Key Market Indicators
French wine revenue is projected to climb to approximately €27.7 billion by 2028, up from €22.6 billion in 2023. This marks an average annual growth rate of 3.2%. Notably, since 2013, the French wine market has seen a robust annual growth rate of 9.2%. In the international ranking, Italy, Spain, and Germany follow France as the leading markets. In terms of consumption, French wine intake is expected to remain steady at around 2.64 million metric tons by 2028, unchanged from 2023. The compound annual growth rate (CAGR) for consumption has stagnated at 0% since 2019. France was the second-largest consumer of wine in 2023, trailing only China, which also recorded consumption at 2.64 million metric tons. The United States and Italy rounded out the top four consumers. French wine production is anticipated to decrease slightly, reaching about 4.39 million metric tons by 2028, down from 4.48 million metric tons in 2023. This represents a modest annual decline of 0.3%. Since 1966, French wine production has fallen at an average annual rate of 1.7%. In 2023, France ranked as the second-largest wine producer, behind Italy, which matched France's production at 4.48 million metric tons. Spain and the United States followed in the third and fourth positions, respectively.
