Italy led global wine production in 2025, to reach 47.3 million hectolitres, according to data from the Italian Export Credit Agency (SACE).
The global wine market is expected to grow from $360 billion (€330 billion) in 2025 to $370 billion (€339 billion) by the end of 2026, eventually reaching $440 billion (€403 billion) by 2031, representing a compound annual growth rate (CAGR) of 3.37%.
Europe as a whole accounts for 60% of world production.
While this reflects a 2% increase compared to last year, production remains 8% below the five-year average, marking the second-lowest level recorded since the start of the twenty-first century.
Italy outpaces France (35.9 million hl) and Spain (29.4 million hl) in volume, followed by the United States, Australia and Argentina.
However, 2025 saw a dip in Italian wine exports, which contracted by 3.7%, to €7.8 billion.
This was primarily driven by a decline in still red and rosé wines (-5.4%).
Other sectors also saw contractions: sparkling wine (-2.5%); still white wine (-1.5%); and semi-sparkling wine (-3.5%).
Despite these figures, wine consumption is expected to grow by an average of 0.7% over the next three years.
Key Markets
The United States remains the largest market for Italian wine, followed by Germany and the UK.
Together, these three nations account for almost 50% of exports.
Meanwhile, emerging markets in Eastern Europe, Brazil and Vietnam are showing promising growth.
France maintains its position as the world’s leading exporter, accounting for nearly a third of all foreign sales, aided by a higher average bottle price.
Italy, however, has strengthened its market share, rising from 20.1% in 2020 to the current 22.0%, while Spain holds third place, at 8.2%.
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Dining and Cooking