This question is about wine industry statistics.

Is the wine industry growing?

By Zippia Team - Jun. 29, 2022

Yes, the wine industry is growing. In 2021, the global wine industry was worth $340.23 billion, and this value is expected to reach $456.76 billion in 2028, which would be a CAGR of 4.3%. While this is healthy growth, this 2021-2028 CAGR is lower than the industry's 2015 to 2019 CAGR of 5.3%.

COVID-19 negatively impacted wine sales, as premium wine sales in the U.S. shrank by 7.1% from 2019 to 2020. However, the industry seems to be well on its way to recovery, and overall wine consumption has increased.

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