Industry Analysis & Industry Trends
The Spirit Production industry has performed well during the past five years. Challenging economic conditions and the long-term decline in spirit consumption have constrained domestic consumption of spirits for most of the period. However, this has been more than offset by a boom in demand for exports, particularly of Scotch whisky. Demand for whisky has soared in emerging markets across Asia, Latin America and Africa due to aspirational spending by young, affluent consumers. Exports are expected to slow in 2014-15 due to slowing growth in emerging markets and anti-extravagance measures in China but the industry should still record growth of 3.3%. During the five years through 2014-15, revenue is estimated to grow at a compound annual rate of 5.5% to reach £5.4 billion... purchase to read more
Industry Report - Industry Locations Chapter
The vast majority of spirits produced in the United Kingdom come from Scotland. Scotland is home to over 120 distilleries and accounts for an estimated 96% of industry revenue. Spirits have been distilled in Scotland since the 14th century. With few grapes to make wine, barley beer was used instead to produce spirits, leading to the development of Scotch whisky. The combination of abundant, fresh water, peat and the Scottish climate give whisky distilled in Scotland a unique flavour. Under EU and other laws, whisky may only be described as Scotch whisky if it has been wholly distilled and matured in Scotland for three years.
There are four major whisky-producing regions in Scotland: the Highlands, the Lowlands, Islay and Campbeltown... purchase to read more