From 2013 to 2023, the sparkling wine market in Spain experienced various fluctuations. After a decline between 2013 and 2014, it rebounded and demonstrated consistent growth from 2016 onwards, with an annual increase peaking at 9.4% in 2021. In 2023, the market value stood at 511.85 million Euros, with a moderate growth rate of 2.6% over the previous year. The compound annual growth rate (CAGR) over the last five years has been strong at 4.16%.
For future trends, between 2024 and 2028, the market is forecasted to grow at a slower pace, with a CAGR of 1.84% resulting in a total growth rate of 9.54% over these five years. This suggests a steady but decelerating growth rate compared to the past decade. Key factors to watch for include consumer preferences, economic conditions, and potential innovations in the sparkling wine sector.
