In 2023, the import value of sparkling grape wines to the US stood as a reference point for subsequent forecasts. From 2024 to 2028, import values are projected to grow steadily, with a notable trend reflecting increased demand. Year-on-year growth rates range modestly, highlighting a consistent upward trend in consumption. Over the next five years, the compound annual growth rate (CAGR) indicates a healthy expansion in the sparkling grape wine market.
Future trends to watch include:
- Shifts in consumer preferences towards premium and sustainable brands
- Impact of economic conditions on import costs and retail prices
- Potential influence of new trade agreements or tariffs on international wine trade