The wine industry is expected to be impacted as the current harvest suffered from extremely variable weather with harsher frosts and greater rainfall than average years. This reduced the grape availability by more than 10% compared to the previous wine harvest, making prices less competitive compared with beer.
After strong growth in e-commerce sales of fast-moving consumer goods during the initial outbreak of COVID-19, online retailing continues to be the fastest-growing channel in wine sales in 2022. This was initially driven by hypermarkets and supermarket retailers, but the most dynamic players have been manufacturers.
Malbec is the hallmark of Argentinian wine production. However, many wineries are looking beyond this and are exploring new blends and grape varieties, such as Cabernet Franc, Bonarda, Criolla, plus white blends are expected to continue growing.
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Wine
This is the aggregation of still and sparkling light grape wines, fortified wine and vermouth and non-grape wine. In terms of alcohol content, light wine usually falls into the 8-14% ABV bracket while fortified wine ranges from 14-23% ABV. Low and non-alcoholic wine is also included in the data (attributed to each sector as appropriate).
See All of Our DefinitionsThis report originates from Passport, our Wine research and analysis database.
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