Wine

Sparkling wine beats Champagne, historic overtaking in the US

Sales of Italian-made sparkling wines exceed those of France according to the latest data from the UIV-Vinitaly Observatory at the opening of Vinitaly USA in Chicago

by Giorgio dell'Orefice

2' min read

2' min read

A new important achievement for Italian wine in what is the main foreign outlet market: the USA. In the United States, in fact, Italian sparkling wines have overtaken French ones not only in volume (a goal already achieved a few years ago) but also in value for the first time. This is revealed - on the eve of Vinitaly.Usa (Chicago, 20-21 October) - by the analysis of the UIV-Vinitaly Observatory on August SipSource data that will be presented on the occasion of the first overseas fair entirely dedicated to Made in Italy wine.

The historic overtaking, recorded through the monitoring of actual wine sales found by US distributors, marks the switch in the leadership of sparkling wines, with Italy seeing its market share rise to 35% against 31% for the transalpines and 28% for American sparkling wines.

Loading...

A goal - notes the Observatory - achieved above all thanks to the unstoppable rise of Prosecco, which, not by chance, managed to catch up with and surpass Champagne for the first time (28% vs. 26% respective market shares).

The success of the appellation is reflected in the performance of the entire made-in-Italy sparkling wine typology, which in turn has overtaken white wines in the Italian wine offering. Sparkling wines now account for 37% of Italian sales in value in the US (35% in volume).

A trend that is also important for another reason: between January and August, Italian sparkling wines are the only ones to have increased sales volumes (+1.5% against an overall average of sparkling sales down 13%).

The motivation lies in the strong presence of Italian sparkling wines in cocktails andmixology. 

Even in the Prosecco-Champagne head-to-head, there was no history this year: +2.2% the trend in the first 8 months of 2024 for Italy's most famous bubbles, -15.3% for the French luxury symbol. 

It is no coincidence that at Vinitaly USA that is about to open in Chicago with over 230 Italian wineries present Italian Trade Agency will devote ample space to market themes, with a 2-day focus scheduled in the Wine business forum.

Last year, Italian sparkling wine reached 936 million bottles marketed worldwide. In the last 10 years, exports of Italian sparkling wine around the world have practically tripled, with value growth in the USA of 351% to almost EUR 500 million in 2023.

Copyright reserved ©
Loading...

Brand connect

Loading...

Newsletter

Notizie e approfondimenti sugli avvenimenti politici, economici e finanziari.

Iscriviti