Global wine consumption could drop to 214 million hectoliters, according to data from Coface.

Global wine consumption could reach a historic low of 214 million hectoliters by the end of 2025, according to data analyzed by economists from the international company specializing in the comprehensive management of commercial credit risk Coface. Global wine production and consumption have fallen by almost 10% over ten years, although the decline is much more pronounced in Europe, where intake has dropped by 25% since 2000, the company stated in a release. In this way, European wines are losing ground in "key" markets such as the United States ...