Apr 6, 2025
IndexBox has just published a new report: U.S. – Sparkling Wine – Market Analysis, Forecast, Size, Trends And Insights.
The United States sparkling wine market is poised for growth, with a projected CAGR of +0.8% in volume and +1.1% in value from 2024 to 2035. This expansion is driven by increasing demand for sparkling wine in the US, indicating a promising outlook for producers and consumers alike.
Market Forecast
Driven by increasing demand for sparkling wine in the United States, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.8% for the period from 2024 to 2035, which is projected to bring the market volume to 1.2B litres by the end of 2035.
In value terms, the market is forecast to increase with an anticipated CAGR of +1.1% for the period from 2024 to 2035, which is projected to bring the market value to $11.1B (in nominal wholesale prices) by the end of 2035.
ConsumptionUnited States’s Consumption of Sparkling Wine
For the third consecutive year, the United States recorded growth in consumption of sparkling wine, which increased by 3.5% to 1.1B litres in 2024. The total consumption volume increased at an average annual rate of +1.1% from 2013 to 2024; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2018 when the consumption volume increased by 3.6% against the previous year. Sparkling wine consumption peaked in 2024 and is expected to retain growth in the near future.
The value of the sparkling wine market in the United States soared to $9.8B in 2024, growing by 20% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). Overall, the total consumption indicated a tangible increase from 2013 to 2024: its value increased at an average annual rate of +3.8% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $10.8B in 2020; however, from 2021 to 2024, consumption stood at a somewhat lower figure.
ProductionUnited States’s Production of Sparkling Wine
In 2024, production of sparkling wine increased by 1.6% to 883M litres, rising for the second consecutive year after two years of decline. Over the period under review, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by 14%. Over the period under review, production reached the peak volume at 894M litres in 2020; however, from 2021 to 2024, production remained at a lower figure.
In value terms, sparkling wine production soared to $8.4B in 2024. Overall, the total production indicated a measured increase from 2013 to 2024: its value increased at an average annual rate of +3.3% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Sparkling wine production peaked at $9.9B in 2020; however, from 2021 to 2024, production failed to regain momentum.
ImportsUnited States’s Imports of Sparkling Wine
Sparkling wine imports into the United States was estimated at 188M litres in 2024, with an increase of 11% compared with the year before. Overall, imports recorded buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of 173%. As a result, imports attained the peak of 210M litres. From 2015 to 2024, the growth of imports remained at a lower figure.
In value terms, sparkling wine imports stood at $1.7B in 2024. Over the period under review, imports saw a prominent expansion. The pace of growth was the most pronounced in 2021 when imports increased by 46%. Imports peaked at $2B in 2022; however, from 2023 to 2024, imports failed to regain momentum.
Imports By Country
In 2024, Italy (123M litres) constituted the largest sparkling wine supplier to the United States, with a 65% share of total imports. Moreover, sparkling wine imports from Italy exceeded the figures recorded by the second-largest supplier, France (38M litres), threefold.
From 2013 to 2024, the average annual rate of growth in terms of volume from Italy stood at +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+4.8% per year) and Spain (+4.0% per year).
In value terms, the largest sparkling wine suppliers to the United States were France ($888M), Italy ($684M) and Spain ($117M), with a combined 99% share of total imports.
In terms of the main suppliers, Italy, with a CAGR of +10.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices By Country
The average sparkling wine import price stood at $9.1 per litre in 2024, with a decrease of -8.8% against the previous year. Overall, the import price showed a mild contraction. The pace of growth was the most pronounced in 2015 when the average import price increased by 138%. Over the period under review, average import prices hit record highs at $11 per litre in 2013; however, from 2014 to 2024, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($23 per litre), while the price for Spain ($5 per litre) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by France (-0.1%), while the prices for the other major suppliers experienced a decline.
ExportsUnited States’s Exports of Sparkling Wine
In 2024, exports of sparkling wine from the United States reduced sharply to 4M litres, falling by -48.9% against 2023 figures. Over the period under review, exports showed a deep downturn. The pace of growth was the most pronounced in 2023 with an increase of 134%. As a result, the exports reached the peak of 7.8M litres, and then reduced remarkably in the following year.
In value terms, sparkling wine exports reduced notably to $41M in 2024. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2023 when exports increased by 90% against the previous year. As a result, the exports attained the peak of $62M, and then shrank significantly in the following year.
Exports By Country
Canada (729K litres), Panama (682K litres) and the Netherlands (388K litres) were the main destinations of sparkling wine exports from the United States, with a combined 45% share of total exports. Nigeria, the UK, Japan, Spain, Singapore, Mexico, Ghana, Hong Kong SAR, the United Arab Emirates and Colombia lagged somewhat behind, together comprising a further 32%.
From 2013 to 2024, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +44.7%), while the other leaders experienced more modest paces of growth.
In value terms, Panama ($10M), Canada ($8.6M) and the Netherlands ($5M) constituted the largest markets for sparkling wine exported from the United States worldwide, together comprising 57% of total exports. Japan, Nigeria, Singapore, the UK, Spain, Mexico, Ghana, the United Arab Emirates, Hong Kong SAR and Colombia lagged somewhat behind, together comprising a further 22%.
Spain, with a CAGR of +40.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices By Country
The average sparkling wine export price stood at $10 per litre in 2024, picking up by 31% against the previous year. Overall, export price indicated a resilient expansion from 2013 to 2024: its price increased at an average annual rate of +5.1% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the average export prices reached the peak figure at $13 per litre in 2020; however, from 2021 to 2024, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2024, amid the top suppliers, the country with the highest price was the United Arab Emirates ($18 per litre), while the average price for exports to Ghana ($3.9 per litre) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.
Source: IndexBox Market Intelligence Platform