What is the global market size of the U.S. Wine Market?

U.S. Wine Market size was valued at USD 63.69 billion in 2021 and is poised to grow from USD 68.02 billion in 2022 to USD 115.14 billion by 2030, growing at a CAGR of 6.8% in the forecast period (2023-2030).

U.S. Wine Market Size, Share, Growth Analysis, By Type(still wine, sparkling wine, fortified wine, and others), By Color(red wine, white wine, and rose wine, and others), By Distribution channel(online sales, supermarkets/hypermarkets, specialist retailers, convenience stores), By Region - Industry Forecast 2024-2031

Report ID: SQMIC30F2043 | Region: Country | Published Date: April, 2024
Pages: 198 | Tables: 94 | Figures: 76

U.S. Wine Market Dynamics

U.S. Wine Market Drivers

Globalization to Bring lucrative Growth Opportunities for Players

The wine market has experienced an increase in the availability and diversity of wines from various regions around the world due to globalization. As a result, there has been a surge in demand for wine products.

U.S. Wine Market Restraints

Market is Predicted to have New Entrants and Increased Competition

Craft beer and spirits, which may attract younger consumers, are presenting increasing competition to the US wine market.

U.S. Wine Market Report Snapshots

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U.S. Wine Market size was valued at USD 68.02 billion in 2022 and is poised to grow from USD 72.65 billion in 2023 to USD 122.96 billion by 2031, growing at a CAGR of 6.80% during the forecast period (2024-2031).

In the US, the wine industry is fiercely competitive, with numerous established companies and new players competing for market share. These businesses employ a range of strategies, such as pricing, quality, variety, and branding, to set themselves apart from rivals. 'E&J Gallo Winery', 'Constellation Brands, Inc.', 'The Wine Group', 'Bronco Wine Company', 'Trinchero Family Estates', 'Treasury Wine Estates', 'Jackson Family Wines', 'Ste. Michelle Wine Estates', 'Diageo Chateau & Estate Wines', 'Crimson Wine Group', 'Duckhorn Wine Company', 'Delicato Family Wines', 'Vintage Wine Estates', 'Foley Family Wines', 'Wente Vineyards', 'Hess Family Wine Estates', 'J. Lohr Vineyards & Wines', 'Terlato Wine Group', 'C. Mondavi & Family', 'Kendall-Jackson Wine Estates'

The wine market has experienced an increase in the availability and diversity of wines from various regions around the world due to globalization. As a result, there has been a surge in demand for wine products.

There is a rising interest among consumers in environmentally sustainable and socially responsible wine production, leading to an increasing demand for organic, biodynamic, and sustainable wines. In response, many wineries are prioritizing environmentally-friendly practices to cater to this trend.

The US wine market is largely concentrated in California, with Napa Valley and Sonoma County being the most prominent regions for wine production in the country. These regions are home to some of the most famous wineries and vineyards and contribute significantly to the overall market share of the US wine industry.

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U.S. Wine Market Dynamics

U.S. Wine Market Report Snapshots

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