Sparkling Wine Market Size

Sparkling Wine Market Size

The sparkling wine market was valued at USD 290.1 billion in 2024 and is predicted to register at a CAGR of 7.5% between 2024 and 2034, due to the steady per capita consumption of sparkling wine around the globe. The increasing consumption of wine has made the market grow, as it is expected that the value per liter will rise by 20% in 2030 compared to 2024. Most producers also label sparkling wine as champagne. According to the World Integrated trade solution (WITS), the exported value of wine was around USD 5.7 billion, which was around 599 million liters, with the U.S. grasping the leading share of 26.9% and the U.K. 21.6%, respectively.
 

According to the published article of European Union, in 2021 the trade value of sparkling wine grew by 29% as a result of the first year after the COVID-19 pandemic. In 2018 Europe consisted of around 74% of the global sparkling wine production, where the rest of the share was held by remaining regions, and the US held around 6% of the production.
 

But the consumption rate of Europe was around 38%, and the USA was 14%, where the rest of the share was held by the other regions. Compared to 2022, there was a decrease of 8% in 2023 in the European region as it produced 1.4 trillion liters of sparkling wine. Around 600 million liters of wine were exported in 2023 to the non-EU regions.
 

According to the surveys, females are more frequent drinkers of wine than men, as females hold 56% of the volume share in the market. Females are 10% more frequent drinkers than men. Where older than 65 years of the age group consume more amount of wine compared to 16-29, 30-49 & 50-65 years.
 

German wine is commonly loved by the consumers as it consists of rich flavors and high-quality standards. Europe has made strong marketing strategies to promote the wine globally, as they have a long tradition and consume it often on weekends and festivals.