Industry Analysis & Industry Trends
The Spirit Production industry has performed well during the past five years. Since 2008-09, dire economic conditions and the long-term decline in spirit consumption have constrained domestic consumption of spirits. 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. These trends will continue in 2013-14, helping support revenue growth of 4.8%. During the five years through 2013-14, revenue is estimated to grow at a compound annual rate of 5.6% to £5.2 billion.
Industry profitability is estimated to grow moderately over the period... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry displays a moderate level of concentration. The top four players in the industry account for an estimated 72.4% of industry revenue between them. Diageo plc is the largest player in the industry, with 36.1% of the spirits market. Concentration has increased in the industry in recent years as major international beverage groups like Diageo and Pernod Ricard have invested in the booming Scotch whisky industry... purchase to read more