This question is about wine industry statistics.

Is wine consumption increasing or decreasing?

By Zippia Team - Jun. 29, 2022

Wine consumption is increasing. In 2022, it's estimated that there will be 281 million cases of wine sold around the world, which would be worth about $33 billion and be the result of a CAGR of about 3%.

However, during the COVID-19 pandemic, premium wine sales in the U.S. shrank by 7.1% from 2019 to 2020. This accounts for only premium wines, though, and overall wine consumption is increasing even as customers aren't necessarily as willing to buy more expensive wines.

Is wine consumption increasing or decreasing?

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