Italy's wine processing industry has shown mixed trends over the past decade. After initial growth from 2014 to 2016, the sector experienced a significant decline in 2017, followed by a notable rise in 2018. Since 2019, the industry has mostly stabilized with moderate year-on-year increases, standing at 520.0 thousand metric tons in 2023. The compound annual growth rate (CAGR) over the last five years shows a slight decline.
Future trends to watch for:
- Continued moderate growth, reflected by a forecasted CAGR of 1% through 2028.
- Potential market volatility due to environmental factors affecting grape production.
- Increasing emphasis on sustainable and organic wine production.