The UK sparkling wine market has shown impressive growth since 2013. By 2023, production reached 1,097.1 thousand liters, driven by a strong CAGR of 18.14% over the last decade. Year-on-year (YoY) variations have fluctuated, peaking at 42.6% in 2017, followed by steadier growth rates. Recent years exhibited moderate increases, with YoY growth of 5.18% in 2023, backed by a 7.87% CAGR over the previous five years. The market forecast indicates continuous growth, with a forecasted 5-year CAGR of 3.59%, leading to a 19.28% total increase by 2028.
Future trends to watch for:
- Sustainability initiatives in production processes.
- Potential impacts of climate change on grape harvests.
- Shifting consumer preferences toward premium and organic sparkling wines.
- Increasing competition from international sparkling wine producers.
