VINEXPO Reports on Spirit, Wine Sales

by Nicole Weston (RSS feed)
Feb 8th 2007 at 8:02PM

A study done for VINEXPO by the International Wine and Spirit Record on wine and spirits sales tracked sales and consumption trends all over the world. It found that the US is in a position to become the leading consumer of wine in the world by 2010, with red wine accounting for more than half of what will be a $23 billion market. Worldwide, wine consumption is expected to increase by 266 million bottles every year until 2010!

Spirits are encountering considerable growth, as well, with tequila, cognac and vodka sales all increasing in the US. Vodka is currently the most consumed spirit in the US, but is expected to eventually account for more than 25% of all spirits consumed. Worldwide, spirit consumption is increasing by roughly 1.3% per year, with drops only in gin, while whisky, rum and tequila are taking off in many other countries.

Tags: sales, spirits, wine, wines