The forecast for US wine production shows a steady growth from 2024 to 2028, starting at 25.15 million hectoliters in 2024 and reaching 26.08 million hectoliters by 2028. This reflects a consistent year-on-year growth, with an average annual increase of approximately 0.23 million hectoliters.
Year-on-year percentage growth includes:
- 2024 to 2025: 0.96%
- 2025 to 2026: 0.91%
- 2026 to 2027: 0.90%
- 2027 to 2028: 0.89%
For 2024, the forecast data indicates a continuing growth trend observed from previous years. The compound annual growth rate (CAGR) is around 0.90% over the five-year forecast period.
Future trends to watch for include sustainability practices influencing production methods, consumer preferences shifting towards organic wines, and potential impacts from climate change potentially affecting grape harvests and production consistency.
