You've heard that wine sales are looking gloomy, and you've probably heard different reasons why.
Younger consumers don't think it's cool because their parents drink it. There's too much competition from newer beverages like RTDs (ready-to-drink alcoholic drinks in cans), seltzers, ciders, and craft beer. There are health concerns. Another contributing factor is a post-pandemic let-down after huge sales just after businesses reopened in 2021. These all contribute, but price may be key.