The Swedish sparkling wine market has shown consistent growth over the past decade, starting from 93.797 million Euros in 2012 and reaching 249.34 million Euros in 2022. The year-on-year growth peaked at 17.6% in 2018 but has since stabilized, experiencing modest increases such as 6.7% in 2020 and 3.89% in 2022. With a five-year CAGR of 6.98%, the market has demonstrated healthy, sustained growth.
In 2023, the market size stands at approximately 259 million Euros. The most recent years show a decelerating but still positive trend, indicating a mature market with potential for targeted growth. Key observations include:
- Substantial early growth phases characterized by double-digit year-on-year increases.
- Stabilization in recent years with growth rates around 3-6%, reflecting a maturing market.
- Consistent five-year CAGR, signaling steady long-term performance.
Future trends to watch for include innovations in product offerings, emerging consumer preferences for premium and organic options, and the potential impact of economic factors on discretionary spending. Additionally, sustainability practices and e-commerce sales channels are expected to play significant roles in shaping the market landscape.
How does Sweden 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% | View data |
| 3 | 3 Spain | 511,850,000 | 2023 | +2.6% | +4.16% | View data |
| 4 | 4 Sweden | 266,850,000 | 2023 | +5.26% | +4.98% | |
| 5 | 5 Austria | 200,330,000 | 2023 | +5.38% | +2.69% | View data |
| 6 | 6 Portugal | 180,670,000 | 2023 | +2.23% | +3.28% | View data |
