The sparkling wine market in Denmark demonstrated fluctuating, yet generally positive growth over the past decade. From 2013 to 2023, the market size increased from 52.345 million euros to 80.829 million euros, characterizing a volatile growth pattern with occasional dips in value. Notably, the market saw significant year-on-year growth spikes in 2015 and 2021 at 17.5% and 17.28%, respectively. The market showed resilience post-2020 despite a temporary slowdown, reflecting recovery and increasing consumer demand.
In 2023, the sparkling wine market stood at 80.829 million euros. The year-on-year growth rates for the last two years were 3.83% in 2022 and 3.65% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years was 3.64%.
Future trends to watch for include a steady market expansion with a forecasted CAGR of 2.5% over the next five years, leading to a growth rate of 13.15% by 2028. Factors influencing this growth may include changing consumer preferences, increased disposable income, and innovative marketing strategies promoting sparkling wine consumption.
