The forecast for sparkling grape wine imports to the US shows a consistent upward trend from 2024 to 2028, with the volume expected to increase steadily each year. In 2023, the volume stood at approximately 158.5 million kilograms. The year-on-year growth from 2023 to 2024 is forecasted at 3%, with similar increases of around 3% each succeeding year until 2028. The compound annual growth rate (CAGR) over these five years is anticipated to be about 3%. This steady growth reflects a robust and continuously growing demand for sparkling grape wines in the US market.
Future trends to watch for include:
- Increased import volume driven by consumer preference for premium and diverse wine selections.
- Potential impact of trade policies or tariffs that could affect pricing and import volumes.
- Increasing interest in sustainable and organic wines, which may impact supplier choices.
- Sales growth during major holiday seasons and celebratory events due to its association with celebratory occasions.
