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Wine Industry Insight |
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According to Nielsen:
“Legal Drinking Age (LDA) festival goers are diverse – they are 55% more likely to be Hispanic and 6% more likely to be Asian American. Males comprise 56% of this group. They also are city dwellers as they are 44% more likely to live within a large/major city. Nearly half of this group are Millennials, between the ages of 21 and 34.
“And these LDA Millennials crave music, especially live music: 63% of their $171 average music spend is on attending live events. 17% of their overall spend is specifically on festivals.
“Festivals are a prime opportunity to reach the coveted millennial audience in an environment where they are already drinking alcohol and conditioned to seeing brand integrations.”