US will soon be the world's leading wine consumer

by Nicole Weston, Posted Feb 6th 2007 @ 5:25PM

A detailed examination of the US wine and spirits market has revealed that the country will be the world's leading wine consumer by 2010, with consumption up to 3.8 billion bottles of wine annually. It should also be the second largest wine importer, moving up from its current position in third place behind Germany and the UK, though imported wines represent less than 1/3 of all the wines consumed in the US.

The study was conducted by the International Wine and Spirit Record (IWSR) for VINEXPO, the world's leading wine exhibition held annually in France. It looked at wine trends from 2001-2005, calculating trends from that period and making projections based on them, in addition to considering economic and political factors that might play a roll in the next three years. Worldwide, wine consumption will be up everywhere, with consumer spending expected to be up almost $2 billion more than a decade ago. China and Russia will enter the top ten list of wine-consuming markets and per-capita wine consumption will be up, as well.

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