forecast period.
This report provides a detailed analysis of the market by distribution channels (offline and online) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market's competitive landscape and offers information on several market vendors, including Accolade Wines, Azienda Agricola Ca' de Noci, Azienda Agricola La Battagliola, Bird in Hand Winery Pty Ltd., Charlie & Echo, Domaine Chandon Inc., G Patritti & Co. Pty Ltd., Luis Pato, LVMH Moët Hennessy - Louis Vuitton, and Pernod Ricard SA.
Browse TOC and LoE with selected illustrations and example pages of the sparkling red wine market
Market Competitive Analysis
The market is fragmented, and the degree of fragmentation will increase during the forecast period. Vendors in the market are developing online strategies to target new customers. Several vendors are collaborating with logistics partners to increase their online sales. Accolade Wines and Azienda Agricola Ca' de Noci are some of the major market participants. Though the accelerating growth momentum will offer immense growth opportunities, the availability of counterfeit alcoholic products will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this sparkling red wine market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and offers information on the products offered by various companies. Moreover, this sparkling red wine market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading sparkling red wine companies, including:
- Accolade Wines
- Azienda Agricola Ca' de Noci
- Azienda Agricola La Battagliola
- Bird in Hand Winery Pty Ltd.
- Charlie & Echo
- Domaine Chandon, Inc.
- G Patritti & Co. Pty Ltd.
- Luis Pato
- LVMH Moët Hennessy - Louis Vuitton
- Pernod Ricard SA
Sparkling Red Wine Market: Segmentation by Region
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The rise in the number of tourists and the expansion of foodservice outlets such as bars and clubs have increased the demand for sparkling red wine in France. The growth of the foodservice industry has increased the demand for wine and spirits, including sparkling red wine in the UK. These are the major factors increasing sparkling red wine market size in Europe.
Nearly 64% of the market growth will originate from Europe during the forecast period, and Germany, Italy, and France are the key markets for sparkling red wine in the region. However, market growth in this region will be slower than the growth of the market in APAC, South America, and MEA.
Sparkling Red Wine Market: Segmentation by Distribution Channel
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The purchase of sparkling red wine through duty-free retail shops near airports has increased among the millennials. The rising number of international travelers, changing lifestyle, and rising per-capita income of consumers has fueled the sales of sparkling red wine in duty-free retail shops. However, market growth in the offline segment will be slower than the growth of the market in the online distribution channel.
This report provides an accurate prediction of the contribution of all the segments to the growth of the sparkling red wine market size.
Sparkling Red Wine Market: Key Drivers and Trends
Sparkling red wine contains higher proportions of antioxidants such as resveratrol compared to other sparkling wines, such as white wine and rose wine. Resveratrol helps in lowering cholesterol levels and reduces the formation of clots in blood vessels. The regular consumption of sparkling red wine is good for the skin and also helps improve memory. Sparkling red wine contains lower amounts of calories compared to other wines and is good for patients with dementia. Because of such health benefits, consumers prefer sparkling red wine over other wines such as white wine and rose wine. This is one of the major factors driving the growth of the global sparkling red wine market size.
- The expansion of the online distribution channel is one of the major sparkling red wine market trends that will affect the market landscape.
- Rising penetration of the Internet has increased awareness about sparkling red wine among consumers.
- This is driving vendors to collaborate with major online retailers to increase their sales through e-commerce websites.
- The advent of social media and the rising adoption of smartphones is enabling customers to access a wide range of products and choose the best sparkling red wine.
- Consumers in Asian countries such as China are exhibiting strong demand for sparkling red wine sold through online retail chains.
- As a result of such factors, the market will register a CAGR of more than 4% during 2019-2023.
Sparkling Red Wine Market: Key Highlights of the Report for the Forecast Period 2019-2023
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the sparkling red wine market size during the next five years
- Precise estimation of the global sparkling red wine market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the sparkling red wine market size across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of sparkling red wine vendors
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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