The wine industry will soon hit rock bottom, according to the Silicon Valley Bank 2026 State of the U.S. Wine Industry Report. The report, released today, forecasts a low point for the industry in 2027 or 2028, but it projects steady growth to pre-COVID-19 levels by 2040. “The bottom will come when it comes,” says Rob McMillan, executive vice president and founder of Silicon Valley Bank’s wine division.
