Although total production from the Yarra Valley is still too small to be separately recorded in national wine production and viticulture statistics, it has already achieved pre-eminence in the production of pinot noir table wine. In 1987, Yarra Valley wineries received 15 out of 18 gold medals awarded on the National Wine Show circuit in the Pinot Noir Classes. Moet et Chandon, the largest Champagne house, acquired a substantial property in the Yarra Valley (less than five kilometres distant from the Coldstream Hills Vineyards) and has established a large vineyard and winery (the latter to serve as its operating base in Australia) on the property.

There are now over 40 wineries (and approximately 85 vineyards) operating in the Yarra Valley, with a number of additional wineries in the course of construction or scheduled to come into production over the next few years.