Changing tastes and tightening belts are reshaping the global drinks industry, with consumption set to fall across traditional markets over the next five years.

Global wine consumption fell 2.7 percent last year to 208 million hectoliters, marking a 14 percent decline since 2018, according to the International Organizat

Global alcohol consumption is expected to enter a sustained decline over the next ten years, despite continued population growth and rising demand in some emerging markets. This…