The Red Wine without PDO market in Portugal exhibited robust growth from 2013 to 2023, reaching a market size of 691.97 million Euros in 2023. Following an initial surge, the market experienced a notable upward trajectory, except for a decrease in 2020. Year-on-year growth rates fluctuated, with significant expansions until 2019. The recovery post-2020 saw consistent growth, closing the five-year period with a CAGR of 4.61% by 2023.
Future trends to watch:
- Sustainability and organic wine demand could reshape growth patterns.
- Consumer preferences might shift towards innovative wine blends.
- Economic conditions could impact discretionary spending on non-PDO wines.
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 2,242,800,000 | 2023 | -0.68% | -0.18% | View data |
| 2 | 2 Germany | 2,009,800,000 | 2023 | +4.08% | +4.15% | View data |
| 3 | 3 Portugal | 691,970,000 | 2023 | +5.18% | +4.61% | |
| 4 | 4 Sweden | 532,350,000 | 2023 | +1.31% | +2.26% | View data |
| 5 | 5 Denmark | 360,880,000 | 2023 | +0.45% | -0.21% | View data |
