Noida, UP -- (SBWIRE) --06/07/2011 -- According to our new research report “US Wine Market Outlook 2014”, wine market in the United States is witnessing strong growth in terms of both production and consumption. In 2010, the US overtook France to become the world’s largest wine consuming nation. This was mainly due to the growing wine-and-cheese culture among young Americans. Moreover, the US wine market will continue to grow at a rapid pace in coming years with increasing disposable incomes and rising awareness about the medical benefits of wine. Backed by these factors, the US wine consumption is anticipated to grow at a CAGR of around 2% during 2011-2014.
As per our findings, the country’s wine industry has expanded considerably during the past few years on the back of strong government support, increased number of female drinkers, and growing young population. Additionally, online wine purchases are providing new growth prospects for the US wine industry. Online sales, though, comprises low share of total wine market, the future outlook of this segment is quite attractive.
Besides, it has been found that, table wine is the most preferred wine in the nation due to its low cost and high quality. Our report also contains information about other types of wine in the country. The report also covers the state-wise analysis of the wine industry and color mix.
Our report “US Wine Market Outlook 2014”, provides extensive information and rational analysis of the United States wine market and growth prospects in the industry. It presents an insight of the US wine market in context of the global wine industry in terms of production, consumption, exports, and imports across the world. Moreover, consumer behavior in respect of wine market is elaborated in the report. The research report also highlights factors that will fuel growth in the US wine market during the forecast period.
Further, the report thoroughly examines growth prospects, industrial restraints, and competitive landscapes of the concerned industry to enable clients understand the market structure and its progress in coming years. In this way, the report presents a complete and coherent analysis of the US wine industry, which will prove decisive for the clients.
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