Money Side of Wine Making
Wine making brings culture and big money together worldwide. Economics covers vineyard work, making costs, drinking patterns, and world trade. Global wine making hit 225.85 million hectoliters in 2024. Production spreads across 77 countries now. This industry shows farm strength and market changes. Vineyard Size and Making Costs Wine money starts with vineyard land and growing costs. Vineyards covered 7.09 million hectares worldwide in 2024. Europe holds nearly half this land area. Spain, France, and Italy lead vineyard space. South America and Asia producers grow fast now. Costs change with land, workers, and machines. Machine harvesting cuts costs in rich regions. Fermentation makes alcohol including ethanol 200 proof forms. Quality rules need careful watching. Trade laws require following strict rules. Drinking and Market Changes World wine drinking reached 200.5 million hectoliters in 2024. This shows 9.5% drop from last year. Consumer taste changes cause th...