Sparkling Wine Market Size, Share, and Growth Analysis, By Type (Red, White), By Product (Champagne, Prosecco), By Price, By Packaging, By Distribution Channel, By Region - Industry Forecast 2025-2032

Sparkling Wine Market size was valued at USD 49.17 billion in 2023 and is poised to grow from USD 52.56 billion in 2024 to USD 89.64 billion by 2032, growing at a CAGR of 6.9% during the forecast period (2025-2032).

The future of sparkling wine sales is set to rise significantly due to the increasing popularity of wines and champagnes for celebratory occasions globally. With a growing disposable income and a willingness to invest in premium beverages, consumers are creating new opportunities for sparkling wine producers. Additionally, heightened awareness of the health benefits associated with wine consumption is likely to further drive demand. The urbanization and Western influence in emerging markets are contributing to the growing appeal of alcoholic beverages, paving the way for sparkling wine companies. Furthermore, the robust growth of the e-commerce sector will enhance accessibility and sales. However, challenges such as the rise of alternative alcoholic options, stringent regulations, high premium pricing, and seasonality remain critical constraints for the industry.

Top-down and bottom-up approaches were used to estimate and validate the size of the Sparkling Wine market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Sparkling Wine Market Segments Analysis

Global Sparkling Wine Market is segmented by Type, Product, Price, Packaging, Distribution Channel and region. Based on Type, the market is segmented into Red, White and Rose. Based on Product, the market is segmented into Champagne, Prosecco, Cava and Others. Based on Price, the market is segmented into Luxury and Affordable. Based on Packaging, the market is segmented into Bottled and Canned. Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Specialty stores, Online retail and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Sparkling Wine Market

The increase in disposable income globally, combined with enhanced living standards, is significantly boosting the demand for premium beverages, including sparkling wines and champagne. As consumers become more willing to invest in high-quality wines, they are drawn to the unique flavors, exclusivity, and perceived sophistication these beverages offer. This shift in consumer behavior and preference is set to propel the growth of the sparkling wine market in the upcoming years, as more individuals seek out premium options for their enjoyment and celebrations, reflecting a broader trend toward luxury consumption in the beverage industry.

Restraints in the Sparkling Wine Market

The production of high-quality premium sparkling wine involves significant investments in both time and capital. Additionally, employing traditional champenoise methods further inflates the costs associated with crafting premium offerings. As a result, this could hinder the sales growth of sparkling wine in the future, particularly impacting market expansion in price-sensitive regions. The combination of elevated production costs and the complexity of traditional techniques may deter potential consumers, ultimately restraining the overall growth of the sparkling wine market and limiting its accessibility in various demographics where affordability is a key factor.

Market Trends of the Sparkling Wine Market

The sparkling wine market is increasingly shifting towards non-alcoholic and low-alcohol alternatives, aligning with the rising demand for healthier lifestyle choices among consumers. As more individuals adopt alcohol-free lifestyles, brands have the opportunity to innovate by developing products that cater to this expanding demographic. Investment in the creation of lower alcohol content and non-alcoholic sparkling wines is poised to significantly broaden the consumer base, appealing specifically to health-conscious drinkers and those seeking celebratory beverages without the effects of alcohol. This trend is projected to reshape the market landscape, making non-alcoholic options a key growth driver in the sparkling wine segment.