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How Social Media Propelled the ‘Cult’ Wine World Into Absurdity // Global wine tourism to hit US$138.4bn by 2033
June 16, 2026 - Wine Industry Insight Daily News Feed
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Today’s Most Interesting Wine Industry Data
“The off-premise wine market has been characterized by a dramatic decline in sales of wines priced less than $11 per 750ml. Sales of wine priced more than $11 have been declining as well but not at the same rate. In the past year, wines priced more than $20 have shown some encouraging growth that may suggest declines in grocery stores are coming to an end. If the sales of lower-priced wines also stabilize through this year, it would be a significant win for the wine business and the most promising indicator for a return to growth.”
Source: 2026 BMO Wine Market Report
The Rest of the News
Zachys to auction ‘staggering’ cellar of New York’s most historic Italian restaurant
N.C. wine family evolving with the present while striving to establish a successful future
Ken Mattson reverses course, won’t plead guilty to fraud in criminal case, according to prosecution
Nightly glass of wine may not be as harmless as many people think, study suggests











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