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Caution advised on over-hyping the English wine ‘boom’ // Napa, Sonoma vintners weigh in on younger consumer interest in wine
June 19, 2024 - Wine Industry Insight Daily News Feed
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Today’s Most Interesting Wine Industry Data
“In the four weeks ended May 18, sales of domestic table and sparkling wines through NIQ off-premise outlets approached $844.5 million, down 3% versus a year ago. Consumer spending is shifting into more expensive tiers, and value and volume growth in the $25-plus category may indicate a more confident consumer as economic conditions stabilize.”
Source: WineBusiness Analytics
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