Wineries

Operators in the Wineries industry are engaged in at least one component of the wine-making process. Over the five years to 2022, the industry experienced near-consistent revenue declines as consumer preferences shifted toward distilled spirits and ready-to-drink (RTD) beverages, such as sparkling seltzers. Detrimental growing conditions, particularly in California, which is home to an estimated 39.0% of industry establishments in 2022, also contributed to the industry's poor performance, resulting in volatile operational costs and disruptions. Moreover, the COVID-19 (coronavirus) pandemic caused significant supply chain issues and on-site operational difficulties, contributing to revenue declines. As a result, industry revenue is expected to rise, but slowly, increasing an annualized rate of 0.2% to $23.9 billion over the five years to 2022.