In: Economics
Wine is a drink that suits a large variety of occasions. It is ideally paired with three courses of dinner and it is specially used in parties business events and meeting with friends.
Vineyard surfacearea worldwide is 7400k ha
Wine production in the US is 24.3 m hl
TRADE AND RETAIL
Value of U.S. wine, brandy and brandy spirit shipments
20.42bn USD
U.S. wine industry's gross margin
59.3%
U.S. wine industry's sales growth
7.2%
On-premise retail sales of wine in the U.S.
16.6bn USD
Off-premise retail sales of wine in the U.S.
21.31bn USD
Leading table wine brand in the U.S., based on sales
Barefoot
U.S. wine export volume
371m l
Leading wine exporter worldwide
Italy
U.S. wine export value
1.36bn USD
WINE SALES & CONSUMPTION IN THE U.S
Leadingg consumer of wine
United States
Total retail value of wine sales in the U.S.
68.1bn USD
Leading sparkling wine brand in the U.S., based on sales
La Marca
Total consumption
Total wine consumption in the United States has grown by 40 percent since 2005. In 2018, 966 million gallons of wine were consumed, up from 687 million in 2005.
The United States produced over 800 million gallons of wine in 2016, nearly 12 percent of the global wine production volume. The country's wine production is mainly concentrated in the sun-bathed Golden State of California, which accounted for about 90 percent of entire U.S. wine production in 2017. According to Wines & Vines, there were about 9,654 wineries in the United States as of 2018.