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- U.S. Wine Industry Surpasses $107 Billion In 2023 Sales // Open all hours: a new era for fine wine and spirits retailing
U.S. Wine Industry Surpasses $107 Billion In 2023 Sales // Open all hours: a new era for fine wine and spirits retailing
May 16, 2024 - Wine Industry Insight Daily News Feed
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Today’s Most Interesting Wine Industry Data
In 2023, France became the world’s largest producer, overtaking Italy. While the country made over a fifth of the world’s wine last year, it shared a struggle of oversupply and falling consumption with wine regions around the world. In recent years, the French government has offered financial incentives for winemakers to destroy excess stock and pull up vines.
Source: Just Drinks, OIV
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