UK Distilled Spirits Market Worldwide Industry Analysis, Future Demand and Forecast till 2029

The UK distilled spirits market is estimated to grow at a CAGR of around 3% during the forecast period. The adoption of distilled spirits is being significantly driven by the rising purchasing power of consumers and increasing demand for beverages with natural flavors. The spirits sector is led by millennials and the young-age population who demand innovative and higher-end products. Therefore, the companies are adding natural flavors to improve the quality of the flavor of alcoholic drinks. The increasing availability of distilled spirits with innovative natural flavors is leading to a significant range of options for consumers that allows consumers to opt for the alcoholic beverage of their choice.

As per FoodDrinkEurope, in 2017, the European Union countries exported drinks (including spirit, wine, beer, mineral water & soft drinks) of worth more than $34 billion, out of which around $12 billion comprises of spirits, $3.8 billion comprises of wine and $12.6 billion of beer with a growth of 5%, 12%, and -2% respectively YoY. Total imports related to drinks were near to $6.6 billion mostly comprises of wine and spirits. Wine import rate has been reduced by 1% YoY in 2017. 

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 liter 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.

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UK Distilled Spirits Market Segmentation

By Type

·        Whiskey

·        Vodka

·        Rum

·        Gin

·        Tequila

·        Brandy

·        Others

By Distribution Channel

·        Online

·        Offline

A full Report of UK Distilled Spirits Market is Available @  https://www.omrglobal.com/industry-reports/uk-distilled-spirits-market

Company Profiles

·        Anheuser-Busch InBev

·        Carlsberg Breweries A/S

·        Constellation Brands Inc.

·        Diageo PLC

·        Heineken Holding N.V.

·        Kirin Holdings Co. Ltd.

·        Molson Coors Brewing Co.

·        Pernod Ricard S.A.

·        SABMiller PLC

·        The Boston Beer Company, Inc.

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