Wine Industry Demand – Market Research Blog

Wine Market expected at a CAGR of ~5.1% & US$ 846.3 Bn during the forecast period 2022–2032

The global demand for Wine Market is expected to increase at over 5.1% CAGR, surpassing US$ 846.3 Bn between 2022 and 2032. Growth in the market is attributable to increasing consumption of red wine due to its varied health benefits. Attribute Details Wine Market Estimated Size (2022) US$ 513.8 Bn Wine Market Projected Size (2032) US$ 846.3 Bn Value CAGR …

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Due to an increase in bars and lounges, the U.S. wine market has continued to grow rapidly

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