Wineries in the US - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

Pop the cork: Demand for wine will rise as consumers return to on-premise spaces

Wineries struggled to maintain consistent growth, with the pandemic helping and hindering. Nonessential business closures limited tasting rooms or on-site bars and reduced sales to restaurants and other on-premise markets. Even at the retail level, some price-conscious consumers opted for relatively less expensive products like beer in place of wine. When restaurants and other on-premise locations reopened, wine sales boomed, reversing a years' long declining trend. Revenue has increased at a CAGR of 0.9% to $26.1 billion through 2023, despite a 3.4% decline in 2023 alone.

The Wineries industry consists of companies engaged in at least one component of the winemaking process. This process includes growing and harvesting grapes, crushing and pressing grapes into unfermented wine and fermenting the wine. The industry also produces wine blends, brandies and wines made from other fruit sources.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.