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Market Research Report

United States Wine Market - Growth, Trends and Forecast (2020 - 2025)

Published by Mordor Intelligence LLP Product code 946000
Published Content info 90 Pages
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United States Wine Market - Growth, Trends and Forecast (2020 - 2025)
Published: June 1, 2020 Content info: 90 Pages
Description

United States wine market is anticipated to witness a CAGR of 1.47% during the forecast period (2020 - 2025).

  • The United States wine market is the largest of its kind in the world due to the high population, backed up by a high disposable income.
  • Moreover, wines are popular in the country for centuries and the local market has been progressing with the migration of people from vivid cultural backgrounds, introducing new flavors to the market.
  • The premiumization of wine products coupled with innovation in flavor has further regulated the wine market in the region.
  • However, as the consumers of the United States are readily opting for nutrition-packed beverages, the wine market in the country is likely to progress slowly in the near future due to its mature nature.

Key Market Trends

Extensive Vineyard Area is Anticipated to Strengthen the Market

The United States has been manufacturing wines from ages and wine products have become a significant meal accompaniment in the country. The new innovation in terms of flavor, color, and packaging customizations have led to increased sales of wines across the country. Nevertheless, to satiate the high demand, a considerable land area has been converted into vineyards to cater to the need for grapes that would be highly-priced if sourced from outside the United States. The manufacturers, thus, procure grapes in bulks from these vineyards to produce wines at lower prices and fulfill the demand for locally produced wines.

The Demand for World-class Wines is Likely to Drive the Market

The European countries, especially Italy, France, and Spain have been major producers of wines for over centuries due to the abundant availability of grapes for wine production, backed up by the increasing demand for their wines, globally. The United States has been extensively importing premium wines from countries across the globe to fulfill its demand, despite itself being a major ground for innumerable wine manufacturers. Thus, the continuous import of high-quality wines into the country is expected to hold back a strong consumer base and drive the country's wine market in the near future.

Competitive Landscape

The United States wine market is fragmented with the presence of several global as well as domestic players. The major opportunity for the players to grab the market is by launching innovative solutions to cater to the market, amidst the complex market situation due to the transforming consumption pattern of the local people. The taste, type, and cost also play a major role in laying a heavy brand foundation. The renowned players have a strong hand due to their brand image and are, therefore, they are indulging in geographical expansions, while others are considering mergers, acquisitions, and partnerships to capture the regional market.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Table of Contents
Product Code: 69955

Table of Contents

1 INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

  • 3.1 Market Overview

4 MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

  • 5.1 By Product Type
    • 5.1.1 Still Wine
    • 5.1.2 Sparkling Wine
    • 5.1.3 Others
  • 5.2 By Color
    • 5.2.1 Red Wine
    • 5.2.2 Rose Wine
    • 5.2.3 White Wine
    • 5.2.4 Others
  • 5.3 By Distribution Channel
    • 5.3.1 On-Trade
    • 5.3.2 Off-trade
      • 5.3.2.1 Supermarkets/Hypermarkets
      • 5.3.2.2 Specialty Stores
      • 5.3.2.3 Online Retail Channels
      • 5.3.2.4 Other Distribution Channels

6 COMPETITIVE LANDSCAPE

  • 6.1 Most Active Companies
  • 6.2 Most Adopted Strategies
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles
    • 6.4.1 E & J Gallo
    • 6.4.2 Constellation Brands
    • 6.4.3 The Wine Group
    • 6.4.4 Bacardi-Martini Limited
    • 6.4.5 Treasury Wine Estates
    • 6.4.6 The Brown Forman Corporation
    • 6.4.7 Andrew Peller Limited
    • 6.4.8 Truett Hurst, Inc.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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