Executive Summary

Feb 2019
PROSPECTS
Consumers face price increases

The depreciation of the pound sterling had a disproportionate effect on the wine industry, which tends to be reliant on imports. Wines from France, Spain and Italy are increasingly expensive for British retailers to buy, and they reflect these higher costs in their prices.

Luxury spirits maintains good momentum

Despite a challenging economic environment, luxury spirits managed to maintain a good momentum in 2018. The category reaped dividends from the dynamic pace of innovation, successfully stimulating consumers’ interest.

The renaissance of gin

The strong momentum of luxury spirits was also due to the renaissance of gin, through a growing network of microdistilleries offering original flavours and emphasising their use of local botanicals and craft production methods. Brands such as York Gin and Oxford Botanic Garden Physic Gin successfully established themselves at the entry-level price of the luxury segment, not least for their appeal to younger consumers, attracted by the artisan craftmanship and unique flavours.

COMPETITIVE LANDSCAPE
British vineyards see a window of opportunity

Whilst traditional large-scale foreign brands often have difficulties adjusting to the weak pound, smaller local brands can be opportunistic. Next to the inflated price points of imported products, the premiumisation of English wines is less perceived as an aberration.

Diageo wins on all fronts

In only a few years, the British group Diageo has taken and consolidated second place in the fine wines/champagne and spirits ranking. Behind this feat lies the strong performance of its brandy, vodka and whisky brands, with names such as Cîroc, Lagavulin and Johnnie Walker.

The top player Moët Hennessy stalls

For the first time in almost a decade, the share of Moët Hennessy UK, the leading player in fine wines/champagne and spirits, suffered a setback in value terms in 2017. Despite reasonable actual performances for its champagne brands Moët & Chandon and Veuve Clicquot, it was not sufficient to cope with the dynamism of other categories, most notably luxury spirits.

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Fine Wines/Champagne and Spirits in the United Kingdom

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Overview

Discover the latest market trends and uncover sources of future market growth for the Fine Wines/Champagne and Spirits industry in United Kingdom with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Fine Wines/Champagne and Spirits industry in United Kingdom, our research will save you time and money while empowering you to make informed, profitable decisions.

The Fine Wines/Champagne and Spirits in United Kingdom market research report includes:

  • Analysis of key supply-side and demand trends
  • Detailed segmentation of international and local products
  • Historic volumes and values, company and brand market shares
  • Five year forecasts of market trends and market growth  
  • Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

  • What is the market size of Fine Wines/Champagne and Spirits in United Kingdom?
  • What are the major brands in United Kingdom?
  • How dynamic is the growth of Fine Wines/Champagne and Spirits internet sales?
  • What is driving growth?

Why buy this report?

  • Gain competitive intelligence about market leaders
  • Track key industry trends, opportunities and threats
  • Inform your marketing, brand, strategy and market development, sales and supply function

Fine Wines/Champagne and Spirits in the United Kingdom - Category analysis

HEADLINES

PROSPECTS

Consumers face price increases
Luxury spirits maintains good momentum
The renaissance of gin

COMPETITIVE LANDSCAPE

British vineyards see a window of opportunity
Diageo wins on all fronts
The top player Moët Hennessy stalls

CATEGORY DATA

Table 1 Sales of Fine Wines/Champagne and Spirits by Category: Value 2013-2018
Table 2 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2013-2018
Table 3 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2013-2017
Table 4 LBN Brand Shares of Fine Wines/Champagne and Spirits: % Value 2014-2017
Table 5 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2013-2018
Table 6 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2018-2023
Table 7 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2018-2023

Luxury Goods in the United Kingdom - Industry Overview

EXECUTIVE SUMMARY

Luxury remains resilient amidst political uncertainty
Brexit looms, but millennials prevent gloom
Conspicuous consumption online encourages traditional brands to modernise
Internet retailing is rapidly becoming a necessity for brands, not a choice
Digitisation paves the road ahead

MARKET INDICATORS

Table 8 Number of High Net Worth Individuals (HNWI): 2013-2018

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2013-2018
Table 10 Sales of Luxury Goods by Category: % Value Growth 2013-2018
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2013-2018
Table 12 NBO Company Shares of Luxury Goods: % Value 2013-2017
Table 13 LBN Brand Shares of Luxury Goods: % Value 2014-2017
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2018
Table 15 Forecast Sales of Luxury Goods by Category: Value 2018-2023
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2018-2023

SOURCES

Summary 1 Research Sources