Between 2012 and 2022, the Swedish sparkling wine market experienced significant growth. Starting at 10.432 million liters in 2012, it reached 27.419 million liters in 2022. The market saw substantial year-on-year growth particularly between 2014 and 2018, with growth rates peaking at 20.41% in 2014. However, 2021 witnessed a decline of 6.01%, likely due to market corrections or external factors. Despite this, the market recovered in 2022 with a 7.08% increase. The most recent 5-year CAGR ending in 2022 stood at 8.79%, indicating a solid upward trend.
Future trends to watch for:
- Emerging consumer preferences for premium and organic sparkling wines.
- Potential impact of economic factors and inflation on consumer spending habits.
- Growing influence of sustainability and eco-friendly packaging on purchasing decisions.
- Expansion of e-commerce and digital sales channels influencing market dynamics.
How does Sweden rank in Sparkling Wine Market Size Volume?
| # | 11 Countries | Liters | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 160,520,000 | 2023 | +2.54% | +3.15% | View data |
| 2 | 2 France | 131,380,000 | 2023 | +0.15% | -2.71% | View data |
| 3 | 3 Spain | 36,585,000 | 2023 | -0.51% | +1.48% | View data |
| 4 | 4 Portugal | 33,829,000 | 2023 | +3.59% | +5.93% | View data |
| 5 | 5 Sweden | 28,879,000 | 2023 | +5.95% | +4.37% | |
| 6 | 6 Austria | 18,908,000 | 2023 | -2.86% | -3.01% | View data |
| 7 | 7 Hungary | 14,365,000 | 2023 | +0.57% | -2.24% | View data |
