The UK sparkling wine market has experienced fluctuations over the past decade. From 2012 to 2016, the market showed strong growth with 2014 and 2015 seeing significant increases. However, this was followed by a decline in 2016 and 2017. A slight recovery occurred in 2018 and 2019, but 2020 saw a significant drop likely due to the pandemic. The market rebounded with strong growth in 2021 and moderate growth in 2022, resulting in a 1.95% CAGR from 2017 to 2022.
Trends to watch for in the future include changing consumer preferences towards premium products, the impact of economic conditions on disposable incomes, and potential regulatory changes, especially related to sustainability and environmental impact. Additionally, innovations in production techniques and marketing strategies will play a crucial role in shaping the market.
How does the United Kingdom 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% | |
| 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 |
