Forecast: Quality Wine Production in Italy

Quality wine production in Italy stood at 8.73 billion Euros in 2023. Historically, the industry has seen fluctuations, marked by significant year-on-year variations. Recent data shows a growth of 8.85 billion Euros in 2024 from 8.73 billion Euros in 2023, representing a slight increase. Year-on-year variation has been volatile, with notable drops in 2017 and 2019 but a surge in 2018 and 2022. The last five years suggest an average annual CAGR of approximately 1.36%, with an overall 7% growth rate projected for 2028.

Future trends to watch include:

  • Sustainable and organic wine production methods gaining traction.
  • Increased demand for premium and rare vintage wines in global markets.
  • Technological advancements in viticulture and vinification to improve both yield and quality.
  • Potential impacts from climate change altering grape growing conditions.

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