The sparkling wine market in Portugal has shown a general upward trend from 2013 to 2023, reaching a volume of 33.829 million liters in 2023. The market experienced fluctuations, with significant growth noted in 2016 and consistent yearly increases since 2018. Over the last two years, the market saw moderate growth rates of approximately 3.76% in 2022 and 3.59% in 2023.
Key observations:
- From 2013 to 2023, the overall trend shows increased demand and growing market volume.
- The compound annual growth rate (CAGR) over the last five years stands at 5.93%.
- The market experienced robust growth notably between 2016 and 2019.
Future trends to watch for include potential impacts of consumer preferences towards premium and sustainable products, and shifts due to economic fluctuations. Monitoring these trends is crucial for understanding future market dynamics in Portugal's sparkling wine sector.
| # | 11 Countries | Liters | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 160,520,000 | 2023 | +2.54% | +3.15% | View data |
| 2 | 2 France | 131,380,000 | 2023 | +0.15% | -2.71% | View data |
| 3 | 3 Spain | 36,585,000 | 2023 | -0.51% | +1.48% | View data |
| 4 | 4 Portugal | 33,829,000 | 2023 | +3.59% | +5.93% | |
| 5 | 5 Sweden | 28,879,000 | 2023 | +5.95% | +4.37% | View data |
| 6 | 6 Austria | 18,908,000 | 2023 | -2.86% | -3.01% | View data |
