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I would like this information on Wine. With Charts,graphs,Spreadsheets

Analyze a current article concerning "trends in consumption patterns"
Submit a paper in which you analyze the basis for the trends in consumption patterns as discussed in the article. In your analysis, consider the utility derived from the products mentioned in the article, describe what has occurred to change the demand for, or the supply of, the good or service, and market prices of those products or services.

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The response address the queries posted in 1412 words with references.
//Before writing about the analysis of 'Trends on consumption of wine', it is essential to have a look on the wine industry. One should know about the main aspects, which are useful for the effective analysis of consumption trends on wine//

Wine industry

Wine industry is experiencing a major decline from last few decades, as the consumption trends in such type of alcoholic beverages are fluctuating in a vital manner. Wine consumption has been changing from years to years.

According to the estimated data, number of core wine drinkers has increased by 60%. But on the other hand, number of marginal drinkers has dropped. Almost 20% of male wine drinkers accounted drinking more wine in 2008, against the net gain of 14% among female drinkers, which shows the fluctuations in the consumption patterns of wine among the consumers. According to data, the two most important consumer segments that are generation-Xers and millennials have also observed by the significant changes in their consumption habits regarding the wine. For instance, millennial have reported 23% growth in the consumption rate in 2008 as compared to the generation-Xers.

These trends in Millennial are considered as the most important form of positive trends in the consumption of wine. Out of all the developed countries, the US is experiencing more higher or spectacular trends in the consumption of wine as compared to other countries. According to the data, wine consumption rate in the US has increased up to 3.2 percent in 2007, which shows the probability of positive changes or trends in the consumption pattern. This remarkable change in the wine consumption is good for the wine industry. According to the data, total wine retail dollars topped out at $27.9 billion last year, which is a higher growth in terms of wine revenue (U.S. Wine Consumption Still Climbing With No End in Sight, 2008).

Consumption trends on Wine

According to the article, it is evident that there are two major wine consumption trends that are ascertained for the domestic organic and conventional wine market. Out of these two trends, one is a decrease in the main European producing countries such as Italy, France and Spain and another one is an ...

Solution Summary

The response address the queries posted in 1412 words with references.

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