Analyst says U.S. wine production, consumption up
SACRAMENTO, Calif. -- U.S. residents now make up the largest wine market in the world, consuming 13 percent of all that's produced globally.
That's according to a wine industry analyst who spoke at a major industry gathering in Sacramento, Calif. on Wednesday. Jon Fredrikson told wine industry executives at the Unified Wine & Grape Symposium that U.S. production increased 2 percent last year to help meet demand.
But he said wines from Argentina, Chile and Australia continued to capture a growing share of the U.S. market.
Overseas wines now account for 35 percent of sales in the U.S.
According to the Press Democrat of Santa Rosa, Fredrikson said consumers were driven to cheaper imports by grape shortages in the U.S. in 2010 and 2011 that resulted in higher prices for domestic wines.
- Share Facebook Twitter
Article sent to (required)E-mail
Article sent from (required)E-mail Name
Subject Line (article title)
Message (optional)Success - Article sent Click to close
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.Need more information about reprints? Visit our Reprints Section for more details.
Contact information ( * required )Name * Company Telephone * E-mail *
Article InformationTitle URL
Message (optional)Success - Reprint request sent Click to close