US residents biggest wine drinkers in the world
Photograph from Getty Images
Copyright 2011 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Posted: 02/01/2013
SACRAMENTO, Calif. (AP) -- U.S. residents now make up the largest wine market in the world, consuming 13 percent of all that's produced globally.
That's according to a wine industry analyst who spoke at a major industry gathering in Sacramento, Calif. on Wednesday. Jon Fredrikson told wine industry executives at the Unified Wine & Grape Symposium that U.S. production increased 2 percent last year to help meet demand.
But he said wines from Argentina, Chile and Australia continued to capture a growing share of the U.S. market.
Overseas wines now account for 35 percent of sales in the U.S.
According to the Press Democrat of Santa Rosa, Fredrikson said consumers were driven to cheaper imports by grape shortages in the US in 2010 and 2011 that resulted in higher prices for domestic wines.
Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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