Sparkling Wine Market - Forecast 2021 - 2026
Sparkling Wine Market Overview Sparkling Wine Market size is estimated to reach $32,651 million by 2026, growing at a CAGR of 7.1% over 2021-2026. Sparkling wine is a type of wine undergoing the process of carbonation with high carbon dioxide levels, which makes it fizzy. The effervescence result from natural fermentation that occurs either in the bottle or in a large tank. The monolactic fermentation happens when sugar is added to wine, and yeast starts acting on the sugar, releasing carbon dioxide. This carbon dioxide trapped inside a sealed space creates bubbles in the wine. Many people refer to sparkling wine as Champagne. Further, as of the increase in the number of local wineries, the worldwide sparkling wine industry is anticipated to develop considerably. Premium wine demand is increasing throughout the world, which is also boosting industry growth. During the forecast period 2021-2026, market expansion is poised to be fuelled by the launch of novel products and limited-editio...