The forecast for Canadian sparkling wine sales from 2024 to 2028 indicates a steady upward trend, starting at 73.4 million CAD in 2024 and reaching 80.08 million CAD by 2028. This translates to a noticeable increase of 9.1% over the five-year period and an average annual growth rate (CAGR) of approximately 2.27%.
In 2023, Canadian sparkling wine sales were recorded at 72 million CAD, establishing a baseline for evaluating forecasted growth. The year-on-year variations demonstrate robust consumer interest, underpinning the optimistic growth trajectory predicted for the coming years.
Future trends to watch include shifts in consumer preference towards premium and sustainable products, potential impacts from economic fluctuations, and changes in export dynamics as Canadian sparkling wines gain international recognition.
