NewswireTODAY - /newswire/ - Noida, Uttar Pradesh, India, 2010/06/02 - With the increasing number of young wine drinkers, the US will become the largest wine consumer in the world, says RNCOS.

According to our new research report “US Wine Market Forecast to 2012” the US is one of the largest wine producers and consumers in the world. In 2009, the US wine production increased by 14% Year-On-Year and the consumption rose by 2%. Our estimations reflect that the US wine consumption will grow at a CAGR of more than 3% between 2010 and 2013.

We have found that the US wine consumption soared owing to the drinking habits of Millennial Generation. People under this group start to drink wine in early adulthood that has given strong impetus to the overall wine sales. Besides, this generation has been adding 5% more new adults each year to the US population as compared to the Gen X. Hence, the Millennial Generation promises bright future for the US wine market.

Our report also gives deep insight into the current and past trend of wine consumption by type (Table wine, Dessert wine and Champagne or Sparkling wine). Demand for table wine has been consistently surging for the past few years. The upsurge in table wine consumption could be attributed to often public news that moderate wine consumption has positive effects on the health. According to a research by Harvard University, men, who consume one to two glasses of red wine a day, have 40% lower risk of an ischemic stroke. Hence, the analysis of all the factors supports the prospective CAGR of over 3% in table wine demand between 2010 and 2013.

“US Wine Market Forecast to 2012” also provides information about the past and current trend of wine consumption by color mix (red wine, white wine and blush wine). Besides, the report discusses market drivers and consumer behavior. It also provides rational analysis of the wine imported in and exported from the US. The report also covers the state wise analysis of the wine industry. We have also identified important growth obstructers along with the suggestions to overcome them. In this way, the report presents a complete and coherent analysis of the US wine and will prove decisive for clients.

Report/IM133

About RNCOS

RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.

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