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...
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