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Silicon Valley Bank Releases 24th Annual State of the US Wine Industry Report // Sovos 2025 DTC Report Shows Steep Declines
January 23, 2024 - Wine Industry Insight Daily News Feed
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Today’s Most Interesting Wine Industry Data
“Unfortunately, industry-driven oversupply is not causing our current imbalance. Today’s issues are driven by reduced demand caused by unprecedented changes in consumer demographics and attitudes. For total table wine consumed in the US, the period from 1994 through the middle 2010s might make one believe there haven’t been any supply/demand imbalances given the slope of the line. But this chart represents total consumption by volume instead of total supply. When consumption drops, this chart moves negatively. There isn’t a change in the line from demand imbalances. This chart is showing consumption changes.”
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