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Sparkling Wine to Lead Growth in the UK Wine Market to 2017

23 September 2013

Despite a slow economic recovery, the UK wine industry is expected to perform well up to 2017. According to Canadean, the industry will grow at a Compounded Annual Growth Rate (CAGR) of 2.4% by value up to 2017. Volume growth is predicted at a slower rate of 1.8%. Sparkling Wine will dominate growth in the UK wine industry.

Still Wine is the largest sector in the UK wine industry and accounted for 82.8% of value and 90.9% of volume in 2012. The sector is expected to grow at a CAGR of 1.8% by volume and 2.3% by value up to 2017.

Despite a small share of market compared to Still Wine, Sparkling Wine is the second largest category in the UK. Value and volume growth for Sparkling Wine are forecast to be above the sector average, at 2.8% and 2.5% respectively up to 2017.

With only a 3% share of the UK market, Fortified Wine continues to suffer from the impact of increased excise duties, and waning consumer popularity. The category is forecast to see growth well below the sector with a CAGR of 1.5% by value and 1% by volume up to 2017.

Sparkling Wine to Lead Growth in the UK Wine Market to 2017

Hypermarkets & Supermarkets increases its hold over the UK Wine sector

Hypermarkets & Supermarkets held the largest distribution share and accounted for just under half of all wine distribution in the UK in 2012. In contrast, Food & Drinks Specialists saw the largest fall in share over the same time period due to difficulty in getting licenses on the high street and a consumer pull towards Supermarkets offering better value. This trend is expected to continue up to 2017.

The Canadean report: ‘The Future of the Wine Market in the UK to 2017’ was published in September 2013.

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