The sold production value of sparkling wine of fresh grapes in Italy has shown a steady increase from 2013 to 2023, starting at 965.72 Million Euros and reaching 2438.1 Million Euros in 2023. The series depicts a significant growth trajectory, with notable jumps in certain years; for instance, from 2015 to 2017, the values soared, partially attributed to enhanced global demand.
Year-on-year variations demonstrate a fluctuating trend, peaking in 2017 with a 24.09% increase, yet slowing down slightly afterward. Between 2022 and 2023, the growth exhibited a moderate rise of 4.62% and 4.67%, respectively. The five-year compound annual growth rate (CAGR) has remained positive, with a recent period CAGR of 4.37% up to 2023, indicating sustained but slightly decelerated growth in recent years.
Forecasts from 2024 to 2028 predict continued growth, albeit at a somewhat tempered pace. The sold production value is expected to climb to 2965.8 Million Euros by 2028, reflecting a forecasted five-year CAGR of 3.1% and an overall growth rate of 16.5% within this period.
Future Trends to Watch:
- Diversifying wine portfolios to include premium and organic options.
- Expanding export markets, particularly in Asia-Pacific regions.
- Embracing sustainable and eco-friendly production methods to align with global trends.
- Monitoring consumer preferences for sparkling wine during economic fluctuations.
- Innovations in packaging and marketing strategies to appeal to younger demographics.
