Wine industry growth slows as competition heats up, finds Technomic

Wine industry growth slows as competition heats up, finds Technomic

Following strong volume growth earlier in the decade, the wine industry’s upward trajectory continues, but the rate of growth has decelerated. In 2014, total wine volume rose 1.0 percent, and projections for 2015 and beyond call for a similar pace of industry expansion, according to the recently released 2015 WineTAB report from Technomic Inc. “Primary factors influencing the industry’s performance include slowed per capita consumption growth and the proliferation of brands and styles.”

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