Global Wine Consumption to Exceed 26.2 Billion Liters by 2010, According to New Report by Global Industry Analysts, Inc.

The global wine market is currently witnessing steady consumption growth across most markets and wine sectors. Consumption in the global wine market is projected to exceed 26.2 billion liters by the year 2010, growing at a compounded annual rate of about 1.26% over the period 2001 through 2010.

San Jose, CA (PRWEB) March 18, 2008 — The underlying driving force for healthy consumption patterns is the recent medical research findings, which confirm the fact that moderate consumption of wine prevents heart disease, cancer, Alzheimer’s disease as well as muscular degeneration. High publicity received by these findings is spurring consumption of wine at home and at horeca (hotels, restaurants and cafes) outlets, especially in non-wine producing countries. Growing disposable incomes, rising affluence and sophistication and the resultant consumer shift towards consumption of premium alcoholic beverages represent other major factors driving growth in the wine industry worldwide. Developing countries like Russia, China, Australia and India, to name a few, are expected to drive future growth in the market. Changing lifestyles in these countries, which mostly mimic Western lifestyles, is proving to be a major win for the growth in wine consumption. Previously, interest in wines was confined to middle-aged customers, today a growing base of younger consumers are exhibiting a marked preference for wine over other alcoholic beverages.

In the coming years, wine is set to make gains in both developed and emerging markets at the cost of other alcoholic beverages. Proliferation of new players, and focus on high voltage advertising and marketing campaigns are likely to intensify competition in the marketplace as players attempt to leverage their respective competitive position in the market. Increasing use of Internet and on-line sales of wines are also expected to provide excellent growth opportunities. Europe is the largest wine market (http://www.strategyr.com/Wine_Market_Report.asp) in the world and consumption in this market is projected to cross 16.3 billion liters by the year 2015, as stated by a recent report published by Global Industry Analysts, Inc. Asia-Pacific is poised to emerge into the fastest growing region, mirroring the potential to grow at a CAGR of 4.6% over the period 2001 to 2010. Still wine market (http://www.strategyr.com/Wine_Market_Report.asp) is the largest segment with consumption estimated at 20.9 billion liters in the year 2007.

New world wines are a major force to reckon with in the global wine industry and are providing stiff competition to wines from older world regions such as France, Spain, and Italy. Even though older world regions are still the leading global wine producers, rivals have progressed through large-scale production, clever marketing strategies, and competitive pricing. New and improved technology is also enabling producers from new regions such as Australia, California, and New Zealand to manufacture consistently good quality wines. Fortified wine market (http://www.strategyr.com/Wine_Market_Report.asp) is projected to grow the fastest at a CAGR of 2.98% during the period 2011 to 2015.

Changing consumer demands and consumption patterns are increasingly challenging the global wine industry. Increased availability of wine in supermarkets is also spiking household wine consumption and demand shifts. In such a scenario, wine producers need to reposition their business to tackle fluctuating market demands. Retaining brand loyal consumers is another key challenge the producers face. Wine makers are therefore forced to track consumer tastes on a constant basis. Consumers, including women, are experimenting with new varieties of wine, instead of restricting themselves to the traditional grape wine. This has forced producers to be more innovative and offer a large variety of products for demanding customers.

Global wine makers are also reeling under intense price pressures, triggered by rising competition and global oversupply. These factors invariably push price downwards and eat into producer margins. Growing prominence of distribution networks is also aggravating pricing scenario, making competition more fierce. Consolidation is the key to the present and future of the global wine industry. Many players in the industry are on the lookout for growth through mergers, acquisitions, and joint ventures. The fragmented nature of the global wine industry fuels this strategy.

The report titled “Wine: A Global Strategic Business Report” published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, lifestyle trends, product overview, key producers of wine, product introductions/innovations, and recent industry activity. The study also analyzes market data and analytics in volume sales for regions such as United States, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World by the following product segments - Still Wine (Still Red, Still White, and Still Rose), Sparkling Wine, Fortified Wine, and Vermouth.

Key players dominating the global wine market include Bacardi Limited, Brown-Forman Corporation, Castel Group, Constellation Brands Inc., Robert Mondavi Winery, Hardy Wine Company, E.& J. Gallo Winery, Boizel Chanoine Champagne, Maison Burtin, Kendall-Jackson Wine Estates Ltd, LVMH Moët Hennessy - Louis Vuitton S.A., Remy Cointreau Group, Pernod Ricard Groupe, Pernod Ricard UK, Foster’s Group Limited, Vina Concha y Toro, Australian Vintage Ltd, and Warburn Estate, among others.

