US: US wine sales hit FY record
Regions like the Napa Valley are helping post record wine sales from the region
Wine sales in the US rose to record of 347m cases last year as the country remained the world’s largest wine market, latest figures show.
This was a 5.3% increase from 2010, with an estimated retail value of US$32.5bn, according to figures from wine industry consultant Jon Fredrikson, of Gomberg, Fredrikson & Associates, released earlier this week. Sales of California wine in the US rose to a record 211.9m cases in 2011, up 5.6% in volumes compared to 2010. The state accounts for 61% of the US wine market.
Global Californian wine sales also increased, by 5.6% to 256.6m cases.
"California’s vintners grew the wine market with creative, innovative offerings at all price points," said Wine Institute president & CEO, Robert Koch.
In terms of popular varieties, Muscat grew by 73% in volume, and sweet red wines, close to a 1% share, increase by around 200%.
Malbec was up 33% in volume terms. Blended Red wines also grew at double-digit levels and moved up to almost 5% market share.
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