DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/9k6hvh/wine_market) has announced the addition of the "Wine Market Update 2014" report to their offering.
In 2013, a value growth of 1.9% in the UK wine market is estimated, a trend driven primarily by the rising costs of alcohol duty. In effect since 2008, the alcohol duty escalator imposed annual increases of retail price index (RPI) inflation plus 2% in duty on all alcohol sold on the UK market; it has since been abolished for beer and wine in the 2013/2014 and 2014/2015 financial years, respectively.
The UK wine market is extremely well established and benefits significantly from a long history of consumption. This has resulted in the development of an incredibly diverse sector, boasting wines from across a host of new and old world locations, and across the various prices points from budget through to premium.
Nevertheless, the economic downturn exhibited across much of the developed world from 2008 onwards has resulted in a squeeze on consumer expenditure in recent years. Many sectors have struggled to achieve growth as a result, with the on-trade market and the premium Champagne segment in both the on- and off-trade suffering significantly.
Other sectors, however, have emerged as high growth areas. One noticeable example is sparkling wine, and in particular Italian Prosecco. Such products are increasingly being consumed in favour of the premium Champagne products for celebratory occasions, a role traditionally reserved for Champagne in the UK. Furthermore, improving awareness of the quality of non-Champagne sparkling wines, their reasonable pricing and luxury character have led them to emerge as an alternative table wine to standard still red and white wines in the on- and off-trade.
Key Topics Covered:
- Executive Summary
- Market Definition
- Market Size
- Strengths, Weaknesses, Opportunities and Threats
- Current Issues
- Company Profiles
- Accolade Wines Holdings Europe Ltd
- Bacardi-Martini Ltd
- Bargain Booze Ltd
- Bibendum Wine Ltd
- Brown-Forman Beverages, Europe, Ltd
- Diageo Plc
- Direct Wines Holdings Ltd
- Majestic Wine Plc
- Matthew Clark Wholesale Ltd
- Pernod Ricard Uk Ltd
For more information visit http://www.researchandmarkets.com/research/9k6hvh/wine_market