The import of vermouth and other flavoured grape wines in the US market for packs less than 2L was 28 million kilograms in 2023. Forecasted data from 2024 indicates a steady growth in imports, with an increase from 29.411 million kilograms in 2024 to 33.509 million kilograms in 2028. This reflects an anticipated year-on-year growth ranging from 3.5% to 3.2% during this period. The Compound Annual Growth Rate (CAGR) over these five years is approximately 3.6%, showcasing a consistent upward trend in import volume.
Future trends to watch for:
- Shifts in consumer preferences towards flavoured wines, impacting import volumes.
- Potential changes in trade regulations affecting the wine import market.
- Innovations in packaging and product differentiation strategies by producers.