Global Wine Consumption Hits Six-Decade Low Amid Rising Inflation Concerns
Global wine consumption hit its lowest point in over six decades, declining by 3.3% last year, according to the International Organisation of Vine and Wine (OIV). The total consumption dropped to 214 million hectoliters in 2024, marking the third consecutive year of decline. The downturn is primarily attributed to inflation impacting consumers’ purchasing power, alongside… Read More »