U.S. Wine Market

Title Page of 2024 BMO Wine Market Report BMO A new report by Bank of Montreal (BMO) shows that, though wine volume sales are down, actual dollar sales from consumer expenditures on wine have increased in 2023. In fact, if analyzing the BMO report data from 2018 through 2023, wine sales in the U.S. (both domestic and imported wines) increased by 46%. Though part of this is due to inflation and necessary price increases that wineries had to take to keep up with rising supply and labor costs, a good portion is also due to consumers spending more on wine. [...]