Youth Market In US Wine Term Paper

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Youth Market in U.S. Wine Strengths of the Wine Industry:

Awareness about the health benefits of wine drinking is growing

Wine Industry has been able to produce high quality wine at affordable prices of late

Development in biotechnology means that plentiful grape production is likely in future

Weaknesses:

The wine industry has mainly catered to the older generation of wine drinkers thus far

The passive attitude in the industry that the young generation naturally grows into wine drinking as it ages.

Opportunities:

Generation X (21-34-year-olds) spends 10% more than baby-boomers on every type of alcohol, except wine. They also drink 51% more alcohol than baby-boomers do. (Roberts of Wine...

...

If people are not drinking wine by the time they are 26-28 years old, they may adopt the habit when they are older
The U.S. wine industry…

Sources Used in Documents:

References

Scalera, Barbara. (July 2002). "New Ideas for a New Generation." Harpers magazine. Retrieved on July 28, 2003 at http://www.winexwired.com/archives/harpers2.htm

Skeen, Thomas P. "Wine X: Edgy magazine reaches out to next generation of wine drinkers" Walla Union-Bulletin. On July 28, 2003 from (October 23, 2002) http://www.winexwired.com/archives/seattle2.htm

Although U.S. consumption of table wines has been increasing since 1990, the number of drinkers hasn't kept pace with the rise in the adult population (Report sponsored by Wine Market Council in 2000)

This is now widely recognized by the wine market as the Wine Market Council, an industry-funded research and marketing group, has launched an ad campaign in the U.S. aimed at the youth wine market


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