Wine Economist readers who fall into the “trade and media” category should set their map-app coordinates for the Waldorf Astoria Hotel in New York City during the first week in February because that’s where Vino 2015 will happen. This celebration of the wines of Italy is being billed as the “grandest Italian wine event ever held outside of Italy!” Do I have your attention now?
Vino Italiano Renaissance
Italy is the number one source of imported wines in the U.S. market and sales are on the rise. I would call it an Italian Wine Renaissance except that many would counter that Italian wines have no need to be reborn in the U.S. — they have long been popular here. Still there is something to the Renaissance metaphor, starting with Prosecco, which I wrote about in 2014, and continuing up and down the boot-shaped peninsula.
Prosecco’s popularity has invigorated the whole sparkling wine category in the U.S. and is part of a growing interest in Italy beyond the usual suspects. There is much more to Italian wine than the famous names and best-selling styles and varieties, as important as they are, and Vino 2015 is coming to New York to tell that story.
I’ll be there to speak at about Italian wines in a rapidly changing U.S. market. Here’s the description of my session. Click on this link to see the entire agenda.
Trends in the World’s Largest Wine Market : US’s Growing Global Relevance
In 2013, the United States became the world largest wine market, in terms of absolute consumption. Despite economic headwinds, the market grew again in 2014, and is expected to add to these gains in 2015. What segments of the U.S. market are doing especially well—even outperforming? What opportunities lie ahead for Italian wines in the U.S.? This is the ideal discussion with which to kick off Vino 2015.
- Anthony Dias Blue, Editor-in-Chief, The Tasting Panel & The Sommelier Journal
Jon Fredrikson – Gomberg Fredrikson and Associates
Cristina Mariani-May – Co-CEO, Banfi Vintners
Angelina Mondavi – Partner & Winemaker, Dark Matter Wines
Mike Veseth – Wine Economist and University of Puget Sound
I was asked to write the Foreword to the printed program, which gave me an excuse to think about how the many parts of the event come together and what the trade and media attendees might take away from it all. There’s a lot to consider!
Start with the Grand Tasting “Italian Wine Exchange,” featuring over 200 Italian wineries. This, as the name suggests, is a traditional arena for tasting the wine, making contacts, doing deals, renewing relationships, seeing and being seen.
Trade tastings like this always remind me of when we lived in Bologna and would hang out at the Piazza Maggiore just a few steps from our apartment. Everyone came to the Piazza, or so it seemed, and you never knew what new opportunity would present itself through a mixture of purposeful design and simple fortune.
An ambitious series of seminars explores several broad themes. Wine business and economics comes first — the characteristics and dynamics of the U.S. market for Italian wine with its shifting demographics, and the state of the wine industry in Italy. The second theme examines the Italian South — Puglia, Sicily, Calabria and Campania. Italy is too big and diverse in terms of wine to focus on everything, so shining a spotlight on the South — as big and diverse as it is by itself — is a great strategy.
Other seminars take a compare and contrast approach to Italian sparkling wines and to rosés from different regions. A final set of programs looks beyond wine to food (of course!), music and culture, global climate change, Italian craft beers and more. As I explain in my Foreword, I think the formal program parts tie together very well. Lots to share, learn and discuss.
And of course that’s what is going to happen in the hallways, lunches, bars, cafes and so forth when everyone gathers to socialize, do a little business and talk about Italian wine. Just like the Piazza Maggiore!
Years ago I wrote an essay about the economy of Renaissance Italy that was titled “The Creative Economy” and one element of creativity is tension. I will be interested to see how the many tensions in the wine market are addressed at Vino 2015. What kinds of tension? Some of the typical ones, I suppose. Old and new. Modern and traditional. Local and global. North and South (because this is Italy and regional identities are always important).
Add to the list particular tensions in the dynamic U.S. market. The strategies that have been successful for Italian wines in the past may not be the best plans for the future as new demographic groups become the focus of attention and as new parts of the country are targeted for growth. Add new competitors to the mix — new wine regions, new craft beers, spirits and cider rivals — and the situation becomes more complicated.
This tension between stability and change that was at the heart of the Creative Economy 500 years ago is central to the wine market today. I’m interested to see what my creative Italian friends will do with it! Italian wine Renaissance? You be the judge. Ciao, everyone. See you in New York.