Report ID: SQMIC30F2043
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 News
- In July 2022, LVMH, a major player in the global luxury goods market, expanded its footprint in Northern California by acquiring Joseph Phelps Vineyards in Napa Valley, a move that signals the company's growing interest in the U.S wine industry. The acquisition was made by LVMH's Moet Hennessy division and includes Joseph Phelps and its vineyards in Napa and Sonoma counties. Although the exact price was not disclosed, industry sources speculate that it could be between USD 400 million and USD 750 million, making it the most expensive acquisition of a Napa Valley brand. The purchase of Joseph Phelps Vineyards is seen as a strategic move for LVMH, as it includes significant acreage of highly-regarded vineyards.
- On March 2022 Meiomi Wines announced the release of the Red Blend, adding another flavor sourced from Meiomi's signature California regions. The company claims the product has the same premium taste that customers expect but with new, bold flavors and more options.
U.S. Wine Market Report Snapshots
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