The analysis of the wine non-food use in Australia from 2014 to 2028 reveals a fluctuating trend in the actual data with values as low as 82.0 thousand metric tons in 2016 and as high as 140.0 in 2017. In 2023, the value remained constant at 131.0 thousand metric tons. The year-on-year variations showed significant changes with some years experiencing substantial declines, such as 2016 (-28.07%) and other years seeing notable increases, such as 2017 (70.73%). The CAGR for the last five years up to 2023 was 0.31%, indicating a slow but steady growth. Future projections up to 2028 suggest a stable and slight upward trend with a forecasted 5-year CAGR of 0.3%, reflecting a cumulative growth rate of 1.52% over the forecast period.
Future trends to watch for include innovations in wine by-products for industrial and health applications, as well as the impact of environmental policies on production practices. Additionally, a close eye on global economic factors and their influence on export markets will be critical in understanding potential fluctuations in non-food wine use.
