3 Key Insights on US$ 56 Bn Opportunity in the Global Sparkling Wine Market – Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Buy Now Driven By the Increasing Alcohol Socialization Among Consumers Along with The Increasing Adoption of European culture, the Global Sparkling Wine Market is forecasted to Cross US$ 56 Bn by 2028 says Ken Research Study. Wine is an alcoholic beverage produced from fermented grape juice. Sparkling wines are carbonated wines made from black and white grapes, with carbon dioxide being a natural source byproduct of fermentation that gives them their fizzy essence. In addition, they can be white wine, red wine, and rose wine, and are produced all over the world. Some well-known types of sparkling wines include Prosecco from Italy, Champagne from France, and Cava from Spain all of which have different flavors and are made in different ways. “Ken Research shares 3 key insights on this high opportunity market from its latest research study” 1. Sparkling Wine Market Continues to Grow Owing to The Increasing Adoption of European Culture. The Global Sparkling Wine Market is expected to witness stable growth during the forecast period, owing to the increasing alcohol socialization among consumers along with the increasing adoption of European culture. The global sparkling wine market was valued at ~US$ 28 billion in 2017, it is estimated to be ~US$ 37 billion in 2022 and is expected to reach a market size of ~US$ 56 billion by 2028 growing with a CAGR of ~7%. Europe is the dominating region in the Global Sparkling Wine Market due to the presence of the world’s largest wine-producing countries, including France, Italy, and Spain. For instance, according to World Population Review, four countries, including France, Italy, and Spain produce more than half of the world’s wine. Italy produced 44.5 million hectoliters (mhl) of wine in 2021, followed by Spain and France, which produced 35 mhl and 34.2 mhl, respectively. Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDc2 2. The Rising Socializing Trend among the Young Population, Combined with the Individuals’ Shifting Lifestyle Preferences is driving the Market Growth of Sparkling Wines. The rapid socioeconomic changes and fast-paced urbanization, along with the continuous rise in living standards across countries are propelling the demand for sparkling wines. In addition, with rising urbanization, individuals are becoming more aware of the importance of living a healthy lifestyle, which is influencing them to adopt organic products. For instance, according to the Organic Trade Association (OTA), a membership-based business association devoted to organic agriculture and products in North America, organic wine sales in the United States surpass US$ 373 million in 2020, a 17.6% increase from 8.7% in 2019. Furthermore, the growing influence of social media in developed countries is influencing the lifestyles of Younger generations, encouraging them to spend more on high-end products, including wines. 3. The Consumers’ Shifting Preferences Towards a Variety of Alcoholic Beverages, Such as Beer, Liquors, and Spirits due to their Economic Viability May Stifle the Market Growth of Sparkling Wines. Wine’s premium cost is largely due to high taxes, both import duties and the multitude of state taxes and regulations that are applied to wines without taking into consideration that wine is a low-alcohol product that is farmer-friendly and good for health. Another factor contributing to the high cost of wines is that they are made from grapes that are grown in specific regions, primarily California and South America, resulting in higher transport and customs fees to import them. In addition, grapes are generally expensive as they require specific soil and weather conditions, while also being a seasonal crop, which raises the price of grapes and the products made with them, such as wines. Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDc2 For more information on the research report, refer to the below link: Global Sparkling Wine Market Follow Us LinkedIn | Instagram | Facebook | Twitter | YouTube Tags: Accolade Sparkling Wines Market Revenue, Africa Sparkling Wine Market Forecast, Asia Pacific Sparkling Wine Market, Bronco Brut Sparkling Wine Market Share, Casella SPARKLING SHIRAZ Wine Market, Challenges in Sparkling Wine Industry, Champagne Sparkling Wine Market, Competitors in Sparkling Wine Industry, Concha Sparkling Wine Market Revenue, Cremant Sparkling Wine Market, Emerging Companies in Sparkling Wine Market, English Sparkling Wine Sales, Europe Sparkling Wine Market Analysis, Global Carbonated Wine Market, Global Cava Sparkling Wine Market, Global Dry Wine Market, Global Red Wine Market, Global Rose Wine Market, Global Sparkling Wine Distribution Channel, Global Sparkling Wine Industry, Global Sparkling Wine Manufacturing, Global Sparkling Wine Market, Global Sparkling Wine Market Demand, Global Sparkling Wine Sector, Global Sparkling Wine Suppliers, Global Sparkling Wines Market, Global White Wine Market, Illinois Sparkling Wine Market Growth Rate, Key Players in Sparkling Wine Market, Latin America Sparkling Wine Market, Leading Players in Sparkling Wine Market, leading sparkling wine producing Companies, Major Companies in Sparkling Wine Market, Middle East Sparkling Wine Market, New Entrants into Alcoholic Beverages Industry, Non Alcoholic Sparkling Wine Market, North America Sparkling Wine Market, Opportunities in the Sparkling Wine Market, PE Firms in Alcoholic Beverages Industry, Prosecco Sparkling Wine Market, Sparkling Red Wine Market, Suppliers of Chemical Additives, Top Companies Sparkling Wine Market, Vineyard Management Companies, Whiskey Market, Wine Feedstock Suppliers (Wine Grapes), Wine Producing Companies, Worldwide Sparkling Wine Market