For more details about this research report, please visit http://www.strategyr.com/Wine_Market_Report.asp

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) (http://www.strategyr.com) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

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Burgundy tasting knights select 2006 vintage wines

Mon Mar 17, 2008 10:52am EDT
By Marcel Michelson

VOUGEOT, France (Reuters Life!) - A French castle, knights and some 900 wines on offer for selection. Welcome to Burgundy’s Tastevin.

The knights of the Tastevin selected some 300 Burgundy wines this weekend, mainly from the 2006 vintage.

Their selections make it easier for consumers to choose a bottle or two amid the myriad of names and appellations in France’s number two wine-growing region after Bordeaux.

The knights, members of a selected brotherhood, wore ribbons with a silver tasting saucer during the ceremony at the cellars of the Clos de Vougeot castle, where monks first planted vines in the 12th century.

Wine buyers, top sommeliers, growers, politicians and journalists were on hand to help with the tasting of 881 wines. Divided over 48 tables, juries of 5 members each tasted 15 to 20 wines and gave them notes before the overall score was reached.

Selected wines can now be sold with a special mention on the label.

The Knights of the Tastevin were formed in 1950 as Burgundy wines needed a quality label. Big names like Romanee-Conti did not need any help but many makers of Nuits-Saint-Georges, Santenay, Savigny-les-Beaune and others needed the distinction.

At the 81st spring tasting on Saturday, several jurors handed out relatively low notes and the general opinion was that the few 2005 wines available were better than those of 2006.

Etienne Grivot, a wine grower in the Vosne-Romanee village, said the wines were unstable because of the recent big swings in air pressure due to the weather.

“They can handle low pressure, they can cope with high pressure, but the swings up and down in recent days are not good for a fragile wine such as made from Pinot Noir,” he said. “We should select the date of the tasting according to the lunar calendar.”

For Yves Nicolas, a wine buyer for the Colruyt chain of supermarkets, the Tastevin seal comes handy.

“The real wine lover does not need it but the average consumer gets lost among the many wines. And the big names you will not find in a supermarket because they are too expensive,” he said.

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Beer better for brain, wine a worry

DOWNING beers and spirits is healthier for your memory and sense of direction than quaffing wine - but not drinking any alcohol is healthiest, according to new research.

German scientists have discovered that drinking wine caused more damage to the part of the brain which provides memory and spatial awareness than most other forms of alcohol, UK newspaper the Daily Mail reported.

The Gottingen University researchers said in an article in the Alcohol and Alcoholics journal that the hippocampus area in the brain was up to 10 per cent smaller in alcoholics compared to “healthy” adults.

The hippocampus, which is associated with memory, is also one of the first regions of the brain to be affected by Alzheimer’s disease, the Mail reported.

According to the researchers, the average size of the hippocampus in non-alcoholics was 3.85ml – but for wine drinkers, it was just 2.8ml.

Both beer drinkers (3.4ml) and spirit drinkers (2.8ml) had a larger hippocampus on average than those that consume wine.

The researchers said in the journal article that very little was known about which drinks were more harmful for the brain.

Read the entire article: http://www.news.com.au/story/0,23599,23390430-401,00.html

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Oregon Wine Grape Production Hits Record

By SARAH SKIDMORE
Associated Press Writer

5:12 AM CDT, March 17, 2008

PORTLAND, Ore. - Oregon produced and crushed a record amount of grapes in 2007, the third year in a row it has hit such highs.

Experts say it’s the result of the right mix of good weather and demand for Oregon wine.

“I think it’s just another impressive figure to show the continued growth in Oregon,” said Chris Mertz, director of the Oregon Field Office of the National Agricultural Statistics Service, which compiled the report.

Oregon wineries sold 1.7 million cases of wine for $207.8 million in 2007. But there is still unmet demand, the report found, particularly for mature grapes such as pinot noir.

“Oregon wines have never been more popular around the world,” said Ted Farthing, executive director of the Oregon Wine Board, which represents the state’s wineries.

Pinot noir and pinot gris production both increased by 15 percent. Cabernet sauvignon production increased by 33 percent.

Read the entire article: http://www.chicagotribune.com/news/nationworld/sns-ap-farm-scene-oregon-wine,1,502916.story

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Foxen Winery

Bill Wathen and Dick Doré have been making wine together since 1985, when they founded Foxen Winery at the historic Rancho Tinaquaic in northern Santa Barbara County.

