In 2023, the import value of vermouth and other flavoured grape wine to the US stood at its base figure, which lays the foundation for the forecast period starting in 2024. From 2024 to 2028, imports are forecast to grow steadily, with a compound annual growth rate (CAGR) reflecting a robust upward trend. The data suggests consistent growth in demand over these years. Despite being forecasts, these values hint at increased consumption or rising prices.
Future trends to watch for:
- Shifting consumer preferences towards flavoured wines may drive demand.
- Trade policies or tariffs could influence import volumes and values.
- Product innovation and marketing strategies from international producers.
