US leads global value growth in still & sparkling wines, reveals Vinexpo

January 18^th, 2018 – New worldwide data from Vinexpo for 2016 reveals the US – at nearly $34bn total value in still & sparkling wines – remains firm leader in global value.

The report forecasts that the US wine market will increase its global lead over the next five years. By 2021 US sales of still and sparkling wines are expected to reach just over $45bn in a global market expected to reach 2.66bn cases worth over $224bn.

What is more, the USA is expected to lead world wine volume growth in 2017 for the 23^rd consecutive year when final outcomes are revealed later this year. The data, compiled for Vinexpo by IWSR, is considered among the most reliable of all market data for the wine and spirits sectors.

By contrast, the wine markets of Europe’s heavyweights – France, Germany and Italy – declined in value and volume in 2016, continuing a long-running trend.

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Aksel Ritenis

Axel is the Editor and Publisher of Connoisseur Magazine "for the Finer Things in Life" and has been the custodian of the magazine for over 10 years and leader of a team of freelance Journalists and Community Members who continue to make it all happen!-Join the Team at Connoisseur Magazine!

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US leads global value growth in still & sparkling wines, reveals Vinexpo