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California Wine Crosses 200M Cases In U.S., But Retailers, Suppliers Remain Cautious On Pricing
Mar 8, 2013
(ShankenNewsDaily) - California table wine continued its long-term upswing in the U.S. market in 2012, rising 3% to an estimated 204 million nine-liter cases, according to Impact Databank. Since 2002, consumption of California table wine in the U.S. has increased by more than a third.
While pricing pressure continues to be a key factor at all levels of the market, wines above $20 continue to surge, driving much of the category’s progress.
“The California wine business saw very strong growth in 2012,” says Roger Nabedian, senior vice president and general manager at E&J Gallo Winery. “The premium business in particular has been driving sales.”
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