The still and sparkling wine market is expected to grow in volume by 2.15 percent in the next few years. The US continues as the world’s most valuable wine market, reaching 34.8 billion dollars and 318 million cases, followed by France and China. Research predicts that China will overtake France by 2020 as the second most valuable market in the world. Similarly to other alcohol beverage growth, premium wines, priced between 10 and 20 dollars, are predicted to be the biggest driver of value growth for still and sparkling wine.
Source: IWSR, March 2019