We’ve Got Some Good News and Some Bad News—SVB 2022 State of the Wine Industry

The good news for the wine business? Premium wine sales increased 21 percent in 2021, and another strong year will follow in 2022.

The bad news? Wineries may well need those two banner years to offset the aging of the industry’s Baby Boomer base, the continued decline in on-premise sales, and the beginning of climate change-related water shortages and restrictions. | WIA Featured Article by Jeff Siegel