Global Wine Trends in 2024
Wine is part of Alcoholic Drink and includes a number of sub-sectors such as Red Wine and Sparkling Wine. You may also be interested in Beer and Spirits.
Global wine consumption is projected to decline slightly over the next five years, falling from 22,700 thousand metric tons in 2023 to 22,450 thousand metric tons by 2028. This represents an average annual decrease of 0.2%. Since 2019, global demand has similarly decreased by 0.2% each year. In 2023, China emerged as the leading consumer of wine, with consumption reaching 2,780 thousand metric tons. France, the United States, and Italy followed, occupying the second, third, and fourth spots respectively. Notably, Latvia saw a significant increase in wine consumption, rising by 7.4% year-over-year. In contrast, Thailand experienced a substantial decline, with consumption dropping by 19.7% annually since 2019. Global wine production is expected to see modest growth, increasing from 28,366,000 metric tons in 2023 to 28,653,000 metric tons by 2028. This represents an average annual growth rate of 0.2%. However, since 1966, the global supply has decreased by 0.5% each year. Italy continues to lead in wine production, producing 5,409,100 metric tons in 2023. France, Spain, and the United States followed, ranking second, third, and fourth respectively. Belgium recorded a year-over-year increase of 5.5% in wine production, while Syria saw a dramatic decline of 29.9% annually since 1966. The European wine market is set to experience robust growth, with revenue projected to reach €60,470 million by 2028, up from €52,490 million in 2023. This represents an average annual growth rate of 2.9%. Since 2019, the European market has grown by 5.2% each year. In terms of wine revenue, France led the pack in 2023 with €22,600 million. Italy, Spain, and Germany followed, ranking second, third, and fourth respectively. Serbia saw a significant increase in revenue, jumping by 14.7% year-over-year. Conversely, Croatia experienced a slight decline, with revenue decreasing by 1.1% annually since 2019.
Top 10 countries
In 2024 major markets in the Wine Industry were:
World Wine Market Data and Forecasts
How much the Wine industry is expected to grow to 2028?
World Wine Top Rankings
Global Wine Statistics
- Wine Export 226 countries (Europe, Western Europe, Southern Europe...)
- Wine Import 212 countries (Europe, Western Europe, Africa...)
- Wine Consumption 210 countries (Africa, Sub-Saharan Africa, Latin America...)
- Wine Production 102 countries (Europe, Southern Europe, Western Europe...)
- Sparkling Wine Import 185 countries (Africa, Sub-Saharan Africa, Latin America...)
- Sparkling Wine Export 161 countries (Europe, Africa, Latin America...)
- Spirits Import 185 countries (Africa, Sub-Saharan Africa, Europe...)
- Alcoholic Drink Import 228 countries (Europe, Latin America, Asia...)
- Spirits Export 156 countries (Europe, Africa, Sub-Saharan Africa...)
- Alcoholic Drink Export 239 countries (Europe, Latin America, Asia...)
