NASHVILLE, TENN. (RFD-TV) — The U.S. wine industry is facing a structural shift in demand as consumption declines and long-standing growth assumptions are challenged. Market data show total wine volumes falling even as overall market value holds steady, and Chris Laughton, with Farm Credit East’s Director of Knowledge Exchange, says it signals fewer consumers rather than temporary weakness.
The largest pressure point is demographic. Baby Boomers — the industry’s most reliable buyers — are drinking less, while younger consumers are entering the legal drinking age population with significantly lower alcohol consumption overall. Wine, in particular, has struggled to attract new drinkers, compounding long-term demand concerns.
Retail sales data show the steepest declines in lower-priced table wines, forcing tighter shelf space and more competition among brands. Value growth has come mainly from price increases and premium products rather than increased consumption, leaving limited room for expansion.
These conditions are pushing wineries to rethink production levels, packaging formats, and sales strategies as competition intensifies in a market where growth is no longer guaranteed.
Farm-Level Takeaway: Long-term demand uncertainty is reshaping specialty crop strategies as producers adapt to fewer, older consumers.
Tony St. James, RFD-TV Markets Specialist
This Gingery Chicken and Mushroom Soup is a comforting and nourishing option for cold weather, utilizing a medley of fresh, seasonal ingredients readily available in the winter.
November 10, 2023 01:14 PM
·
The State of Louisiana is known as a major wintering location for North American waterfowl. However, a new visitor — a species of Whistling Ducks hailing from South America — may pose a problem to native species.
November 09, 2023 01:52 PM
·
The FAO Food Price Index for October 2023 is out. Where do global food prices stand, and which categories saw the largest gains?
November 03, 2023 01:42 PM
·
Falling feed costs and strong demand for butter could be good news for dairy farmers looking to get their finances back on track.
November 03, 2023 12:38 PM
·
Show producer Donna Sanders shares her perspective on filming the latest episode of Where the Food Comes From at Splenda Stevia Farms, a company growing a sweet specialty crop here in the U.S. that is typically imported from overseas.
November 01, 2023 09:00 AM
·
Splenda’s new stevia farm in Florida is the first of its kind in the United States. Thousands of plants produce millions of leaves that are then turned into plant-based stevia sweetener products. But how do they get the sweet stuff out?
October 31, 2023 09:00 AM
·