Wine on the decline? New report spells trouble for industry’s future

  • 📰 fox5ny
  • ⏱ Reading Time:
  • 72 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Wine on the decline? A new report is spelling trouble for the future of the industry.

is spelling trouble for the future of the industry.

"The industry has got a bifurcation of businesses," Rob McMillan, one of the experts behind the findings, said. "You have the high volume, lower quality, less expensive wines, and then you have the premium wines and everybody is moving toward the premium side."McMillan continued: "The big surprise is that when you really dig down into the data, what you find is that the older consumer, older than 60, are really responsible for the growth of the premium side.

McMillan, the executive vice president and founder of the Wine Division, adds younger consumers, however, are more ambivalent about their choice of alcohol. "They're drinking across categories -- beer, spirits and wine -- versus the older category that prefers wine over the other categories."There's also a number of choices, from spiked seltzer to hard teas to liquor to cannabis. So, what does the industry need to do a better job of to understand the younger consumers' concerns?

"For instance, we don't put calories on wine and people think about calories," McMillan said. "How much? What am I putting in my mouth? Where does this come from? Are there chemicals in it? One of the things that I've said often is, for God's sakes, wine is plant-based.""When you interview younger consumers, they prefer spiked seltzer in terms of health quality over wine.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 587. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Gallo, the biggest U.S. wine company, to lay off 355 in CaliforniaE. & J. Gallo Winery, the nation's largest wine producer, will lay off more than 350 workers as it shifts its distribution in California. And I don't want to hear any whining! What do you expect when you make White Zinfandel?
La source: MarketWatch - 🏆 3. / 97 Lire la suite »