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HVS_Cased_Wine_SP_Article.pdf
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🔗 Source: hilcoglobal.com
📊 Size: 9.85 MB
📄 Pages: 4 pages
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Summary

The US wine market was valued at $63.69 billion in 2021 and is expected to expand at a 6.8% compound annual growth rate from 2022 to 2030. The COVID-19 pandemic caused a significant decrease in high-end wine sales, with entry-level and mid-range wines becoming preferred items for consumers. Baby boomers are the top consumers of wine, but their numbers are trending off, and they are being replaced by younger buyers with different tastes and values. The industry is anticipating a shift and strategizing to minimize the impact of a further reduction in growth. Key considerations for lenders evaluating a prospective borrower or existing portfolio account in the cased wine industry include SKU-level analysis, federal excise tax, shiners, aging, and library wine.

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Description

The US wine market was valued at $63.69 billion in 2021 and is expected to expand at a 6.8% compound annual growth rate from 2022 to 2030.

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  • File Format: PDF
  • File Size: 9.85 MB
  • Pages: 4
  • Language: EN
  • Total Downloads: 176
  • Last Updated: 12 hours ago

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