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Daily Newsletter

15 April 2024

Daily Newsletter

15 April 2024

Constellation Brands expects “reset year” to turn around wine, spirits business

The US company’s wine-and-spirits division’s organic net sales sank 9% in its fiscal 2024.

Henry Mathieu April 12 2024

Credit: Irik Bik / Shutterstock.com

The US company’s wine-and-spirits division’s organic net sales sank 9% in its fiscal 2024.

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GlobalData's latest report brings together multiple data sources to provide a comprehensive overview of the global wine sector, analyzing data from 107 countries. The global wine sector was valued at $346.8 billion in 2022 and is expected to register a CAGR of 8.8% during 2022–27. Western Europe led the global wine market with a 49.5% market share, followed by the Americas in 2022.

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Global Wine Market Analysis

GlobalData's latest report brings together multiple data sources to provide a comprehensive overview of the global wine sector, analyzing data from 107 countries. The global wine sector was valued at $346.8 billion in 2022 and is expected to register a CAGR of 8.8% during 2022–27. Western Europe led the global wine market with a 49.5% market share, followed by the Americas in 2022.

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