US Wine Industry Enters Negative Growth Phase; Adoption by New and Younger Consumers Is Lagging  NAPA, Calif. – January 18, 2023 –Silicon Valley Bank, the bank of the world’s most innovative companies and the US premium wine industry, today released its 2023 State of the US Wine Industry Report. The 22nd edition of the annual report provides an assessment of the industry amid current market conditions and shares a unique forecast for the year ahead based on proprietary research and economic and behavioral trends among consumers. While the premium side of the wine industry experienced another strong year amidst an increasingly challenging marketplace – with revenue on average up 9.7 percent through September 2022 – the US wine industry as a whole experienced negative sales volume growth due to a decrease in sales of lower-priced wine. Silicon Valley Bank will host a live webinar with Silicon Valley Bank Wine Division founder and author of the

Wine Executive of the Year – to be announced November 11th on Winemag.com and celebrated in the December “Best of Year” issue LIVERMORE VALLEY, CA – October 16, 2020 –  Wente Family Estates is pleased to announce that President, Amy Hoopes has been nominated in the category of Wine Executive of the Year for the wine industry’s prestigious Wine Star […] The post Wente Family Estates President Amy Hoopes Nominated by Wine Enthusiast for Wine Star Awards appeared first on Wine Industry Advisor. Url:https://wineindustryadvisor.com/2020/10/16/amy-hoopes-nominated-wine-star-awards?utm_source=rss&utm_medium=rss&utm_campaign=amy-hoopes-nominated-wine-star-awards Published Date:Fri, 16 Oct 2020 19:22:05 +0000