Expansion of the Global Wine Industry is Forecast to Reach 1.1% P.A.

Date: 2015-10-13

The expansion of the global wine industry is forecast to reach 1.1% p.a. in the coming years. Between 2008 and 2014 the market increased with an average annual growth of 4.7%. Currently, sparkling grape wines account for 13.5% of the global demand while the remaining market share is divided between other grape wines (79.6%), unfermented grape must (0.4%), vermouth and other flavoured grape wines (1.4%) and other wines (5.0%).

China, Germany, Japan, Spain and the United States represent the largest wine markets while the strongest annual growth is forecast to occur in Turkey (11.7%), India (5.4%), Indonesia (4.8%), Mexico (4.6%) and Vietnam (4.5%).

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