Noida, India (PressExposure) September 02, 2009 -- US wine sales increased at a CAGR of over 3% during 2004â2008 to 754 Million Gallons, worth US$ 30 Billion by 2008 end. According to our new report âUS Wine Market Forecast to 2012â, the US wine consumption is forecasted to grow at a CAGR of over 3% during 2009â2012, propelling the country to become the worldâs largest wine consuming market by the end of the forecasted period.
According to our report, the main reason behind the growth of the US wine industry is the increase in the number of female wine drinkers. Women make upto 52% of the adult population, consuming 60% of the wine sold in the country and accounting for more than half of the countryâs sales. Moreover, women comprise 55% of marginal wine drinkers in the US. The report highlights that wine quality, label design, bottle shape and the philosophy of winery are more important to female consumers as they tend to judge the entire product before going for its purchase.
According to our team of experts, a greater marketing awareness aimed at women consumers is emerging as a trend in the 21st century. This has been partly brought about by women themselves as they gain significant stature in the industry. As a result, wine marketers are promoting their products in such a way that they appeal to this potential section of the society.
Our team of experts found out that the aforementioned trends have been boosting the demand for wine in the US for past few years, thereby placing wine industry in a good position to weather the existing economic challenges.
âUS Wine Market Forecast to 2012â provides deep insight of the past and current information on the market performance by wine production, wine consumption, trade, color mix as well as by province. Moreover, the forces fuelling the growth in various segments of the concerned industry have also been discussed in detail.
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