The Lithuanian sparkling wine market has grown steadily over the years, reaching 7.0661 million liters in 2023. The year-on-year growth from 2022 to 2023 was 1.03%, while the compound annual growth rate (CAGR) over the past five years stood at 4.46%. This indicates a consistent upward trend in consumption, especially notable since 2018, despite minor fluctuations. Significant increases in 2018 (8.58%) and 2019 (13.29%) preceded this stable growth phase.
Future trends to watch for include consumer preferences shifting toward premium brands and increasing demand driven by social gatherings and events. Additionally, the impact of economic conditions and potential shifts towards sustainability might influence market dynamics.
How does Lithuania rank in Sparkling Wine Market Size Volume?
| # | 11 Countries | Liters | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 160,520,000 | 2023 | +2.54% | +3.15% | View data |
| 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 |
| 8 | 8 Czech Republic | 9,909,200 | 2023 | +8.13% | +10.29% | View data |
| 9 | 9 Denmark | 7,884,900 | 2023 | +2.8% | +1.94% | View data |
| 10 | 10 Lithuania | 7,066,100 | 2023 | +1.03% | +4.46% | |
| 11 | 11 Luxembourg | 2,369,600 | 2023 | +1.7% | +1.64% | View data |
