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. Robust export demand and product innovation are estimated to underpin growth of 6.4% in 2014-15. During the five years through 2014-15, revenue is estimated to grow at a compound annual rate of 4.9% to £5.6 billion.
Industry profitability is estimated to grow moderately over the period... purchase to read more
Industry Report - Industry Analysis Chapter
The past five years have been solidly successful for spirit producers. Although domestic sales have been limited by challenging economic conditions and declining spirit consumption, booming exports of Scotch whisky have more than offset the contraction. Demand for whisky in emerging markets has grown as incomes have risen and tastes have become more sophisticated, resulting in strong revenue growth. Revenue is estimated to grow at a compound annual rate of 6.4% over five years through 2014-15, reaching £5.6 billion. Over the course of the current year, revenue is projected to rise by 4.9%... purchase to read more