US wine industry

According to a new report, “US Wine Market Outlook 2014”, the US is one of the largest wine markets in the world, outperforming France to become the biggest wine consuming nation. In 2010, the total volume of wine production reached to the mark of 720 Million Gallons, with 7626 bonded wineries growing at a significant pace. Factors, such as rising disposable income and expansion of baby boomers generation are contributing modestly to the market growth. In-line with other significant developments, the total wine production is likely to reach 780 Million Gallons by 2014.

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