Wine & SpiritsDec, 2019
In 2019 the UK spirits market made £344 billion in revenue, but how is the wine and spirits industry preparing for shifts like climate change, Brexit, and unexpected competition? Our Wine & Spirits special report, published in The Times, explores how the UK wine industry is reaping the benefits of extreme climate changes. It examines how investors can begin investing in wine, an area often considered inaccessible and intimidating, and thereby diversify their portfolios. It also looks at whether the cannabis industry will threaten alcohol sales and consumption in the future. Finally, the featured infographic looks at the £370 billion global wine industry, from average consumption to countries’ preferred imports and exports.
The global wine industry generated $370 billion in revenue in 2019 and is tipped for strong growth in the coming years. Currently the United States tops the leaderboard, when it comes to consumption, with Americans drinking an average of 3.7 litres each, but as China overtakes Italy for third position, it is clear that the global landscape is shifting