Saturday, July 13, 2024

Surprisingly, Our Consumption Of This Dropped Last Year

2020 might have been the year when we collectively drank the most booze. Despite this, the wine industry experienced a decline in sales.

Against all odds, wine consumption dropped by a significant margin last year. Despite the fact that the COVID-19 pandemic has pushed happy hour earlier in the day, new reports show that wine consumption dropped to its lowest level since 2002.

The International Organization of Vine and Wine (OIV) named 2020 “a year of resilience.” In a new report they reveal that the global consumption of wine dropped by 3%, about 6.2 billion gallons of it. Wine production was also slightly below average when compared to 2019.

Food & Wine reports that while COVID-19 is partly to blame for these developments, according to OIV, “The full or partial closure of the [hospitality industry] has caused a fall in sales in value, and to a lesser extent in volume, only partially compensated by the increase in wine sales via e-commerce and large retailers.”

Photo by Hermes Rivera via Unsplash

They added that, “Premium wine suffered the most from the closure of restaurants and tasting rooms, while large producers that owned the off-premise channel with large partner wholesalers performed well.” OIV also mentions the imposition of new trade barriers, like Brexit, which have also influenced wine sales.

RELATED: Women Are Overwhelmingly The Main Buyers Of This Cannabis Product

Still, despite these results, predictions of wine sales were expected to be worse considering how heavily COVID-19 impacted the hospitality industry. While sales dropped in restaurants and bars, this was compensated in significant amounts by supermarkets and liquor stores.

A closer look at the results show that the U.S. was the leading buyer of wine in the world, consuming about 33 million hectoliters, continuing the trend that they’d set in past years. Sparkling wine (excluding Prosecco) experienced a sharp decline in consumption while boxed wine experienced a rise.

RELATED: Marijuana Is Replacing Alcohol During The Pandemic And May Have Long Term Benefits

Boxed wine might not be the fanciest of wines, but it is definitely a type of container capable of holding large quantities of wine for a much cheaper price. While wine sales were down in restaurants and bars, it’s clear that at home, we were still drinking a lot, perhaps more than in years past.


The Best 4th Of July Cocktails

Here are the best 4th of July cocktails to enjoy at every event. These are easy and will be a big hit!


5 Things To Keep In Mind When Using Cannabis For Sleep

Medications have side effects, what about a natural aid. Here are 5 things to keep in mind when using cannabis for sleep

Don't Miss Your Weekly Dose of The Fresh Toast.

Stay informed with exclusive news briefs delivered directly to your inbox every Friday.

We respect your privacy. Unsubscribe anytime.