UK Wine Market Will Generate Record Revenue by 2029

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. 

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UK Wine Market Segmentation

By Type

Still Wine
Sparkling Wine
Dessert Wine
Fortified Wine

By Channel 

Online 
Offline

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Company Profiles

Bacardi, Ltd.
Carlsberg Breweries A/S
Constellation Brands, Inc.
DGB (Pty) Ltd.
Diageo PLC
Halewood International, Ltd.
Heineken Holding N.V.
Kirin Holdings Co. Ltd.
Molson Coors Brewing Co.
Pernod Ricard SA
SABMiller PLC

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