Good Growth In Wine World

Penfolds: Wine Industry Showing Good Growth Despite Tough Economic Conditions

Wine is becoming an increasingly attractive investment during this time of economic uncertainty. As one of the few growth industries last year, (US)$152.5billion of wine was sold globally in 2008. This equates to an astonishing 31billion bottles of wine drunk around the world. Industry experts expect this growth to continue with around 6% more wine sold by 2012 and 14% growth by 2019. The US recently become the world's biggest wine drinking country by volume, taking the crown from traditional wine drinkers, Italy and France. Russia and China are also showing an increase in their demand for wine.