The 2023 European sold production of quality wine and grape must with a Protected Designation of Origin showed France leading the market with a production valued at 3.1577 billion Euros, followed by Spain and Italy. Over the previous year, France and Germany saw slight declines while Italy and Spain experienced notable growth. Bulgaria faced the most significant drop. The CAGR indicates a general trend of growth led by Italy and Serbia, while countries like Hungary, Greece, and Austria see consistent declines.
Future trends to watch include potential recovery in France and expansion in Italy's market share. Strong consumer interest in quality wine and brand recognition of Protected Designation of Origin labels may drive growth. Environmental challenges and regulatory changes could impact overall production. Monitoring climate impact and investment in sustainable practices will become increasingly critical. Harmonization of wine regulations across the European Union might standardize and potentially boost growth in the sector.
Top countries in Sold Production of Quality Wine and Grape Must with a Protected Designation of Origin by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 3,157,700,000 | 2023 | -0.87% | -1.71% | View data |
| 2 | 2 Spain | 2,418,800,000 | 2023 | +4.61% | +1.42% | View data |
| 3 | 3 Italy | 2,298,800,000 | 2023 | +3.28% | +4.77% | View data |
| 4 | 4 Portugal | 246,810,000 | 2023 | +2.93% | +2.12% | View data |
| 5 | 5 Germany | 195,010,000 | 2023 | +6.54% | -1.27% | View data |
| 6 | 6 Hungary | 59,242,000 | 2023 | +0.27% | -2.79% | View data |
| 7 | 7 Romania | 43,851,000 | 2023 | +0.39% | -4.19% | View data |
| 8 | 8 Greece | 24,451,000 | 2023 | +3.21% | -3.44% | View data |
| 9 | 9 Croatia | 24,110,000 | 2023 | +0.059% | +1.23% | View data |
| 10 | 10 Czechia | 17,258,000 | 2023 |
