PR Log – According to our new report entitled “US Wine Market Forecast to 2012”, the US wine market is one of the fastest growing markets in the world, both in terms of production and consumption. Outpacing Italy, the country has become the second largest wine consumer in the world. US wine market at present accounts for around 12% of the global wine consumption. Moreover, according to our estimations, US wine market is expected grow at a CAGR of more than 3% during 2010-2013.