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May 30, 2022 View:

Sparkling wine is the only major segment to increase in the next five years

According to the 2020 edition of the U.S. Wine Market: Shanken's Impact Database Review and Forecast, sparkling wine will reportedly be the only major segment to increase over the next five years, primarily because total wine industry sales will be significantly lower than current levels in 2025.

Image courtesy of: CADA, China Wine Industry Association

In 2020, sparkling wine prices rose 28%, more than twice as much as table wine prices (+12.6%). Sparkling wine is expected to continue to be popular with consumers and will remain one of the few bright spots driving the wine industry.