US wine consumption is projected to grow at a CAGR of around 2% during 2011-2014, says RNCOS in its latest research report.
Noida, UP -- (SBWIRE) -- 06/27/2011 -- 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 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 on the back of increasing disposable incomes and the rising awareness about the medical benefits of wine. As a result, 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 government support, increased female drinkers population, and growing young population. Additionally, online wine purchases are providing new growth prospects for the wine industry. Online sales, though, comprises low share of the 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 available in the country. The report also covers state-wise analysis of the wine industry as well as 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 to wine market is elaborated in the report. The research report also highlights factors that will be responsible for the growth of 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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