North America Sparkling Red Wine Market by Deployment, by Applications, by Type, by End-User & by Technology 2032
North America Sparkling Red Wine Market was valued at USD 0.18 Billion in 2022 and is projected to reach USD 0.25 Billion by 2030, growing at a CAGR of 4.5% from 2024 to 2030.
The North American sparkling red wine market is experiencing notable shifts, driven by evolving consumer preferences and industry dynamics. In 2024, wine sales in the U.S. declined by nearly 8% compared to 2023, affecting both table and sparkling wines. Experts attribute this trend to increased health consciousness and the rising popularity of non-alcoholic alternatives. Despite this, the North America sparkling wine market was valued at USD 41.2 billion in 2022 and is projected to reach USD 83.4 billion by 2032, registering a CAGR of 7.5%.
Within North America, the market is characterized by:
- Product Innovation: Winemakers are introducing new flavors and blends, experimenting with different grape varieties and production methods to cater to evolving consumer tastes.
- Distribution Channels: There's an increasing availability of sparkling red wines through online retail channels, making them more accessible to a broader audience.
- Regional Production: Areas like Northern Michigan have gained recognition for producing traditional-style sparkling wines, with wineries such as Mawby leading the way.
However, the industry faces challenges, including high production costs and competition from other alcoholic beverages. Additionally, changing consumption habits, especially among younger generations, are influencing market dynamics. Discussions on platforms like Reddit highlight a decline in wine consumption, with users noting a shift towards other beverages and a decrease in wine sales.
Despite these challenges, opportunities exist. The Asia-Pacific region is expected to dominate the sparkling red wine market during the forecast period, driven by strong growth in countries such as China and India. This presents potential export opportunities for North American producers.
In my experience, exploring local wineries has revealed a dedication to quality and innovation. For instance, during a visit to Northern Michigan, I was impressed by the traditional methods employed by Mawby to produce their sparkling wines. Such commitment suggests that, despite market fluctuations, there remains a passion for crafting exceptional sparkling red wines in North America.
As the market continues to evolve, stakeholders must adapt to changing consumer preferences and explore new avenues for growth to remain competitive in the North America Sparkling Red Wine Market.
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Who are the largest North America manufacturers in the Sparkling Red Wine industry?
- Alberto Salvadori
- Angas
- Bird in Hand Winery
- Bleasdale Vineyards
- Chateau Reynella
- Green Point
- Hardys
- Jansz
- Mount Prior Winery
- Pernod Ricard
- Portugal Vineyards
- Quinta da Raza
- Rockford
- Seppelt
- Tenuta di Aljano
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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What are the factors driving the growth of the North America Sparkling Red Wine Market?
Growing demand for below applications around the world has had a direct impact on the growth of the North America Sparkling Red Wine Market
- Shopping Malls
- Online Channel
- Winery
What are the types of Sparkling Red Wine available in the Market?
Based on Types the Market is categorized into Below types that held the largest Sparkling Red Wine market share In 2023.
- Top Class
- Second Class
Which regions are leading the North America Sparkling Red Wine Market?
- North America (United States, North America and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia, etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Detailed TOC of North America Sparkling Red Wine Market Research Report, 2024-2032
1. Introduction of the North America Sparkling Red Wine Market
- Overview of the Market
- Scope of Report
- Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
4. North America Sparkling Red Wine Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
5. North America Sparkling Red Wine Market, By Type
6. North America Sparkling Red Wine Market, By Application
7. North America Sparkling Red Wine Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
8. North America Sparkling Red Wine Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
9. Company Profiles
10. Appendix
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