The number of wineries in California has more than doubled since 2000. Check out this visual I made using government data that hits home the point:
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And California wine is a $61.5 billion industry. That’s billion with a B.
Yet, at the same time, California’s share of the U.S. wine market is slipping, down to 61% from 77% in 2000, according to winebusiness.com.
David Freed, chairman of a vineyard investment firm called Silverado Group, told industry insiders iand winebusiness.com in September that he thinks on top of the tumbling market share, there won’t be much new planting in California as Sonoma County is built out, Santa Barbara has regulatory issues, the Central Coast is sputtering, etc.
What do you think of the situation? Has the California wine industry reached its limits or is there still room to grow?