The Wine Market in the U.S. 2017 (Infographic)

Every year for the past sixteen years, Rob McMillan, founder of Silicon Valley Bank’s Wine Division, writes one of the wine industry’s most authoritative annual reports. The report assesses current conditions and provides a unique forecast based on a survey of more than 500 wineries.

Wine Market Forecasts for 2017:

• Wines sold between $12 and $25 will grow in demand.
• Premium wine sales will increase between 10 and 14 percent above 2016 levels.
• Millennials are beginning to affect the lower price range of premium sales.
• Winery acquisitions should remain quite active through 2017.
• Farm labor supply and costs are the dominant concerns.

Let’s take a look at the numbers featured in the State of the Wine Industry 2017 report:

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