Tag Archive: wine
Impact Databank: U.S. Spirits Volume Expected To Surpass Wine This Year
After being severely impacted by the pandemic, the wine industry in the U.S. continues to face increased pressure from spirits—particularly RTDs and to a lesser extent Tequila—as well as uncertain economic conditions, and imports may be affected further by impending tariffs. After a 3% wine consumption volume decline in 2024, a further 4% decrease is projected this year, according to the 2025 edition of The U.S. Wine Market: Shanken’s Impact Databank Review & Forecast. Continue reading →
Wine Consumers Focusing On Quality Over Quantity, Retailers Say
According to Impact Databank, the U.S. wine market is projected to eke out a small value increase this year, despite a 2% decline in volume terms. Wines priced $10 and over are expected to outperform less expensive segments, helping to drive the first post-pandemic increase in value for the industry. Continue reading →
Posted in News on September 20, 2024SVB Report Sees Continuing Headwinds, But Better Premium Wine Sales For 2024
Silicon Valley Bank’s Wine Division has issued its State of the U.S. Wine Industry 2024 report, predicting that the wine market will continue to face headwinds this year, with volume projected to decline once again. Continue reading →
Posted in News on January 19, 2024Impact Unveils Its Latest Class Of “Hot Prospect” Wine Brands
While growth in the wine market is by no means a given these days, marketers combining the right mix of insight and creativity in their brand propositions are continuing to gain ground. A total of 40 up-and-coming wine brands from across the industry were recently awarded Impact “Hot Prospect” honors, highlighting the wine labels poised to help drive the category in the coming years. Continue reading →
Posted in News on September 22, 2022Wine’s Premium-Plus Tier On The Rise As Total Market Slips
After 10% and 14% gains in IRI channels by volume and dollars, respectively, in 2020, retail sales of wine slumped last year due to tough comparisons against a pandemic-driven boom in the off-premise. Continue reading →
Posted in News on January 18, 2022Impact’s “Hot Prospect” Wines Led By Rising California Contenders, Rosés, And Sparklers
Impact has revealed its annual list of “Hot Prospect” wine brands, highlighting the up-and-coming labels that are primed to become significant market players in the years ahead. Continue reading →
Posted in News on September 10, 2018
