The sparkling wine market in France experienced fluctuations over the past decade, reaching its highest volume in 2013 at 189.58 million liters, before declining steadily to 128.12 million liters by 2022. The market saw significant downturns starting from 2017, with the largest year-on-year decrease of 13.02% occurring in 2018, largely attributed to shifting consumer preferences and competitive market dynamics. The last two years showed minor fluctuations, with a slight recovery in 2021 (+3.18%) followed by another decline in 2022 (-3.9%). The Compound Annual Growth Rate (CAGR) over the past five years has been -5.86%, indicating an overall downward trend.
Future trends to watch for in the sparkling wine market include potential recovery driven by innovative product offerings and marketing strategies aimed at younger consumers. Other factors to monitor are economic conditions impacting disposable incomes and global trends in health consciousness, which might drive interest in lower-alcohol or organic sparkling wines.
How does France rank in Sparkling Wine Market Size Volume?
| # | 11 Countries | Liters | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 160,520,000 | 2023 | +2.54% | +3.15% | View data |
| 2 | 2 France | 131,380,000 | 2023 | +0.15% | -2.71% | |
| 3 | 3 Spain | 36,585,000 | 2023 | -0.51% | +1.48% | View data |
| 4 | 4 Portugal | 33,829,000 | 2023 | +3.59% | +5.93% | View data |
| 5 | 5 Sweden | 28,879,000 | 2023 | +5.95% | +4.37% | View data |
