Each year, the team at Silicon Valley Bank on Wine Division publishes a report on the state of the US wine industry. This year’s report includes valuable insights in business trends, consumer confidence, supply & demand levels as well as social media statistics, supported in large part by DTCWW partner VinTank.
Key takeaways include:
- Sales growth is expected to be the highest since the recession (6-10%), despite a tough economy.
- Wine supply is in balance heading into 2014.
- Stable pricing means good news for consumers.
- For wineries, increased grape costs and flat pricing means lower profitability.