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May 30, 2022 View:

Global wine market turnover to reach $381 billion by 2021

According to Winenews, Statista, a global comprehensive data repository, recently analyzed that the world wine market should reach a turnover of $381 billion in 2021, an increase of 11.9% from 2020.

Photo courtesy of: Le Wine Guest

Wine sales will grow at an average of 8.5% between now and 2025, and should already return to 2019 levels in 2021 and resume growth in 2022.

The global leader in wine consumption will continue to be the United States, which will exceed $55 billion in wine consumption by 2021.