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Spirit Production in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Spirit Production Market Research Report | SIC C11.010 | Oct 2014

That's the spirit: Firms drink to a rise in revenue thanks to demand from emerging markets

IBISWorld’s Spirit Production market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Chivas Brothers Ltd Chivas Brothers Ltd market share
Diageo plc Diageo plc market share
Edrington Group Ltd Edrington Group Ltd market share
William Grant and Sons Distillers Ltd William Grant and Sons Distillers Ltd market share
Industry Statistics & Market Size
Revenue
£5bn
Annual Growth 10-15
5.5%
Annual Growth 15-20
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Profit
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Employment
11,224
Businesses
112
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 - Starting a New Business Chapter

The barriers to entering the Spirit Production industry are high. Production is highly capital-intensive for all distilleries and substantial volume is needed to spread out these costs. The long interval between the start of production and the final product being available means that cash flows are not established for some time.

Some products can be distilled over shorter periods, but other whiskies can take over two years of ageing. Delayed revenue can deter players with smaller cash reserves from entering the market. Due to the relationship between ageing and quality, these players may still compete in the value-oriented segments of the market. Many small distilleries have been able to carve out a profitable niche by focusing on local markets and cheaper brands... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Spirit Production Industry?

Firms in this industry distil, bottle and sell spirits and liqueurs to wholesalers, retailers and the on-trade.

Industry Products
WhiskyGinVodka
 
Industry Activities
Distilling and bottling whiskyDistilling and bottling ginDistilling and bottling vodkaDistilling and bottling liqueurs


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