structural shift in wine industry
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Global wine slump worsens with another Chapter 11 bankruptcy
Yahoo Finance· 2026-03-31 17:17
People around the world don't drink wine as much as they used to. "Global wine consumption has dropped sharply over the past seven years, according to a recent report from Gordon Brothers, with worldwide demand falling from 245 million hectoliters in 2017 to 214.2 million hectoliters in 2024," Vinteur reported. This marks the lowest level of wine consumption since 1961. "The United States, one of the world’s largest wine markets, is experiencing a similar trend. U.S. wine consumption is projected to de ...