Fine wine market grows 234% in 10 years

A new report has revealed the increasing popularity of fine wine over the past decade, highlighting growth of 234 per cent. Commissioned by Cult Wines, a specialist in the acquisition, management and valuation of rare wines, the report by Intelligent Partnership also predicted a shortfall in production as demand for fine wine increases from wealthy buyers, particularly from China and India. Citing research from Morgan Stanley the report places current global demand at around 3 billion cases, compared to total production of around 2.8 billion.