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Wine in the US: A fraught evolution // USA Has Become the World’s Leading Market by Value

June 6, 2024 - Wine Industry Insight Daily News Feed

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Today’s Most Interesting Wine Industry Data

A significant portion of total market volume declines last year were driven by retailers, wholesalers, and even consumers reducing excess inventory. As inventories normalized this year, the market is expected to revert to levels seen prior to the pandemic. The volume of traditional spirits dropped by 8% in the past year, revealing that declines in 2023 were not unique to wine and indicative of disruptions across the total beverage alcohol market.

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