Sparkling Wine Market 2024: Analyzing Trends & Opportunities

The global sparkling wine market has evolved from being primarily associated with celebrations to becoming a popular choice for regular consumption, driven by shifting consumer preferences and a broader appreciation for wine diversity. Sparkling wine varieties, including Champagne, Prosecco, Cava, and Crémant, each offer unique flavors and price points that cater to a range of tastes and occasions. 

Sparkling Wine Market Statistics (2024)	Predictions and Insights	Source
1. In 2022, Australia imported sparkling wines worth 266 million USD worldwide.	This highlights a growing domestic demand for high-quality and diverse sparkling wine selections, positioning the country as a key market for international producers.	Contact us to view the source.
2. Belgium imported sparkling wine worth 319 million USD in 2022.	Belgium’s strong import demand for sparkling wine suggests that imports could surpass $350 million in the coming years as consumer interest in premium and diverse sparkling wine options grows.	Contact us to view the source.
3. In 2023, sparkling wine production hit a record 22 million bottles, reflecting the industry’s rapid growth. English sparkling wines have gained international acclaim, with exports reaching 35 countries.	English sparkling wine exports will likely continue growing, potentially reaching new markets as global demand for premium and diverse sparkling wines increases.	Contact us to view the source.

Sparkling Wine Market – Key Takeaways

The sparkling wine market is poised for sustained growth, fueled by increased consumption, product innovation, and expanding reach into new demographics and global markets. As traditional regions maintain their stronghold, newer producers and brands add variety and innovation, meeting the demand for quality and diversity.