- Second annual report provides expert analysis of North
American wine industry and evolving market trends
- BMO deepens partnership with industry experts WineBusiness
and bw166 to provide data-driven insights to help wine and spirits
clients anticipate and adapt to change in U.S. wine
industry
NAPA,
Calif., Jan. 23, 2025 /PRNewswire/ - BMO, a
leading lending partner to North American wineries, has announced
the upcoming release of its second annual BMO Wine Market
Report. Building on the success of the inaugural edition, the
2025 report will expand its scope to include comprehensive survey
data across both the United States
and Canada, providing an enhanced
view of the North American wine market during a time of critical
market shifts.
Set for release in the second quarter of 2025, the second annual
BMO Wine Market Report will provide wine industry
professionals with insights into consumer behavior, supply chain
dynamics, and shifting market trends. The expanded report provides
deep analysis of industry trends and challenges, including insights
on production volumes and evolving consumer preferences to help
businesses navigate the landscape and find opportunities for
growth.
"We're thrilled to continue building on the success of the
inaugural report with the 2025 BMO Wine Market Report," said
Adam Beak, Managing Director and Head of Wine and Spirits at BMO.
"By combining data-driven insights with our team's deep expertise,
the BMO Wine Market Report helps clients navigate
challenges, seize opportunities, and achieve their goals in this
dynamic and evolving market. As a North American bank with deep
roots in Canada, we're uniquely
positioned to provide this comprehensive view of both markets, from
the wineries in Napa, California
all the way to Oliver, British
Columbia."
The BMO Wine Market Report is produced through a
partnership with BMO, business intelligence firm WineBusiness, and
market research firm bw166, leveraging their combined expertise to
deliver actionable insights for producers, distributors, and
retailers.
Key areas of focus for the 2025 BMO Wine Market Report
will include:
- Comprehensive survey of winery owners and operators across
the United States and Canada
- Current market conditions and trend analysis
- Market volume and value trends, impact of economic factors like
interest rates
- Competition from other beverage categories, including
ready-to-drink and spirits
- Production and supply dynamics
To learn more about BMO's Wine and Spirits Group, click here.
The 2025 BMO Wine Market Report is set for release in the
second quarter of 2025. To view the 2024 BMO Wine Market
Report, click here.
About BMO's Wine & Spirits Group
BMO's
Napa, California-based Wine &
Spirits Group has served the industry for decades. That's why our
dedicated team understands the factors that impact the entire
ecosystem, from wineries, vineyards and distilleries to key support
industries such as distributors, cork and capsule producers, barrel
coopers, and harvesting equipment manufacturers. We know how
industry and economic dynamics such as consolidation, commodity
price fluctuations and changing consumer tastes can affect your
business, and our seasoned professionals can offer guidance you
need to help you navigate industry cycles. You'll get the full
scope of our capabilities, from managing your cash flow to
acquiring real estate or executing an expansion. And with the
experts of BMO Capital Markets integrated into our services, we
provide financing for mergers and acquisitions. BMO Commercial Bank
also serves the needs of the entire food and beverage continuum,
including beverage processors, suppliers and manufacturers.
About bw166
BW166 LLC provides advisory services and data intelligence to
the beverage alcohol industry. The company is also a partner in the
Gomberg Fredrikson Report. The Gomberg Fredrikson report has been
reporting on the US Wine Market since 1948. BW166 also
produces the Total Beverage Alcohol Report that provides data
across Beer, Wine, and Spirits. Both reports use government tax
paid data for volume reporting which is the most complete view of
the US market. In addition, the company uses data from other
government entities such as the Bureau of Economic Analysis, Bureau
of Labor Statistics, and the Census Department to add macro
information on economics and demographics regarding the Beverage
Alcohol Market.
About WineBusiness
WineBusiness Analytics maintains the wine industry's most
accurate databases and provides data-driven analysis, data,
insights and reports to help clients grow and manage their
businesses. In addition to databases, the analytics group also
publishes the monthly Wine Analytics Report.
WineBusiness Analytics is part of the WineBusiness company that
publishes the leading B2B magazine for the wine industry, Wine
Business Monthly, maintains the industry's No. 1 jobs board at
winejobs.com, is the leading source of daily wine news at
winebusiness.com and hosts several conferences and
tradeshows.
About BMO Financial Group
BMO Financial Group is the eighth largest bank in North
America by assets, with total assets of $1.41 trillion as
of October 31, 2024. Serving customers for 200 years and
counting, BMO is a diverse team of highly engaged employees
providing a broad range of personal and commercial banking, wealth
management, global markets and investment banking products and
services to 13 million customers across Canada, the
United States, and in select
markets globally. Driven by a single purpose, to Boldly Grow the
Good in business and life, BMO is committed to driving
positive change in the world, and making progress for a thriving
economy, sustainable future, and inclusive society.
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SOURCE BMO Financial Group