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Wines

Overview of the wine industry

The wine industry is among the leading, central and time-honoured global economic sectors. It is because of the segment's comprehensiveness and high values. Likewise, it is because of its extensive ties to human history. For example, it has expanded to include a vineyard area of around 7.2 million hectares (72,000 km2). This results in a wine production value of around 237 million hectolitres. It tends to a wine consumption of closer to 221 million hectolitres.

Where is the industry concentrated?

Diverse vine-growing countries produce such values. Examples are the Italian Republic, the Kingdom of Spain, and France. Likewise, they include Romania, Portugal, and Argentina. Also, they feature Turkey, the People's Republic of China, South Africa, the United States of America, and Australia.

Is the industry extensive and highly valued?

This results in the development of an extensive and high-value global industry. For example, the wine manufacturing sector has extended to include close to 101,000 enterprises. It results in the industry employing millions of employees directly and indirectly, with over 800,000 in manufacturing. It also results in the global wine industry producing close to 330 billion USD.

Is the industry innovative?

The international wine industry often focuses on research and development. It is because of causes like the changing climate. Generally, the sector presents its most recent innovations, cuvées, and vintages during trade expositions. These include biannual, annual and triennial events in various countries. Hundreds of thousands of attendees attend such expos.