Friday, April 04, 2008

Wine Industry news as reported by Wine & Spirits Daily

U.S. LARGEST RETAIL MARKET. California wine sales in the U.S., other states and foreign producers rose 4% compared to the previous year to 745 million gallons (313 million cases) for a total retail value of $30 billion. This value makes the U.S. the largest retail wine market in the world. Of the total volume, table wine sales were 650 million gallons; dessert wine 62 million gallons; and sparkling wine 33 million gallons. California wine's 457 million gallons shipped in the U.S. accounted for a 61% market share of the volume sold.