15 Best Merlot Wines Under $50

In This Article:

In this article, we are going to discuss the 15 best Merlot wines under $50. You can skip our detailed analysis of the global wine market, the largest winery in the world, and the recent acquisition in the wine industry, and go directly to 5 Best Merlot Wines Under $50

Hailing originally from the Bordeaux region in the south-west of France, Merlot is a dark blue, thin-skinned grape varietal, with a name that derives from the French word 'Merle', meaning blackbird – likely due to Merlot’s dark hue or because the bird enjoyed eating the thin-skinned grape. The Merlot grape is known for making some of the most expensive and flavorful wines in the world. Typically, Merlot is a dry, medium- to full-bodied wine with moderate acidity, moderate to high alcohol, and soft but present tannins. This low tannin count is a significant contributor to the wine’s silky, fruit-forward taste, making it one of the Best Red Wines for Beginners and Casual Drinking

Global Wine Market:

Wine is one of the Most Consumed Alcohols in the World. As we mentioned in our article – Top 20 Wine Producing Countries in the World –  the global wine market size was valued at $441.6 billion in 2022 and is projected to reach a value of $698.54 billion by 2030, with a CAGR of 5.9% over the forecast period. 

Wine is gaining huge popularity among millennials and youngsters, owing to its refreshing appeal and low ABV offerings. The rising demand for premium and luxury wines, increasing consumer awareness about the health benefits of wine, and growing popularity of wine tourism are some of the key factors driving the growth of the wine market.

Largest Winery in the World: 

Established in 1933 by brothers Ernest and Julio Gallo in Modesto, CA, E & J Gallo is the largest winery in the world by volume. With an annual production of over 80 million cases, it is responsible for approximately 25% of all wine sales in the United States. The family-owned winery’s expansive portfolio includes popular brands such as Barefoot, Apothic, and Dark Horse, as well as more premium labels like Louis M. Martini and MacMurray Estate Vineyards.

The winery’s commitment to sustainability and innovation is also evident, with initiatives such as water conservation, renewable energy use, and precision viticulture shaping its operations. E & J Gallo Winery boasted a revenue of over $8.4 billion last year, putting it among the Largest Alcohol Companies in the World in 2023

Recent Acquisition in the Wine Industry: 

It was announced last week that The Duckhorn Portfolio, Inc. (NYSE:NAPA), a California-based luxury wine company, has reached an agreement with the Brown-Forman Corporation (NYSE:BF-B) for the acquisition of Sonoma?Cutrer Vineyards, in a deal worth around $400 million. The Brown-Forman Corporation (NYSE:BF-B) will receive an ownership percentage of approximately 21.5% in The Duckhorn Portfolio, Inc. (NYSE:NAPA) and $50 million in cash.