The sparkling wine market size by volume in Denmark exhibited fluctuations over the years. From 2012 to 2018, the market generally grew, peaking in 2018 at 7.1633 million liters. The period from 2019 to 2022 saw more mixed results, with slight declines and recoveries, and the volume stood at 6.9824 million liters by 2022. Notable year-on-year variations include a significant increase of 13.46% in 2018, followed by a decline of 7.48% in 2019, and a recovery year in 2022 with an increase of 6.76%. The compound annual growth rate (CAGR) over the last five years was 2.04%, indicating modest growth.
Future trends to watch for in the Danish sparkling wine market include potential impacts from economic conditions, changing consumer preferences towards premium and organic products, and effects of global trade policies. Market players may also observe emerging trends in on-trade consumption and the growing popularity of wine tourism, which could influence sales and demand patterns.
How does Denmark 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% | View data |
| 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 |
| 7 | 7 Hungary | 14,365,000 | 2023 | +0.57% | -2.24% | View data |
| 8 | 8 Czech Republic | 9,909,200 | 2023 | +8.13% | +10.29% | View data |
| 9 | 9 Denmark | 7,884,900 | 2023 | +2.8% | +1.94% | |
| 10 | 10 Lithuania | 7,066,100 | 2023 | +1.03% | +4.46% | View data |
| 11 | 11 Luxembourg | 2,369,600 | 2023 | +1.7% | +1.64% | View data |
