From Vineyard to Festival: Italy?s Wine Culture Uncorked
Recent wine festivals across Italy highlight the crucial role these events play in promoting regional wine heritage, strengthening ties between producers and consumers, and boosting local economies.
The post From Vineyard to Festival: Italy?s Wine Culture Uncorked appeared first on LUXUO.
The Colosseum Rome, Metropolitan City of Rome, Italy
Wine Market Growth and Italy?s Position in 2024
Over the last five years, the global wine market has seen steady growth, with an annual average increase of five percent. This consistent rise has been driven primarily by three key players ? France, Italy, and the United States ? which collectively represent approximately 60 percent of the global wine market. The industry?s overall value is expected to reach approximately 353.4 billion USD by the end of 2024, with global wine consumption projected at 25.3 billion litres.
Despite facing increased competition, Italy remains a significant force in the wine sector. In 2024, Italian wine exports saw a notable growth of seven percent, reaching a value of 2.5 billion EUR. While Italy may have lost its title as the world?s largest wine producer to France, the country has shifted its focus towards enhancing quality over sheer volume, with experts predicting that Italian wine exports will surpass eight billion euros within the next two years. Regions such as Emilia-Romagna and Puglia are expected to experience the highest growth in exports for 2024, with projected increases of 4.6 percen...
The post From Vineyard to Festival: Italy?s Wine Culture Uncorked appeared first on LUXUO.
The Colosseum Rome, Metropolitan City of Rome, Italy
Wine Market Growth and Italy?s Position in 2024
Over the last five years, the global wine market has seen steady growth, with an annual average increase of five percent. This consistent rise has been driven primarily by three key players ? France, Italy, and the United States ? which collectively represent approximately 60 percent of the global wine market. The industry?s overall value is expected to reach approximately 353.4 billion USD by the end of 2024, with global wine consumption projected at 25.3 billion litres.
Despite facing increased competition, Italy remains a significant force in the wine sector. In 2024, Italian wine exports saw a notable growth of seven percent, reaching a value of 2.5 billion EUR. While Italy may have lost its title as the world?s largest wine producer to France, the country has shifted its focus towards enhancing quality over sheer volume, with experts predicting that Italian wine exports will surpass eight billion euros within the next two years. Regions such as Emilia-Romagna and Puglia are expected to experience the highest growth in exports for 2024, with projected increases of 4.6 percen...
| -------------------------------- |
|
|
