(Inquirer) - Over the next few years, the international wine market will look strikingly different, with Portugal projected to overtake France when it comes to per capita wine consumption, and India, Mexico and South Africa expected to see notable growth as well.

Those are some of the newest projections from a study conducted by Vinexpo, one of the world’s leading wine trade fairs which takes place in Bordeaux, France this summer.

Overall, the report notes that consumers around the world tipped back the equivalent of 267 million hectoliters last year, marking a modest 0.4 percent rise and the stabilization of the market.