According to an annual study commission by the VinExpo trade show held in Bordeaux, the United States is poised to become the world's largest wine market.
The study found that American wine consumption would rise to 27.3 million hectoliters in 2010 from 23.0 million last year. At the same time French consumption would drop from 27.4 million to 24.9 million hectoliters.
The world wine market is a $117 billion industry. For the first time ever, Russia and China appear in the study among the top 10 consuming countries.
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