From 2013 to 2023, the sparkling wine market in Lithuania shows an upward trend, reaching a market size of 44.634 million Euros in 2023. Recent years have witnessed a slowdown in growth with a 2.89% increase in 2023 following a 2.95% rise in 2022. The five-year compound annual growth rate (CAGR) stands at 8.32%, indicating substantial market expansion over this period.
Future trends to watch for:
- The impact of evolving consumer preferences for premium and organic sparkling wines.
- Changing import-export dynamics due to trade agreements and regulations.
- Potential influences of global economic conditions on consumer spending power in Lithuania.
| # | 12 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 3,244,400,000 | 2023 | -0.5% | +0.38% | View data |
| 2 | 2 United Kingdom | 1,171,800,000 | 2023 | +1.2% | +1.98% | View data |
| 3 | 3 Spain | 511,850,000 | 2023 | +2.6% | +4.16% | View data |
| 4 | 4 Sweden | 266,850,000 | 2023 | +5.26% | +4.98% | View data |
| 5 | 5 Austria | 200,330,000 | 2023 | +5.38% | +2.69% | View data |
| 7 | 7 Denmark | 80,829,000 | 2023 | +3.65% | +3.64% | View data |
| 8 | 8 Hungary | 54,085,000 | 2023 | +0.28% | -0.16% | View data |
| 9 | 9 Lithuania | 44,634,000 | 2023 | +2.89% | +8.32% | |
| 10 | 10 Greece | 42,099,000 | 2023 | +5.68% | +5.08% | View data |
| 11 | 11 Luxembourg | 31,163,000 | 2023 | +1.39% | +1.13% | View data |
