In 2023, France led the European sparkling wine market with a production value of 5.57 billion euros, followed by Italy at 2.44 billion euros. Germany and Spain lagged significantly behind at 0.69 billion euros and 0.68 billion euros respectively. Notable year-on-year variations include Italy's growth at 4.37%, driven by its prosecco industry, and Romania's standout increase of 8.7%. Portugal, however, experienced a decline of 8.69%. Over the last five years, growth in volume and value has been moderate across most countries, with Italy showcasing the highest CAGR due to global demand for prosecco.
Future trends to watch include the impact of climate change on grape cultivation, increasing demand for sustainable production practices, and the potential for emerging markets within Europe to boost production. Additionally, innovation in production methods and changing consumer preferences might influence the competitive dynamics among these countries.
Top countries in Sold Production of Sparkling Wine of Fresh Grapes by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 5,570,600,000 | 2023 | +5.23% | +1.49% | View data |
| 2 | 2 Italy | 2,438,100,000 | 2023 | +4.67% | +4.37% | View data |
| 3 | 3 Germany | 686,900,000 | 2023 | -2.8% | View data | |
| 4 | 4 Spain | 684,400,000 | 2023 | +1.47% | +1.77% | View data |
| 5 | 5 Portugal | 56,168,000 | 2023 | +2.59% | -8.69% | View data |
| 6 | 6 Austria | 53,454,000 | 2023 | +2.45% | +2.54% | View data |
| 7 | 7 Hungary | 35,522,000 | 2023 | +0.26% | -0.68% | View data |
| 8 | 8 Romania | 20,971,000 | 2023 | +3.55% | +8.7% | View data |
| 9 | 9 United Kingdom | 18,847,000 | 2023 | +5.16% | +7.45% | View data |
| 10 | 10 Slovakia | 14,457,000 | 2023 | +7.47% | View data |
