
U.S. Wine, Brandy, And Brandy Spirits Market. Analysis And Forecast to 2030
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View PricingDiageo Faces Critical Decision on Sales Targets Amidst Sector Challenges
Diageo's recently appointed finance chief, Nik Jhangiani, is facing significant pressure to reconsider the company's ambitious medium-term sales goals. According to a report by Reuters, there are growing concerns among investors about the feasibility of the spirits giant's current targets given a backdrop of declining sales and economic headwinds. The world's leading spirits manufacturer is set to announce its interim financial results on February 4, marking Jhangiani's first major presentation since taking on his role in September 2023.
Challenging Sales Targets
Diageo, which had set an ambitious target of 5% to 7% annual sales growth under its previous leadership, is now grappling with a challenging market environment characterized by high inflation and rising interest rates. The company's organic sales saw a slight decline of 0.6% last year, casting doubt on its ability to hit these growth milestones. IndexBox data highlights the structural challenges in the global spirits market, with shifting consumer preferences and increased competition playing pivotal roles.
Analysts from leading financial institutions such as Barclays, Jefferies, and RBC Capital Markets have expressed skepticism about the sustainability of Diageo's current growth projections. They anticipate that the company may revise its medium-term guidance in response to these forces.
Industry Trends and Strategic Responses
While Diageo is not alone in recalibrating its growth strategy, competitors like Pernod Ricard and Remy Cointreau are pressing ahead with robust sales targets, albeit amidst similar skepticism. This setting underscores the broader industry's struggle to maintain growth momentum as external economic pressures intensify.
Key investors, including Joseph Gabelli from Gabelli Funds, still see potential for Diageo to navigate current challenges successfully. For Gabelli and others, the crux lies in Diageo's ability to continue its push toward premium product offerings, which have historically underpinned its growth strategy.
Yet, with over 70% of sales in developed markets now stemming from premium products, further growth in this segment may face limitations due to market maturation. This situation calls for a strategic reassessment of Diageo's long-term goals and market positioning.
Conclusion
As Diageo braces for its upcoming earnings report, all eyes are on Jhangiani's strategic clarity in navigating these complexities. Whether the company will opt to reset its growth expectations or continue to champion its previous ambitions could significantly influence investor confidence and market perception moving forward.
This report provides an in-depth analysis of the market for wine and brandy spirit in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 312130 - Wineries
Companies mentioned:
- E. & J. Gallo Winery
- Sutter Home Winery
- Constellation Brands
- Treasury Wine Estates Americas Company
- Elan Chateau Resorts
- Wente Bros
- Domaine Chandon
- F. Korbel & Bros.
- Constellation Brands U.S. Operations
- Royal Wine Corporation
- Jackson Family Wines
- Rombauer Vineyards
- Fetzer Vineyards
- The Wine Group
- Diageo North America
- The Robert Mondavi Corporation
- Foley Family Wines
- Golden State Vintners NAPA
- Laird & Company
- Laird & Company
- International Wine & Spirits
- Jackson Family Wines
- Delicato Vineyards
- United States Distilled Products Co.
- Canandaigua Wine Company
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024