Wine consumption growth is slowing in the US and it's all down to the younger generations, according to Rabobank's latest global Wine Quarterly.
As the US is New Zealand's largest market for wine exports by value, the bank believed bold moves would be required to respond to a changing market structure - and an emerging consumer with different values.
RaboResearch senior wine analyst Hayden Higgins said one of the major drivers of change in the US market – not just for wine – was the rising influence of younger consumers.
"This year will mark an important inflection point in this shift, as the emerging generations – the Millennials and Gen Z – will overtake older generations – the Boomers and Silent – in terms of influence," he said in the report.
Listen to Hayden Higgins' preview of the soon-to-be-released Wine Quarterly on The Country with Jamie Mackay: