The UK sparkling wine market has experienced significant fluctuations from 2012 to 2022. The market demonstrated consistent growth between 2012 and 2016, peaking significantly in 2014 with a 40.79% increase year-on-year. This trend continued, albeit with smaller year-on-year variations until 2016. From 2017, the market saw a slight decline, with notable drops in 2017 and 2020. However, recovery was observed in 2021 with a 23.84% increase, closing at 152.49 million liters in 2022. The last five years had a compound annual growth rate (CAGR) of 2.21%, reflecting moderate growth.
Future trends to watch for include potential shifts due to changing consumer preferences towards low or non-alcoholic sparkling wines, the impact of economic factors such as inflation on disposable income, and sustainability concerns driving demand for locally produced sparkling wines. Additionally, the influence of post-Brexit trade agreements on imported sparkling wine prices will be a critical factor for market dynamics.
| # | 11 Countries | Liters | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 160,520,000 | 2023 | +2.54% | +3.15% | |
| 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% | View data |
