Market Insights Consumer Alcoholic Drinks Wine

Sparkling Wine - Worldwide

Worldwide

Revenue in the Sparkling Wine market amounts to US$20.2bn in 2023. The market is expected to grow annually by 4.93% (CAGR 2023-2028).
In global comparison, most revenue is generated in the United States (US$5,312m in 2023).
In relation to total population figures, per person revenues of US$2.63 are generated in 2023.
In the Sparkling Wine market, volume is expected to amount to 1.5bn L by 2028. The market for Sparkling Wine market is expected to show a volume growth of 3.6% in 2024.
The average volume per person in the Sparkling Wine market is expected to amount to 0.18L in 2023.

Key regions: Worldwide, China, United Kingdom, United States, Australia

Market

Region

Region comparison

Currency

Methodology

Data coverage:
The data encompasses B2C enterprises. The data only covers at-home sales (e.g., sales via supermarkets, hypermarkets, convenience stores). All prices include all sales and consumption taxes and are valued at consumer prices.

Modeling approach:
Market sizes are determined through a Top-Down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending (e.g. consumer spending on alcoholic beverages, consumer spending at Hotels, Restaurants etc.), and price level index. This data helps us estimate the market size for each country individually.

Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Alcoholic Drinks market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.