A five-year decline in sales in the wine industry has impacted wineries across the spectrum, from the largest companies to smaller family-run operations.
One major cause of the wine industry downturn has been a decline in total industry sales revenue by $19.7 billion, or 21%, from 2020 through 2025, dropping from a total of $94 billion in 2020 to $74.3 billion in 2025, according to Silicon Valley Bank’s State of the U.S. Wine Industry Report.
Major wine companies, including the nation’s largest, E. & J. Gallo, and another owner of dozens of labels, Jackson Family Wines, have permanently closed wineries this year…