Since that time, their dedication has remained the same—the creation of very small-production, vineyard-designated wines using a “minimalist” approach to winemaking. The winery is named in memory of William Benjamin Foxen, an English sea captain and Dick’s great-great grandfather, who came to Santa Barbara in the early 1800’s. In 1837, this Santa Barbara County pioneer purchased the Rancho Tinaquaic, a Mexican Land Grant that originally totaled nearly 9000 acres and comprised most of what is now known as Foxen Canyon. Captain Foxen adopted the distinctive “anchor” as his ranch cattle brand, which has become a trademark of the winery. It is very fitting that Foxen Winery makes its home on the 2000-acre Rancho Tinaquaic, which remains in family hands.

“Foxen continues to go from strength to strength, no matter what the varietal . . . .The winery has been on a hot streak and just about every wine they have produced over recent vintages merits serious attention.”

– Robert Parker, Jr., August 28, 2006

To learn more about Foxen and to order wine, visit: http://www.foxenvineyard.com/

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Tantara Winery

Since 1997, Tantara has been dedicated to producing the very finest Pinot Noir, Chardonnay, and Syrah. Located on the beautiful Bien Nacido Vineyard in Santa Maria Valley (Santa Barbara County), our wines are sourced from top Central Coast growers and vineyard designate from vineyards such as Bien Nacido, Dierberg, Solomon Hills, Sanford & Benedict, Rio Vista, Talley Rincon, La Colline (Laetitia), Silacci, Pisoni, Garys’, and Brosseau.

In addition to our two acres of Bien Nacido G Block Pinot Noir, in 1999 we planted ten acres of Pinot Noir and two acres of Syrah which will bring our own vineyard holding to about fourteen acres when these new plantings come online in 2005. This fruit will then make up our estate bottling.

Because of our commitment to detail and the finite amount of fruit that meets our standards, total winery production remains small (approx. 7,500 total cases for the 2005 vintage).

Winemaking

California’s Central Coast, from Santa Barbara to Monterey is blessed with ideal growing conditions for Pinot Noir and Chardonnay. A long growing season with abundant sunshine for sugar production but enough cool nights and foggy mornings for color extraction and complex flavors, gives us the opportunity to work with some of the best fruit in the world. It is our goal that this bounty of nature be transformed into great wine.

For Pinot Noir, the fruit is de-stemmed and fermented in open top vats. We use both native yeasts and prepared yeast culture to add complexity. Punch down is by traditional methods. After the primary fermentation, the wine is pressed and put into French Oak barrels where it undergoes a secondary or malolactic fermentation. The wine is racked after ML is complete and left undisturbed until it is assembled and bottled, unfined and unfiltered. We believe this style of winemaking lets the fruit achieve its full potential, giving wine that is seductive in the short term, while allowing the development of aromatic and flavor complexities with bottle age.

For Chardonnay, the fruit is whole cluster pressed, the juice settled then put into French Oak barrels. Both primary and malolactic fermentation occur in barrel. The lees are stirred occasionally until ML is finished, then the wine rests sur lie (on its lees) for 10 - 12 months until it is bottled. The style of winemaking we employ for Chardonnay creates enough forward fruit to make it accessible upon release, but with a structure that allows it to improve and gain complexity in the bottle.

Origin of our Name

Tantara was the name of a horse owned by Bill Cates some years ago. After Tantara was retired to pasture, she defied predictions of an imminent demise and lived to a ripe old age. Horses symbolize elegance, grace and power and in Tantara’s case, long life, all of which are qualities we embrace for our wine.

Winemakers

Friends for over twenty years, Jeffrey Fink, an architect and Bill Cates, were both orignally from Virginia. They converged in California on a mission: to transform noble fruit into world class wine and have a good time doing it.

For more information, visit http://www.tantarawinery.com/

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Younger People Driving Wine Growth

Winery Owners Discuss Keys to Success at Wineries Unlimited

Chris Torres
Staff Writer

VALLEY FORGE, Pa. — Here’s some news that will make wine makers want to pop open a bottle of the bubbly: wine consumption continues to increase, with no end in sight.

At least that’s the result of a 2007 study that was presented last Friday by one of the nation’s largest wine research organizations.

Jennifer Pagano of Wine Market Council, presented the results of the study at last week’s Wineries Unlimited convention at the Valley Forge Convention Center.

The convention, billed as “the largest of its kind East of the Mississippi,” featured four days of workshops and presentations as well as a large trade show, all geared to not only educating the most experienced wine afficionados, but newcomers as well.

