Global production ~258 million hectolitres
Largest producer Italy
Consumption trend Flat in traditional markets
Growth markets Asia-Pacific, Africa

The International Organisation of Vine and Wine has published its preliminary 2026 global wine production report, estimating total output at approximately 258 million hectolitres — a stabilisation after the extreme lows of 2023 and 2024, which were driven by severe spring frosts in France, persistent drought in Spain and wildfires in parts of the southern hemisphere. Italy leads global production for the second consecutive year, followed closely by France and Spain.

The headline figure masks significant regional variation. France returned to above-average production after two frost-damaged harvests, while Spain continues to grapple with drought-related yield reductions in La Mancha and Extremadura. Australia and Chile both report solid harvests, contributing to global supply stability. The OIV notes that climate variability remains the single greatest systemic risk to consistent global wine production in the medium term.

Top producing countries in 2026

  • Italy: approximately 49.1 million hectolitres — Veneto, Puglia and Sicily the largest contributing regions.
  • France: approximately 45.8 million hectolitres — recovery from 2023–24 frost damage.
  • Spain: approximately 37.5 million hectolitres — drought continues to constrain central Spain.
  • USA: approximately 23.1 million hectolitres — California dominates.
  • Australia: approximately 13.4 million hectolitres — South Australia strong.
  • Chile: approximately 12.9 million hectolitres — consistent harvest.
  • Argentina: approximately 12.3 million hectolitres — Mendoza the cornerstone.

Consumption: the structural challenge

While production stabilises, wine consumption in traditional markets continues to face structural headwinds. Per-capita wine drinking in France, Italy and Germany has declined steadily over the past decade, driven by health awareness, changing alcohol attitudes among younger consumers, and competition from other beverages. The OIV estimates that total global wine consumption in 2026 is approximately 232 million hectolitres — meaning there is a small surplus of supply over demand, which is contributing to downward price pressure in the commodity and entry-level segments.

The premium and ultra-premium segments tell a different story. Demand for wines priced above £15 at retail continues to grow in the UK, US and key Asia-Pacific markets, as consumers in mature markets shift toward quality over quantity. This bifurcation — weakening demand at the value end, strengthening demand at the premium end — is reshaping the strategies of large wine companies and cooperatives. For context on how wine regions respond to market pressures, see the what a region tells you guide.

Climate change and future production

The OIV report dedicates a chapter to climate adaptation, noting that virtually every major wine region is implementing changes: earlier harvesting to manage alcohol levels, irrigation expansion in previously dry-farmed areas, altitude planting to find cooler sites, and variety switching to later-ripening cultivars. These adaptations have costs — financial, agronomic and in some cases regulatory (PDO rules often restrict variety use) — that will shape the global wine landscape over the next two decades. See cool and warm climate styles for how climate fundamentally determines wine style.

Source: International Organisation of Vine and Wine (OIV), October 2026. All production figures are OIV preliminary estimates and subject to revision. Published 2026-10-20. Corrections via the contact form.