New Report Shows Wine Industry in Better Shape than We Thought

Dear Client: The recently-formed US Wine Industry Partnership set out to provide a one-stop-shop for a look at the entire US wine industry across winery size and channels as well as consumer demographics, releasing the inaugural 2024 BMO Wine Market Report last week. Overall, the report paints a rosier outlook for the US wine industry.  Indeed, since 2018 the total value of the US wine market has grown from $73 billion to $107 billion in 2023 at an annual growth