The sparkling wine market in Portugal experienced a fluctuating trend from 2013 to 2023. By 2023, the market value had reached 180.67 million Euros. Over the previous two years, the market showed moderate growth with a 2.31% increase in 2022 followed by a 2.23% increase in 2023. Analyzing the five-year period, the CAGR stands at 3.28%, reflecting a steady yet cautious growth trajectory after fluctuations in the preceding years.
Future trends to watch for include:
- Increasing consumer preference for premium and organic sparkling wines.
- Potential impacts of economic factors and inflation on consumer spending.
- Technological advancements in production improving efficiency and product quality.
- International trade dynamics influencing imported and exported sparkling wine volumes.
| # | 12 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% | |
| 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 |
