Wineries in the US - Industry Market Research Report

Wineries in the US - Industry Market Research Report

  • May 2020 •
  • 46 pages •
  • Report ID: 499299 •
  • Format: PDF
Drink up: Industry revenue will benefit from a positive economic outlook, despite falling profit

Abstract

Wineries in the US
Operators in the Wineries industry engage in at least one component of the winemaking process, which includes growing and harvesting grapes, crushing pressed grapes into unfermented wine and fermenting the wine. Operators in this industry also make wine blends and brandies. Over the five years to 2018, the Wineries industry has experienced robust growth. Much of this growth can be attributed to shifting consumer preferences. Millennials in particular have expanded their palates toward domestic wine, moving away from standard light beers. Over the five years to 2023, the Wineries industry is forecast to grow at a slightly slower pace. Though consumer spending is projected to continue rising, regulation over the alcoholic beverage sector is also expected to increase. Continued legislation against direct-to-consumer sales, often led by major distribution companies, will stand to threaten this new market. Still, most economic factors are anticipated to favor industry operators.

The Wineries industry consists of companies engaged in at least one component of the winemaking process. This process includes growing and harvesting grapes, crushing and pressing grapes into unfermented wine and fermenting the wine. The industry also produces wine blends, brandies and wines made from other fruit sources.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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