The sparkling wine market in Luxembourg reached a value of 31.163 million euros in 2023. The market has seen fluctuations over the years, with notable year-on-year variations—recently modest growth at approximately 1.39% from 2022 to 2023. Over the last five years, the market has experienced an average annual growth rate of 1.13%.
Future trends to watch for include:
- Potential post-pandemic consumption recovery.
- Consumer preferences for premium products.
- Increasing competition from non-traditional markets.
How does Luxembourg rank in Sparkling Wine Market Size Value?
| # | 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 |
| 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 |
| 11 | 11 Luxembourg | 31,163,000 | 2023 | +1.39% | +1.13% | |
| 12 | 12 Bulgaria | 6,916,000 | 2023 | +3.75% | +3.65% | View data |
