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Retail Value Rises For Key Players In Wine Market’s Above-$10 Tier
Aug 13, 2018
(Shankennewsdaily) - With consumers moving upscale, wines retailing at $10 a 750-ml. and higher continue to significantly expand their share of the U.S. market. In 2017, the $10-and-up segment rose 5.7% to 75.7 million cases, according to Impact Databank, while the total table wine category advanced 0.2% to just under 290 million cases. Over the past four years, the $10-plus segment has grown its share of category volume from 21.8% to 26.2%.
Jackson Family’s Kendall-Jackson leads the $10-and-up tier with retail sales value of $542 million on volume of 3.2 million cases. After steady growth from 2010-2016, the Chardonnay-focused brand declined last year, but remains $86 million ahead of second-ranked Ménage à Trois. Jackson Family’s La Crema is also among the top premium brands in the U.S. with retail sales of $322.7 million and volume of 1.2 million cases.
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