December 2/Obesity, Fitness & Wellness Week -- Americans will be tipping their glasses this holiday season. According to new Mintel research, two-thirds of survey respondents (67%) say they partake in wine on holidays and special occasions while at home. Another 58% drink wine at home with dinner on an ordinary night.
The wine market has grown 20% from 2004-09 despite the recession; however, shattered consumer confidence caused a 3.2% decline during the height of the financial crisis in 2008. As consumers begin to see signs that the worst of the recession is behind them, Mintel forecasts the wine market will stabilize and increase by 2.1% in 2009.