Non-alcoholic wine is projected to continue gaining market presence throughout the forecast period. This is due to the zero drinking tolerance while driving and increasing consumer awareness.
Premiumisation in the wine industry is expected to experience significant growth once consumers' purchasing power starts to recover. This will be particularly important for sparkling wines, where lifestyle trends and image play a crucial role.
The government is considering raising excise taxes on wines, specifically sparkling wine. Regular still wine is currently not taxed and this is not expected to change to avoid triggering a surge in cross-border shopping, as neighbouring countries do not impose excise taxes on still wine.
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This is the aggregation of still and sparkling light grape wines, fortified wine and vermouth and non-grape wine. In terms of alcohol content, light wine usually falls into the 8-14% ABV bracket while fortified wine ranges from 14-23% ABV. Low and non-alcoholic wine is also included in the data (attributed to each sector as appropriate).See All of Our Definitions
This report originates from Passport, our Wine research and analysis database.
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