Wineries in Texas
The Wineries industry in Texas is in the growth stage of its industry cycle and has expanded rapidly over the past five years. The industry will continue to benefit from a growing number of consumers with increasing incomes and an interest in drinking wine rather than beer and liquor. Millennials in particular have expanded their palates toward domestic wine. Over the past five years, many consumers in Texas have switched to either craft alcoholic beverages or wine for their perceived health benefits and diverse flavor profiles. Overall, the industry is expected to boast increasing revenue over the five years to 2017. Over the past five years, lower price points have helped Texas' largest wineries produce, distribute and market a variety of wines. At the same time, smaller wineries have entered the growing industry, benefiting from selling wine directly to consumers. Projected stabilization of consumers' alcohol consumption will likely slow industry growth 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 fermenting the wine. The industry also makes wine blends, brandies and wines made 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.
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