Key Market Indicators
Consumption of red wine is expected to dip slightly in the coming years. In 2020, 23.9 million liters were consumed, and this is projected to drop to 23.4 million liters by 2026. This would be an average decrease of 0.6% year on year. Demand has decreased by 1% year on year since 2020. Spain, Germany, and the United Kingdom ranked second, third, and fourth respectively in the red wine consumption standings.
