In 2023, Italy led the European production of sparkling wine (excluding Champagne) with a value of €2.4952 billion, followed by Germany and Spain. The sector saw mixed growth trends: while Italy, Romania, and the UK posted year-on-year increases of 4.85%, 7.45%, and 7.07%, respectively, countries like Portugal and Bulgaria experienced significant declines. Over the past five years, the sector has undergone various changes, reflecting dynamic production capacities and market preferences across countries.
Future Trends to Watch:
The outlook for 2024 indicates potential for recovery in countries that faced declines in 2023. Rising consumer interest in diverse sparkling wines and increasing export opportunities could drive growth. Sustainability practices and innovation in production methods are likely to influence future market dynamics, leading to further diversification in Europe's sparkling wine offerings.
Top countries in Sold Production of Sparkling Wine of Fresh Grapes (Excluding Champagne) by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 2,495,200,000 | 2023 | +5.67% | +4.85% | View data |
| 2 | 2 Germany | 723,950,000 | 2021 | View data | ||
| 3 | 3 Spain | 660,540,000 | 2023 | +0.82% | +1.05% | View data |
| 4 | 4 France | 266,520,000 | 2023 | +3.4% | -1.28% | View data |
| 5 | 5 Austria | 42,861,000 | 2023 | -0.52% | -1.89% | View data |
| 6 | 6 Portugal | 36,716,000 | 2023 | -30.54% | -16.13% | View data |
| 7 | 7 Hungary | 34,283,000 | 2023 | -0.5% | -1.38% | View data |
| 8 | 8 Romania | 19,796,000 | 2023 | +2.42% | +7.45% | View data |
| 9 | 9 United Kingdom | 18,511,000 | 2023 | +4.83% | +7.07% | View data |
| 10 | 10 Lithuania | 7,587,200 | 2023 | -1.41% | -0.8% | View data |
