Premium wine sales are down in the U.S. Premium generally meaning any wine over $20/bottle; luxury wines are over $50. Sales are down across most age groups except those over 60, and are really down for the youngest drinkers.
Sales boomed from the time of the French Paradox in the '90s until the Great Recession of '08-'09. With the recovery, sales increased, but not as rapidly as before. Early Covid saw a short uptick, then a dropoff more recently. Is it a temporary adjustment or a sign of things to come?