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US Wine Market Poised to Adopt Private Label // Customers lost 500,000 wine bottles when this S.F. startup failed. Now it’s back — with one big change

November 21, 2024 - Wine Industry Insight Daily News Feed

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Today’s Most Interesting Wine Industry Data

“After 30 months of continued declines following an extraordinary and unsustainable growth rate of over +8%, spirits trends appear to be stabilizing in negative territory. Wine trends have been more stable in the negative zone for a longer period. Wine volume is currently down -7.3%, slightly improved from -7.7% in June, with revenue at -5.8% versus June’s -5.6%. To reverse these declines, continued stabilization is key. Notably, despite the challenges, spirits volume remains positive over the last five years due to high growth rates in 2020–2022.”

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