Global wine consumption has undergone a "structural shift", with white and rosé wines now surpassing red in popularity, largely driven by the success of sparkling wine such as Italian Prosecco, according to the (OIV). Read More
wine consumption
ProWine Shanghai, the esteemed trade fair, prepares to celebrate a decade of industry influence from November 8th to 10th. Read More
How did the world's top wine consumers perform between 2009 and 2022? See the changes in one chart. Read More
China’s dwindling wine consumption is directly responsible for dragging down global wine consumption, according to OIV, as the associaiton estimates that China has been drinking … Read More
South Korea’s leading retail giant Lotte is eyeing to purchase domestic and foreign wineries in an effort to beef up its wine business, bolstered by the country’s fast-expanding domestic wine market. Read More
While imported wines suffered a nosedive last year, popularity of Chinese wines particularly from China's premier wine region Ningxia enjoyed soaring growth online across the country's major e-commerce and social media platforms. Read More
China's imported wine market size halved in 2022, based on available data released by the country's official drinks trade org. Read More
South Korea’s wine imports continued its growth momentum in 2022 albeit at a slower pace, as consumers trade up for higher-priced bottles, the latest data from the country’s customs department has shown. Read More
Two of Korea’s conglomerates have officially launched their retail wine business in the country following their high-profile purchases of Napa vineyards to sate South Koreans' growing thirst for wine. Read More
China’s millennials and Gen Z who wield “considerable purchasing power” are reshaping China’s multi-billion wine market, as they become the main drinking force behind expanding country’s overall wine market size and per capita consumption in the next five years. Read More