Market Research Report
UK Wine Market 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||923808|
Delivery time: 2-3 business days
|UK Wine Market 2019-2025|
|Published: January 14, 2020||Content info:||
UK Wine Market Size, Share & Trends Analysis Report by Type (Still Wine, Sparkling Wine, Dessert Wine, and Fortified Wine), by Distribution Channel (Online and Offline), Forecast Period 2019-2025.
The UK wine market is estimated to grow at a CAGR of more than 3% during the forecast period. UK is one of the major economies in Europe. The country has a population base of 66 million and around 82% of the population is above 15 years. As per WHO, alcohol consumption per capita has decreased slightly from 12.3 liters in 2010 to 11.4 liter in 2016, still higher than the European Union average. The country has a subnational written national policy related to alcohol. The country has excise duty on wine, spirit, and beer. The minimum age to drink beer, spirit, and wine in the country is 18. 26.6% of the people were abstainers in the country in 2016 with 11% lifetime abstainers whereas 15.6% had not to drink alcoholic beverages from last 12 months.
UK is one of the major producers of wine. In 2017, the country exported wine of more than $3.3 billion globally with a trade balance of $2.9 billion. As per Wines of Great Britain, sales of English wines have been increased by 31% in 2018. It is among one of the fastest-growing agricultural sectors in the country as acreage of vineyards has tripled since 2000. In 2018, the production in the country was 15.6 million bottles of wine and is targeting it to increase to 40 million by 2040. The biggest export market of the country is the US and Scandinavia. However, the spirit production is comparatively less in the country, due to this, the country has imported spirit worth $2.6 billion in 2017 with a negative trade balance of around $1.9 billion.
The major companies operating in the UK wine market include Bacardi, Ltd., Carlsberg Breweries A/S, DGB (Pty) Ltd., Diageo PLC, Halewood International, Ltd., Heineken Holding N.V., Kirin Holdings Co. Ltd., Molson Coors Brewing Co., and SABMiller PLC. These companies are actively introducing new products in the market to maintain its market share. For instance, In September 2019, the company has signed an agreement to acquire Castle Brands which is a US-based liquor manufacturer. This acquisition has enabled the company to strengthen its market footprints in growing UK wine market.
The market study of the UK wine market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
The report is intended for wine manufacturing companies, wine distributors and suppliers, and other related companies for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.