Silicon Valley Bank examines how the direct to consumer wine channel is navigating a difficult demand environment while revealing why some wineries continue to grow. Data from 450 wineries shows a widening performance gap, with top operators posting 22% revenue growth even as overall market conditions remain challenging.
2026 Direct-to-Consumer Wine Report
Silicon Valley Bank
Rob McMillan
Research
57 Pages
Key Takeaways
Performance Gap Widens: Top quartile wineries grew revenue by 22%, while the bottom quartile declined 13%, and the median winery reported no growth.
Traffic Isn't Everything: Tasting room and wine club channels account for 72% of direct to consumer revenue, making execution and customer retention critical differentiators.
Visitation Still Weak: Reservation growth averaged -2.12% year over year, suggesting demand pressures persist despite signs that the industry's decline is moderating.