Merlot Wine Market to Exceed $18.6 Billion by 2032 at 5.9% CAGR: Production, Consumption, and Regional Insights
The global Merlot Wine market was valued at approximately $11.2 billion in 2023, increasing from $10.5 billion in 2022, reflecting a year-over-year (YoY) growth of 6.7%. Rising global wine consumption and premiumization trends are driving demand. The market is projected to reach $18.6 billion by 2032, expanding at a CAGR of 5.9% from 2024 to 2032. Total consumption volume reached 3.9 billion liters in 2023, up from 3.5 billion liters in 2021, marking an 11.4% increase.
Read More -> https://marketintelo.com/report/merlot-wine-market
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