The European sparkling wine market in 2023 was strongest in France with a market value of 3.2444 billion euros, followed by the United Kingdom and Spain with values of 1.1718 billion euros and 0.51185 billion euros respectively. Notably, significant year-on-year growth was observed in Lithuania at 8.32%, Greece at 5.08%, and Sweden at 4.98%, while Hungary experienced a slight decline of -0.16%.
Looking ahead, emerging markets such as Lithuania and Greece show promising momentum with impressive growth rates, suggesting potential for further expansion. Factors like changing consumer preferences towards premium products and increasing global appeal of sparkling wine could drive future growth across diverse regions in Europe.
Top countries in Sparkling Wine Market Size Value by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 3,244,400,000 | 2023 | -0.5% | +0.38% | View data |
| 2 | 2 United Kingdom | 1,171,800,000 | 2023 | +1.2% | +1.98% | View data |
| 3 | 3 Spain | 511,850,000 | 2023 | +2.6% | +4.16% | View data |
| 4 | 4 Sweden | 266,850,000 | 2023 | +5.26% | +4.98% | View data |
| 5 | 5 Austria | 200,330,000 | 2023 | +5.38% | +2.69% | View data |
| 6 | 6 Portugal | 180,670,000 | 2023 | +2.23% | +3.28% | View data |
| 7 | 7 Denmark | 80,829,000 | 2023 | +3.65% | +3.64% | View data |
| 8 | 8 Hungary | 54,085,000 | 2023 | +0.28% | -0.16% | View data |
| 9 | 9 Lithuania | 44,634,000 | 2023 | +2.89% | +8.32% | View data |
| 10 | 10 Greece | 42,099,000 | 2023 | +5.68% | +5.08% | View data |
