$FCNCO

Silicon Valley Bank, a division of First Citizens Bank, has released its 25th annual State of the US Wine Industry Report, forecasting an improving demand decline for the wine industry in 2026. The report estimates a decline in industry sales for 2025 by 2.0% in cases and 1.6% in dollars, with profit margin compression and higher inventory levels. It also highlights the growing demand for private label wines due to excess bulk wine inventory and advises wineries to fundamentally alter their consumer engagement strategies.