Top 20 Wine Drinking Countries in the World

In This Article:

In this article, we are going to discuss the top 20 wine drinking countries in the world. You can skip our detailed analysis of the global wine market, the trends of global wine consumption, the new acquisition in the wine industry, and sustainable wine-making, and go directly to Top 5 Wine Drinking Countries in the World

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. Besides being a tipple to be enjoyed, wine is also a social signifier, a reflection of one’s tastes and personality, and a tool for building relationships. 

Global Wine Market:

According to Vantage Market Research, 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 2020, with a CAGR of 5.9% over the forecast period. 

The increasing adaptation of wine among all age groups, from youngsters to the old age population around the globe is a major factor driving the growth of the industry. Moreover, the health benefits and the premiumization of wine products, together with the innovations in the flavor and the more progressive distribution networks, are also prime factors boosting the global wine market growth. 

The United States was the world leader in the wine market in 2022 in terms of revenue, with $52.7 billion. You can also check out the U.S. States that Produce the Most Wine.

Trends of Global Wine Consumption:

The global wine consumption in 2022 was estimated to be at 232 million hectoliters, marking a decrease of 1% compared to the previous year. Since 2018, wine consumption around the world has decreased at a regular rate. This negative trend can be mainly attributed to the decline in China’s consumption, which has lost an average 2 million hectoliters per year since 2018. This downward trend was accentuated in 2020 by the Covid-19 pandemic, which negatively affected many large wine markets. 

In 2022, the war in Ukraine and the associated energy crisis, together with the global supply chain disruptions, led to a spike in costs in production and distribution. This has resulted in significant increases in wine prices for the consumers. 

New Acquisition in the Wine Industry:

Constellation Brands, Inc. (NYSE:STZ) is a leading premium wine company, with a widely admired portfolio that includes Woodbridge by Robert Mondavi, Clos du Bois, Blackstone, Estancia, Ravenswood etc. The company has followed its divestment of the Funky Buddha Brewery with the acquisition of a Californian wine brand in June.