20 Wines that aren’t Cheap but are Worth the Price

In This Article:

In this article, we are going to discuss the 20 wines that aren’t cheap but are worth the price. You can skip our detailed analysis of the global wine market, wine tourism in the United States, and the rise of non-alcoholic wine, and go directly to 5 Wines that aren't Cheap but are Worth the Price

In ancient times, due to the scarcity of water, wine had become an essential need rather than a luxury, so it came to symbolize sustenance and life. The drink has had such a tremendous cultural impact on human society that it even played an important role in several religions and rituals around the world. The Egyptians had Hathor, the goddess of wine, while the Greeks had Dionysus as their patron of wine and pleasure. For Romans, it was a gift from Jupiter. In the East, wine has its place on Japanese shrines, as well as the ceremonial altars of China. Perhaps it truly is a gift from the gods. 

Global Wine Market:

Wine is one of the Most Consumed Alcohols in the World. As we mentioned in our article – Top 20 Wine Producing Countries in the World – the global wine market size was valued at $441.6 billion in 2022 and is projected to reach a value of $698.54 billion by 2030, with a CAGR of 5.9% over the forecast period. 

Wine is gaining huge popularity among millennials and youngsters, owing to its refreshing appeal and low ABV offerings. The rising demand for premium and luxury wines, increasing consumer awareness about the health benefits of wine, and growing popularity of wine tourism are some of the key factors driving the growth of the wine market.

The United States was the world leader in the wine market in 2022 in terms of revenue, with $52.7 billion. Here are the U.S. States that Drink the Most Wine.

Wine Tourism in the United States: 

People travel around the world for different reasons. Some travel to explore new cultures, learn new languages, admire unique locations, and some to drink wine. Among several types of modern tourism, wine tourism is a new concept with a focus on exploring wine cultures around the world. 

The U.S. wine industry is a major magnet for tourists and tourism-driven expenses. According to WineAmerica, the country’s ‘wine country’ regions generated 49.18 million tourist visits and $16.69 billion in tourism expenditures in 2022, benefiting local economies and tax bases. 

Based in California, The Duckhorn Portfolio, Inc. (NYSE:NAPA) makes wines and calls itself a manufacturing company, agricultural company, and marketing company all rolled into one. In addition to its wineries or brands, the company owns approximately 1,100 vineyard acres (15+ unique sites ranging in size from 5 acre parcels up to 75 acres) with a total annual production of over 900,000 cases. For those who love great Merlot, Cabernet Sauvignon, Sauvignon Blanc, and Chardonnay, a trip to Duckhorn Vineyards has long been recognized as one of the preeminent Napa Valley tasting experiences. With its vibrant gardens and sophisticated tableside wine service, The Duckhorn Portfolio, Inc. (NYSE:NAPA)’s classically beautiful Estate House sets the standard for attentiveness and refinement.