The U.S. wine market is the largest wine market in the world at $30 billion in retail revenues.* And although it has grown consistently, particularly at the super and ultra premium end, U.S. per capita wine consumption is significantly underdeveloped relative to the rest of the world.
Over the last decade, increasing demand for wine, specifically super and ultra-premium domestic wine brands, has fostered a need for capital to fund growth, which presents a significant opportunity for Bacchus.
Additionally, over 50% of American wineries are expected to experience a change in ownership within the next 10 years**. There will be an increasing need for capital as these wineries seek to manage transitions and to implement growth strategies. Bacchus will be able to play an important role in serving the capital needs of wineries today and tomorrow.
* Gomberg, Fredrikson & Associates 2010 Annual Wine Industry Review
** Silicon Valley Bank and Scion Advisors report Feb. 2008