UK Poised to be Europe's Biggest Wine Spender

UK Poised to be Europe's Biggest Wine Spender

Within the next three years the UK wine market will grow so big that wine drinkers here will spend more on still and sparkling wine than any other European country, forecasts VINEXPO and IWSR.

By 2010 retail sales will reach nearly £5.5 billion at which point the British will be spending more on wine than the French, Germans or Italians and making the UK the biggest retail wine market in Europe. Between 2001 and 2005 UK wine sales at retail prices rose 25% to reach more than £4.9 billion.

The study of the UK wine and spirits markets for 2005, with forecasts to 2010*, is part of a global research project commissioned by VINEXPO, the world’s biggest wine and spirits fair, held in Bordeaux, France, from June 17 - 21. The research was conducted by leading drinks researchers IWSR in 28 wine producing countries and 114 wine and spirits consuming markets.

Link to full article...