Assets, Efficiencies Drive Deals
Business loves stability, and the wine industry is anything but stable right now. While people drink during both good times and bad, shifting consumer preferences have changed what they’re drinking, and the accelerating pace of those changes have made it tough to gauge where to invest. Wineries that rode a surge in U.S. wine consumption […]
Fewer Cases, Higher Prices
If the end of 2022 indicated the arrival of a new post-pandemic normal in the winery direct-to-consumer market, the past year only further confirmed the new reality. According to data by WineBusiness Analytics and SovosShipCompliant, total shipment value in 2023 came to $4.14 billion, which is even with the previous year. Volume fell by 6.5% […]
Overplanted and Under Sold
Another vintage has been tallied, and it’s being widely described as exceptional, abundant and unwanted. California’s 2023 winegrape harvest came to 3.67 million tons, which is 8% more than in 2022 and significantly more than what the U.S. wine market needs. Average per ton prices for popular varieties and major districts did increase slightly but […]
Industry Metrics: Off-Prem Steady
Value Domestic Wine Sales for 12 months ended January 2024 5% U.S. wine sales including bulk imports, bw166 Other Wine Industry Metrics for January 2024 (versus January 2023) data: -1% off-premise sales value, NIQ channels +1% on-premise sales (52 weeks ended Dec. 2, 2023), CGA by NIQ -12% DtC shipment value, WineBusiness Analytics/Sovos ShipCompliant -21% […]
Upcoming Events
TWGGA Annual Conference & Trade Show: Feb. 22-24 The Texas Wine & Grape Growers Association’s annual conference and trade show featuring educational sessions, networking opportunities and a trade show in Denton, Texas. txwines.org Eastern Wine Exposition: March 12-14 The largest industry event east of the Rockies, the Eastern Wine Exposition is designed to provide Eastern U.S. […]