Sparkling Wine to Display Positive Growth in the French Wine Industry up to 2017
19 September 2013
Sparkling Wine is expected to record a positive growth in volume at a Compounded Annual Growth Rate (CAGR) of 0.5% up to 2017. Value CAGR will however decline at -0.1%. According to Canadean, the overall wine industry in France will continue to have negative growth, both in terms of value and volume, up to 2017.
Rose Wine will provide a boost to the Still wine industry in France
In order to compete with international wine brands, domestic producers have increased production of rosé wines. This has been somewhat successful, and has aided the growth in share of Still Wine. Still Wine in France recorded a value share of 66.9% and a volume share of 83.6% respectively in 2012.
Food & Drink Specialists and On Trade are the only channels to gain share for Sparkling Wine
Hypermarkets & Supermarkets have seen a decline in share at a CAGR of -0.23% for Sparkling Wine from 2009-2012. Food & Drink specialists and the On Trade channel, have instead gained share up to 2012. The share of Sparkling Wine grew at a CAGR of 1.82% with Food & Drinks specialists and 0.69% for On Trade.
The Canadean Report: ‘The Future of the Wine Market in France to 2017’ was published in June 2013.
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