Global wine sector to grow 5% in five years

05 February, 2013

World wine consumption is forecast to grow 5.3% in the period 2012-2016, according to IWSR research  presented by Vinexpo today at a London press conference.

Wine sector growth will come from the likes of China - which is forecast to be 39.7% up and is now the fifth largest consumer of wine - Russia - which is expected to increase 17.8%, taking it ahead of Argentina into 8th - and the US - which despite being the largest consumer of wine in the world, will grow a further 12.2% by 2016.

By 2016, France - which is predicted to drop -2.9% to 300.9m 9-litre cases - will maintain its position as the second largest consumer of wine, while Italy - down 4.89% between 2012-2016 - is expected to be beaten by Germany (3.5% up) into third.  

Sparkling wine, now 7.7% of total consumption, is expected to be the fastest growing style with an increase of 8.5% during 2012-2016.

The UK will overtake Germany as the world’s top destination for sparkling wine.

But the world still prefers red wine, according to the IWSR, with the style accounting for 54.7% of the total. 





Digital Edition

Drinks International digital edition is available ahead of the printed magazine. Don’t miss out, make sure you subscribe today to access the digital edition and all archived editions of Drinks International as part of your subscription.

Comment

La'Mel Clarke

Service isn’t servitude: the skill of hosting

La’Mel Clarke, front of house at London’s Seed Library, looks at the forgotten art of hosting and why it deserves the same respect as bartending.

Instagram

Facebook