The sold production of grape must in Italy has shown significant fluctuation from 2013 to 2023. In 2023, the value stood at 330.49 million Euros. Over the last two years, production saw a 12.36% increase in 2023 following a 30.17% decline in 2022. The Compound Annual Growth Rate (CAGR) over the past five years is 13.1%, reflecting a strong upward trend overall.
Future forecasts suggest a continued steady increase, with a projected CAGR of 2.88% from 2024 to 2028, indicating a slower but consistent growth in grape must production. The future value is expected to reach 396.32 million Euros by 2028, signifying a 15.23% growth compared to 2023.
Trends to watch for in the upcoming years include:
- Potential impacts of climate change on grape yield and quality.
- Technological advancements in viticulture improving efficiency.
- Changes in global demand for Italian wine and grape must.
