PRZOOM - /newswire/ -
Noida, Uttar Pradesh, India, 2011/09/06 - With rising disposable income and growth in demand, the wine production in the US will reach to the level of 780 Million Gallons by 2014, says RNCOS in its latest research report.
According to our new report,“US Wine Market Outlook 2014”, the US is one of the largest wine markets in the world, outperforming France to become the biggest wine consuming nation. In 2010, the total volume of wine production reached to the mark of 720 Million Gallons, with 7626 bonded wineries growing at a significant pace. Factors, such as rising disposable income and expansion of baby boomers generation are contributing modestly to the market growth. In-line with other significant developments, the total wine production is likely to reach 780 Million Gallons by 2014.
We have revealed that Oregon is significantly expanding its capabilities to become a prime state in the domestic wine industry, thereby competing with other states. With total number of wineries at 419 in 2010, the economic contribution of wine sector is also strengthening. The economic impact of Oregon’s wine industry nearly doubled to US$ 2.7 Billion in 2010 since 2005. The state is in the process to make significant progress in its wine sector as the grape production rebound to a high level.
The report,“US Wine Market Outlook 2014”, provides extensive information and rational analysis of the US wine market and growth prospects in the industry. It covers almost all the key aspects of the market and analyzes data in relation to wine production, consumption, import, and export. An effective investigation on the position of US wine industry in the global landscape has also been covered in this report.
The report presents a concrete analysis on the consumer behavior in respect of wine market in the United States. Further, the report takes into account all the key developments and trends while presenting a future outlook in key areas. An effective illustration on wine distribution network, growth prospects, challenges, and trade, etc has also been covered in this report. Last though not the least, the report presents a proper description of key players in the market. Overall, the report will facilitate the clients looking to get into the market or desiring to gather more knowledge regarding 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.