US demand for wine is forecast to reach 1.2 billion gallons in 2021, according to  Wine: United States, a report recently released by Freedonia Focus Reports. Sparkling wine is expected to outpace other demand segments due to the popularity of bubbly beverages with millennials being introduced to the wine market.

Growth will be restrained by baby boomers dropping out of the wine market, as they are among the most valuable consumers of wine. Additionally, beer and distilled spirits represent major competition to wine, as they have lower price points and are more accessible to the average buyer.

These and other key insights are featured in Wine: United States. This report forecasts US wine demand in gallons and in US dollars at the manufacturers' level to 2021. In addition, total production is forecast in gallons and in US dollars at the manufacturers' level to 2021. Total wine demand in gallons is segmented by type in terms of:

• table
• dessert
• sparkling

To illustrate historical trends, total demand, total production, the various segments, and trade are provided in annual series from 2006 to 2016.

Read more at source PRnewswire