The forecast for wine consumption per capita in Argentina indicates a decline from 2024 to 2028. Specifically, consumption is expected to decrease from 2.28 liters in 2024 to 1.83 liters by 2028. Year-on-year, the consumption is projected to drop by approximately 5.26% in 2025, 5.09% in 2026, 5.37% in 2027, and 5.67% in 2028.
The Compound Annual Growth Rate (CAGR) for the 2024-2028 period is estimated at about -5.34%. This consistent decline suggests a significant shift in wine consumption trends and possibly changing consumer preferences or economic conditions impacting expenditure on wine.
Future trends to watch for include:
- Changes in consumer preferences, with potential shifts towards other alcoholic beverages or non-alcoholic alternatives.
- Economic factors that might influence disposable income and spending on luxury items like wine.
- Marketing and promotional strategies by wine producers and retailers that could affect consumption patterns.
- Policy changes or health campaigns that could impact wine consumption levels.
