Benchmark International 
Benchmark International 
The global wine industry is enjoying a ripe comeback following a few challenging years due to restrictions from the COVID-19 pandemic. The strong comeback is expected to sustain into the future. In 2023, the global wine market is valued at $333 billion and is expected to grow annually at a compound annual growth rate (CAGR) of 5.2% between now and 2027. By 2027, a little over half of all spending, and 26% of volume consumption, will be for out-of-home consumption (e.g., in bars and restaurants).
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