The U.S.wine market is
expected to reach USD 85.00 billion by 2025, according to a new report by Grand
View Research, Inc. Rising per capita consumption of wine with meals and
desserts is expected to drive growth over the forecast period.
Consumers’ access to the product in stores,
restaurants, bars, nail salons, bookstores, coffee shops, movie theaters, and
car wash & repair shops continues to expand over 5,500,000 locations in the
U.S. Furthermore, producers are targeting niche sales channels such as
direct-to-consumer sales and tasting rooms, which is expected to drive growth
over the forecast period.
Agri-business software offers various
industry-specific solutions and application of software to manage
administrative tasks, track internal production and sales data, is likely to
complement growth. E-commerce and digital marketing tools are the major driving
factors owing to the legalization of online sales in the majority of the U.S.
states.
The manufacturers compete on the basis of
price, which commonly ranges between USD 3 a bottle to USD 15 and above along
with a distribution network. The industry is highly competitive, and the
product competes with other alcoholic and nonalcoholic beverages for restaurant
presence, retailer shelf space, distributor attention, brand recognition and
promotions.
Access
Research Report of U.S. Wine Market@ https://www.grandviewresearch.com/industry-analysis/us-wine-market
Further key findings from the report suggest:
· Table wine accounted for 82.2% of the
revenue share in 2017 on account of low Alcohol by Volume (ABV) content and
availability of wide varieties of blends including Merlot, cabernet sauvignon,
chardonnay, and pinot noir
· Sparkling wine is expected to grow at a
CAGR of 10.8% over the forecast period owing to low cost of the product, which
offers affordable luxury to young consumers celebrating different events
throughout the year
· Off-trade distribution channel accounted
for the largest revenue share in 2017, distributing over 71.3% of the product
on account of increasing sales through supermarket chains, liquor stores
offering value and variety in their selection
· On-trade distribution channel is expected
to grow at a CAGR of 4.4% on account of high demand from restaurants and hotels
with increasing consumer income, and the rising level of spending at wineries
· Companies in the industry are highly
competitive, and the major players compete on the basis of wide range of
product portfolio, quality, brand names, pricing, and distribution strength;
however, small-scale producers depend on distributors for promotional support
Grand View Research has segmented the U.S.
wine market on the basis of product and distribution.
Product Outlook (Volume, Million Liters;
Revenue, USD Billion; 2014 - 2025)
·
Table Wine
·
Dessert Wine
·
Sparkling Wine
Distribution Outlook (Volume, Million
Liters; Revenue, USD Billion; 2014 - 2025)
·
On-trade
·
Off-trade
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research
reports, customized research reports, and consulting services. To help
clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More
Information: www.grandviewresearch.com
