The southern African region is battling with drought at present. This is the result of El Niño, a natural climate cycle characterised by changes in Pacific Ocean temperatures. It has effects on global weather patterns, particularly rainfall and temperature.
The global market for Wine estimated at US$385 Billion in the year 2023, is projected to reach a revised size of US$528.3 Billion by 2030, growing at a CAGR of 4.6% over the analysis period 2023-2030.