The European Sparkling Wine market shows a diverse landscape in 2023, with France dominating at 55.6 Euros, followed by the UK at 20.08 Euros. Spain takes the third spot at 8.77 Euros, with Sweden and Austria contributing 4.57 and 3.43 Euros respectively. Portugal, Denmark, and smaller markets like Hungary and Lithuania display modest shares. Most countries witnessed growth, with Lithuania leading at 8.32%, while Hungary slightly declined by 0.16%. Year-on-year growth signals emerging opportunities in less saturated markets.
Future trends indicate a growing affinity for sparkling wines across Europe, with increasing domestic consumption and demand for premium products driving sector growth. Emphasis on sustainable practices and new market entries are pivotal factors to monitor.
Top countries in Sparkling Wine Market Size Value Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 55.6 | 2023 | -0.5% | +0.38% | View data |
| 2 | 2 United Kingdom | 20.08 | 2023 | +1.2% | +1.98% | View data |
| 3 | 3 Spain | 8.77 | 2023 | +2.6% | +4.16% | View data |
| 4 | 4 Sweden | 4.57 | 2023 | +5.26% | +4.98% | View data |
| 5 | 5 Austria | 3.43 | 2023 | +5.38% | +2.69% | View data |
| 6 | 6 Portugal | 3.1 | 2023 | +2.23% | +3.28% | View data |
| 7 | 7 Denmark | 1.39 | 2023 | +3.65% | +3.64% | View data |
| 8 | 8 Hungary | 0.93 | 2023 | +0.28% | -0.16% | View data |
| 9 | 9 Lithuania | 0.76 | 2023 | +2.89% | +8.32% | View data |
| 10 | 10 Greece | 0.72 | 2023 | +5.68% | +5.08% | View data |
