Sparkling Red Wine Market – Wine Made From Red Grapes
- Sparkling red wine is a type of wine which has bubbles when poured into a glass due to the presence of carbon dioxide. This makes sparkling red wine appear fizzy or bubbly when poured into a glass.
- Sparkling red wine is extracted from the skin of red grapes to gain its color. It is processed by fermentation of red grape juice in a silo by setting it on low temperature for a specific time or days to preserve its essence. During this process, yeast and other additives are added to the red grape juice to convert it into a form of alcohol. The alcoholic juice is further filtered to separate it from unwanted sediment.
- After the filtration process, sparkling red wine is processed with carbonation technique in the bottle, can, or other packaging material to gain bubbles.
- Sparkling red wine is the most popular choice of wine or alcoholic beverage among users while celebrating special occasions, rituals, and parties. This factor is expected to propel the growth of the sparkling red wine market in the coming years.
Rise in Demand for Organic or Natural Wine
- In the last few years, the global organic wine industry is witnessing significant expansion owing to its growing demand from consumers. Rise in consumer preference for organic wine has also influenced manufacturers to enhance their production capacity of organic grapes wine across the globe. This is a key factor driving the growth of the organic or natural sparkling red wine market. In addition, rise in health consciousness and awareness about the presence of hazardous chemicals in food and beverages among consumers is influencing consumer to switch to organic sparkling red wine.
Increase in Consumption of Sparkling Red Wine
- Rapid growth in the number of wine consumers across the globe is a major reason for the growth of the sparkling red wine market. User preference for sparkling red wine processed in an environment-friendly or organic manner is also influencing the growth of the global sparkling red wine market. Moreover, sparkling red wine is a popular choice among consumers for parties and celebrations. These are the factors driving the growth of the sparkling red wine market across the globe.
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Presence of Major Substitutes for Sparkling Red Wine
- Champagne, sparkling white wine, rose, red, and port wine, and other substitutes are restraints for the growth of the sparkling red wine market. In addition, end-users opting for other alcoholic beverages such as beer, rum, whiskey, and vodka are also restraining the growth of the market. Furthermore, in Islamic countries, sparkling red wine is prohibited due to a ban on consumption of alcohol in Islam. Moreover, heavy tariff duty imposed on export of wine has increased the cost of the product.
Asia Pacific to Hold Leading Share of the Global Sparkling Red Wine Market
- The global wine market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA)
- North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the wine market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the wine market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The wine market in South America is segmented into Brazil and Rest of South America.
- Europe dominates the global sparkling red wine market owing to its popularity among users for consumption on special occasions.
- The sparkling red wine market in Asia Pacific is expected to grow at a rapid pace owing to rising acceptance of the product and its easy availability across the region.
Key Players Operating in the Sparkling Red Wine Market
The global wine market is highly fragmented due to presence of several global and regional players. Major players across the globe are opting for innovative products and attractive packaging designs to strengthen their position in the market.
Regional players in the market focus on collaborations with a wide range of retailing channels to enhance sales of sparkling red wine.
A few of the key players operating in the global sparkling red wine market are:
- Accolade Wines
- Azienda Agricola Ca' de Noci
- Bird in Hand Winery Pty Ltd.
- Charlie & Echo
- Domaine Chandon, Inc.
- G Patritti & Co. Pty Ltd.
- Luis Pato
- LVMH Moet Hennessy - Louis Vuitton
- Pernod Ricard SA
- Sula Vineyards Pvt. Ltd.
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Global Sparkling Red Wine Market: Research Scope
Global Sparkling Red Wine Market, by Style
- Others (Shiraz, Rose, Brut, etc.)
Global Sparkling Red Wine Market, by Taste
Global Sparkling Red Wine Market, by Price Range
- Up to $10
- $10 to $25
- $25 to $40
- Above $40
Global Sparkling Red Wine Market, by Size
- Below 375 ml
- 375-750 ml
- Above 1500 ml
Global Sparkling Red Wine Market, by Distribution Channel
- Online Channel
- Offline Channel
- Convenience & Wine Stores
- Mega Retail Stores
- Others (Direct Sales, Wine Fest, etc.)
The report on the global sparkling red wine market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.