Wineries in California
Rising consumer spending and higher per capita expenditure on alcohol have supported demand growth for many different wine varietals, and the industry has expanded to meet growing demand. Much of this growth has occurred as younger adults have been purchasing more wine than traditional premium beer or liquor. Over the next five years, faster growth in California's minimum wage is expected to force many wineries to restructure their capital and labor expenses in an effort to remain profitable. Nonetheless, rising demand will continue to contribute to industry expansion, causing revenue to increase over the five years to 2022.
The Wineries industry consists of companies engaged in at least one component of the winemaking process. This process includes growing and harvesting grapes, crushing and pressing grapes into unfermented wine and then fermenting the wine. The industry also makes wine blends, brandies and wines from other fruit sources.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.