Industry Analysis & Industry Trends
Although wine has been produced in the United Kingdom since the Roman era, wine production in modern times had, until recently, been little more than a hobby. During the past decade, however, the amount of land dedicated to vine growing has risen by 148%, according to the University of East Anglia. Over the past five years, rising domestic and international interest in British wine has been supported by the attainment of a number of major international awards. Wine is mostly produced in the South and South East of England and is predominantly sparkling. Warmer than average weather for much of the past decade improved grape yields and wine quality. Industry revenue is projected to grow at a compound annual rate of 5.8% over the five years through 2016-17 to reach £87.5 million... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry in the Wine Production industry are moderate. Capital requirements for land, infrastructure and equipment are relatively steep. Setting up a new vineyard is costly, with new grape-growers expected to spend about £25,000 per hectare on planting, trellising, preparation and drainage. Building a winery of decent size is estimated to cost a further £250,000, according to industry publication Horticulture Week. Specialist skills and equipment need to be imported from more traditional wine-producing countries.
A number of new producers have entered the industry in recent years. Barriers to entry are higher for new entrants aiming to become major winemakers. The.. purchase to read more