U.S. Wine Market

Consumers Continue to Shop for Wine in $109 Billion U.S. Wine MarketGETTY (This article was originally published in Forbes.com. Republished here with permission) After two years of declining wine sales volume in the U.S. market, a new report suggests that the situation may be improving. Developed by Gomberg-Fredrikson & Associates, a wine market intelligence company established in 1948 that uses U.S. government data to analyze wine shipments and revenues, the report shows a positive uptick in wine shipments for the first quarter of 2025. “We are seeing an uptick in both California wine shipments and imported wine in the first [...]

Title Page of 2024 BMO Wine Market Report BMO A new report by Bank of Montreal (BMO) shows that, though wine volume sales are down, actual dollar sales from consumer expenditures on wine have increased in 2023. In fact, if analyzing the BMO report data from 2018 through 2023, wine sales in the U.S. (both domestic and imported wines) increased by 46%. Though part of this is due to inflation and necessary price increases that wineries had to take to keep up with rising supply and labor costs, a good portion is also due to consumers spending more on wine. [...]