Australian wine sales remain steady despite the lowest production in 15 years, driven by a slight increase in domestic sales. US wine consumers express a desire for ingredient and nutrition labeling, leading to a trend of health and wellness in the wine industry. Wine consumption in India is increasing, with a growing market valued at $238 million, driven by the emergence of new wineries and the introduction of wine certification programs. The global residential wine cabinets market is expected to experience significant growth from 2023 to 2030, while the global wine and spirits market is forecasted to grow due to increased demand for craft drinks and new product launches.

Wine Industry Growth and Trends