In 2023, the European market for vermouth and other flavored wines showed a diverse landscape. Italy led with a 39.43% share, although it faced a slight decline of 2.03%. Spain, with a 35.91% share, grew by 1.28%, and France followed with 19.6%, increasing by 1.66%. Growth was significant in Bulgaria at 33.98%, while Finland also saw substantial growth at 6.97%. In contrast, Sweden decreased by 7.01%, and Denmark dramatically fell by 20.8%. Lithuania and Estonia experienced notable declines, particularly Estonia with a staggering reduction of 55.73%.
Looking ahead, the production landscape may witness shifts due to evolving consumer preferences and economic conditions. Innovations in flavors and marketing strategies may drive growth in emerging markets. Vigilance on environmental, regulatory, and trade factors is crucial for optimizing production strategies.
Top countries in Sold Production of Vermouth and Other Flavoured Wine of Fresh Grapes Share by Country (Liters)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 39.43 | 2023 | -3.01% | -2.03% | View data |
| 2 | 2 Spain | 35.91 | 2023 | +2.45% | +1.28% | View data |
| 3 | 3 France | 19.6 | 2023 | +6.4% | +1.66% | View data |
| 4 | 4 Finland | 1.85 | 2023 | +6.4% | +6.97% | View data |
| 5 | 5 Romania | 1.4 | 2023 | -1.31% | +2.01% | View data |
| 6 | 6 Sweden | 0.97 | 2023 | -1.18% | -7.01% | View data |
| 7 | 7 Bulgaria | 0.64 | 2023 | +2.94% | +33.98% | View data |
| 8 | 8 Lithuania | 0.23 | 2023 | -7.86% | -8.44% | View data |
| 9 | 9 Denmark | 0.073 | 2023 | +26.57% | -20.8% | View data |
| 10 | 10 Estonia | 0 | 2023 | 0% | -55.73% | View data |
