Wine Paris 2026 showed how the industry is recalibrating

Friday, 20 February, 2026
Forbes, Erica Duecy
Fifty years after a blind tasting shocked the wine world, the industry once again finds itself at a defining crossroads.

In 1976, the Judgement of Paris upended assumptions about hierarchy, geography and legitimacy. The blind tasting, in which California wines triumphed over Bordeaux and Burgundy, did more than elevate Napa onto the world stage. It proved that excellence could emerge outside established power centers—and that wine, as an industry, is capable of reinvention when conditions demand it.

Wine Paris 2026 arrived at another such inflection point. Global wine consumption has slipped to its lowest level since the early 1960s, and red wine’s long-standing dominance is eroding. Younger drinkers are approaching alcohol with greater ambivalence. Climate instability and geopolitical volatility are altering vineyard economics and cascading through margins and shelf prices. And the once-assumed narrative of steady generational handoffs and automatic trade-ups no longer holds.

It’s a lot to comprehend, and seemingly happening all at once. And yet, walking the halls in Paris this week with more than 65,000 trade visitors and 6,500 exhibitors, what stood out was not anxiety, but rather adaptation. It was clear that the industry understands the scale of its structural shifts, and is actively designing around them.

The 50th anniversary of the Judgement of Paris offered a useful frame. In 1976, disruption came from the margins. In 2026, recalibration is unfolding across the ecosystem—from data-driven consumer research to vineyard experimentation, sustainability frameworks, and entirely new beverage categories. The most striking development is not a single breakthrough, but a collective willingness to adjust.

Shifting consumption patterns and how to adapt

Perhaps the most sobering session at Wine Paris was the global consumption update from Giorgio Delgrosso, head of statistics and digital transformation at the International Organization of Vine and Wine. Global wine consumption fell to 214 million hectoliters in 2024, the lowest level since 1961. That decline is not a short-term, post-Covid aberration, as some have claimed. Instead, it reflects a structural drift that has existed for decades.

The United States remains the world’s largest wine market by volume, at 33.3 million hectoliters in 2024. But compared with 2019, U.S. consumption is down roughly 2.2 million hectoliters. That contraction reflects a range of challenges, from sustained inflationary pressure and generational moderation to intensified competition from other beverage categories.

Stylistically, the shift is equally visible. In 2000, red accounted for roughly 51% of global wine consumption. By 2024, that share had fallen to 46%. White has climbed to 44%, up from about 40% two decades ago. Rosé now represents nearly 10% of global consumption. Sparkling remains the category’s most resilient performer, with global consumption at approximately 19 million hectoliters and steady growth over the past two decades.

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