Posted: Jul 21, 2020
According to the Wine Analytics Report (WA) released July 15, 2020, consumer spending on domestic wine in June was $3.4 billion and wine spending for the 12 months ending in June reached $70 billion. But according to bw166, the numbers represent a 5% drop from the same period in 2019.
As expected, on-premise wine sales were off over the past six months; in June those sales were 69% down from June of 2019. WA predicts limited on-premise wine sales for the remainder of 2020.
The off-premise world looks quite different. According to Nielsen, at the end of June 27, 2020, off-premise wine sales increased by almost 18% over the same period in 2019, to almost $1 billion.
At about 88% of the market, glass wine packaging remains the dominant container, boxed wines ranked second, accounting for 9% of wines sold. At just $163 million, canned wines captured the smallest portion of sales—still, it is the fastest-growing packaging type, which increased sales 79% over the 52 weeks ending in June 2020. Canned wines commanded an average of $8.60 per 750ml, while wines in glass packaging averaged $9.04 per 750ml.
By Thomas Pellechia
July 19, 2020
Source and complete article: Forbes.com
Go-Wine's mission is to organize food and beverage information and make it universally accessible and beneficial. These are the benefits of sharing your article in Go-Wine.com
Professional consulting to the Food and Beverage industry.www.winebusinessacademy.com
The Wine Thief Bistro & Specialty Wines is a locally owned small business in downtown Frankfort, IL offering world class wines in a relaxed, casual gathering spot for friends and family. Offering world class virtual tastings and touchless carryout.https://www.twtwineclub.com/aboutus
Go-Wine 25 Great Wineries in US selection prioritizes quality, value and availability.www.go-wine.com/great-wineries-in-america
Tasting wine is a nice experience, but visiting the places in which wine is made is a magic moment. Available in New York City for touchless pickup.