Analyzing the data on sold production of sparkling wine of fresh grapes in Austria, we observe a general upward trend over the years, despite some fluctuations. By 2023, the production reached 53.454 million Euros, marking an increase in comparison to previous years.
Since 2018, the market has experienced notable variations:- 2018: +6.83%- 2019: -15.58%- 2020: -1.63%- 2021: +31.88%- 2022: +1.04%- 2023: +2.45%
The Compound Annual Growth Rate (CAGR) over the last five years was 2.54%, reflecting a steady but modest increase in market size.
Future trends to watch for:- The market is forecasted to continue growing with a CAGR of 1.74% over the next five years.- By 2028, the production value is expected to reach 59.648 million Euros.- Potential market shifts may arise from changes in consumer preferences and new production technologies.
