In 2023, Italy led the European production of vermouth and other flavored wines with 358.5 million Euros, reflecting a robust 15.67% growth from the previous year. Spain followed with 168.99 million Euros and a modest 3.44% increase. France marked a slight growth with 108.29 million Euros at 1.71%. Finland showed an impressive rise by 8.74%, while Romania and Sweden experienced declines at -1.75% and -3.95%, respectively. Lithuania, Denmark, and Estonia had minimal contributions with varying growth rates, most notably Denmark’s reduction by 22.92%.
Future trends to watch include:
- Potential market expansion in Eastern Europe with evolving consumer preferences.
- Italy and Spain's continued dominance driven by traditional flavors and innovation.
- Focus on sustainable production practices influencing consumer choices.
Top countries in Sold Production of Vermouth and Other Wine of Fresh Grapes Flavoured with Plants or Aromatic Substances by Country
| # | 9 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 358,500,000 | 2023 | +4.48% | +15.67% | View data |
| 2 | 2 Spain | 168,990,000 | 2023 | +0.83% | +3.44% | View data |
| 3 | 3 France | 108,290,000 | 2023 | +6.57% | +1.71% | View data |
| 4 | 4 Finland | 14,073,000 | 2023 | +7.88% | +8.74% | View data |
| 5 | 5 Romania | 10,133,000 | 2023 | -0.91% | -1.75% | View data |
| 6 | 6 Sweden | 7,368,500 | 2023 | +5.36% | -3.95% | View data |
| 7 | 7 Lithuania | 796,360 | 2023 | -9.38% | -9.24% | View data |
| 8 | 8 Denmark | 355,710 | 2023 | +6.03% | -22.92% | View data |
| 9 | 9 Estonia | 28,040 | 2023 | +0.0071% | +2.79% | View data |