In recent years, wine consumption has continued to increase, with many states not typically known for wine, including Pennsylvania, increasing their overall production.

Consumption went up again in 2007, according to Pagano. Total wine consumption in the U.S. was around 300 million cases last year, which Pagano said enabled the U.S. to pass Italy as the number two wine consuming nation by volume. Consumption per person, however, still lags behind Italy and France, who are the world leaders in that category.

Read the entire article: http://www.lancasterfarming.com/node/1141

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Sonoma’s Great Grape Hunter

by Robert Parker

Winemaker Bill Hunter is the force behind Chasseur Wines’ beautiful chardonnays and pinot noirs (”chasseur” is the French word for “hunter”). The artisanal winery—5,000 cases are made per year—specializes in small lots of wine from some of the Russian River’s finest vineyards.

94 POINTS
2005 Pinot Noir Freestone Station. The deep ruby-hued wine boasts a striking chocolate, sweet cherry, spice, and floral-scented nose. It is elegant, with loads of intense strawberry and black cherry fruit on the palate, and abundant richness. Enjoy this stunning 2005 over the next 5 to 6 years. $60

94 POINTS
2005 Pinot Noir Sylvia’s. The 2005 Pinot Noir Sylvia’s exhibits notes of roasted Provençal herbs, sweet black cherry, and strawberry jam, with sweet tannins and lovely fruit flavors. Drink this hedonistic pinot over the next 3 to 4 years. $60

94 POINTS
2005 Chardonnay Durell Vineyard. Lemon, peach, crushed rock, toasty oak, and tropical fruit characteristics emerge from this full-bodied, expressive, and flamboyantly aromatic wine. This sensual, seductive, super-intense, pure effort should drink well for 2 to 3 years. $55

Read the entire article: http://www.businessweek.com/magazine/content/08_12/b4076082846246.htm?chan=globalbiz_europe+index+page_after+work

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Amazon’s Grape Escape

By Rick Aristotle Munarriz

Will that be a bottle of red or a bottle of white with your copy of The Grapes of Wrath?

Amazon.com (Nasdaq: AMZN) is gearing up to begin selling wine through its online storefront, this morning’s Financial Times speculates after unearthing a job opening for a senior wine buyer at the world’s leading online retailer.

The eventual hire will be in charge of “the acquisition of a massive new product selection” with the challenge of building an “entirely new selection from the ground up.”

Wine may seem like a no-brainer addition — given the upscale clientele Amazon attracts and its perpetually growing storefront — but don’t pop the cork just yet.

Pimping vino via cyberspace is a thorny issue. Moving libations over state lines is a regulatory challenge. That may explain why Amazon pulled the plug on its 1999 minority stake in WineShopper.com — which now simply redirects to privately held Wine.com — even before the dot-com bubble popped.

Amazon doesn’t currently sell wine through its site. Even third-party merchants on its site, like Wine.com and Wine Country Gift Baskets, sell merchandise stripped of wine bottles. IAC’s (Nasdaq: IACI) Gifts.com sells wine through gift baskets and wine club subscriptions, although the practice is rare beyond the smaller dedicated websites that dare to tangle with state regulators.

If restrictions are easing — and the Financial Times article points to a 2005 Supreme Court ruling that does just that — there’s plenty at stake if Amazon can get on board and deal with red wines instead of red tape.

Read the entire article: http://www.fool.com/investing/general/2008/03/05/amazons-grape-escape.aspx

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WINE OF THE WEEK: Syrah example of quality at good price

Sometimes a wine comes along that defies what you would expect for price and quality. Cycles Gladiator Syrah is one of those.

Found in the market for less than $7, this California wine is an outstanding example of why it is difficult to make a case for an imported wine when the euro is so strong.

I first tasted Cycles Gladiator Syrah out of a bottle that had been opened about six days earlier and the cork casually put back in the bottle.

Under normal circumstances, this wine would have been DOA, but it was incredibly tasty. This is the kind of thing that is the hallmark of top quality wines.

Cycles Gladiator is made from a blend of Central Coast vineyard fruit of considerable quality.

In the glass, Cycles Gladiator Syrah is a deeply opaque purplish-red color with a dense core, going out into a fine violet-red rim definition with medium painted viscosity.

On the nose, there is much freshly crushed black fruit jumping out, with dominance by crushed black cherries, blueberries, brambleberry jam, cranberry confit, black tea, licorice root and earthy minerals.

Read the entire article: http://www.lvrj.com/living/16253301.html

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