CLEVELAND, June 20, 2017 /PRNewswire/ -- US demand for wine is forecast to reach 1.2 billion gallons in 2021, according toWine: United States , a report recently released by Freedonia Focus Reports. Sparkling wine is expected to outpace other demand segments due to the popularity of bubbly beverages with millennials being introduced to the wine market.
Growth will be restrained by baby boomers dropping out of the wine market, as they are among the most valuable consumers of wine. Additionally, beer and distilled spirits represent major competition to wine, as they have lower price points and are more accessible to the average buyer.
These and other key insights are featured in Wine: United States. This report forecasts US wine demand in gallons and in US dollars at the manufacturers' level to 2021. In addition, total production is forecast in gallons and in US dollars at the manufacturers' level to 2021. Total wine demand in gallons is segmented by type in terms of:
To illustrate historical trends, total demand, total production, the various segments, and trade are provided in annual series from 2006 to 2016.
More information about the report is available at
About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Consumer Goods reports can be purchased at www.freedoniafocusreports.com or marketresearch.com.
Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/us-demand-for-wine-to-reach-12-billion-gallons-in-2021-300476758.html
SOURCE The Freedonia Group