Industry Analysis & Industry Trends
While many industries have been hit hard by the recession, wine production has achieved solid growth, with revenue and demand on the rise. A younger generation of wine consumers, the millennials, has boosted demand for wine, especially for bottles in the lower price range. Still, the possibility of higher grape prices, poor harvest conditions and increased regulations will continue to threaten profitability in the next five years... purchase to read more
Industry Report - Starting a New Business Chapter
Recent increases in both enterprise and establishment numbers suggested low barriers to entry. Large multinational companies are currently acquiring American wine operations, further concentrating the industry and increasing the power of the major players. This will make it harder for new entrants to achieve the scale and access the distribution networks necessary to succeed. This trend is driven by the growing importance of marketing, distribution and export capabilities that benefit from economies of scale.
Capital requirements are significant even though operation on a small scale is possible (but not likely to be very profitable)... purchase to read more