PRZOOM - /newswire/ -
Noida, Uttar Pradesh, India, 2010/07/08 - With increasing disposable income and rising number of younger consumers, the wine consumption is expected to grow at CAGR of 3% during 2010-2013.
According to our new research report “US Wine Market Forecast to 2012”, the US wine market has been witnessing impressive growth over the past few years. Wine production and consumption in the country is one of the largest in the world and will continue to surge in the coming years. In 2009, the US consumed approximately 29 Million HL (Hecto Liters) of wine, making it one of the largest consumers worldwide. Moreover, as per our estimations, the US wine consumption will continue to grow at a CAGR of 3% during 2010-2013.
We have found that due to high number of female wine drinkers, wine consumption in the US have maintained a healthy pace so far. Women drinkers in the country accounts for major proportion of the total wine consumers and they drink around 60% of the wine sold in the US. The fairer sex consumers generally do not rely upon wine ratings and they tend to select the brand on their own experience. Nevertheless, wine quality, color and bottle shape do matter.
The report “US Wine Market Forecast to 2012” provides province-wise information and detailed analysis of the US wine market. It also analyzes behavior of wine consumers in terms of price sensitivity, generation and gender, highlighting the major segments and their proportion. The growing US wine market provides fruitful opportunities to stores (retail stores and drug stores), grapes growers, hotel & restaurants and many such sectors, and therefore the report highlights many factors responsible for the growth of these segments.
The report also covers sections like wine trade, industry growth prospects, industry challenges and other such useful aspects of the US wine industry. It also includes industry forecast on various sections like table wine sales and dessert wine sales, with strong emphasis on effective and prudent forecasting techniques. Easy to comprehend content, effective presentation and detailed informational analysis are some of the prominent features of our report which will help clients to gain invaluable insight of the US wine industry.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.