Continued plantings across England and Wales are expected to insulate the growing England and Welsh wine industry against climate issues and smaller-than-usual crop sizes.
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Newly released data has revealed a slowdown in outlet closures for some of the sector’s biggest companies, with the numbers levelling off versus the “steep declines” of 2018 and 2019.
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A total of £3.1bn growth is expected for the UK eating and drinking out market from 2022-24, new data has forecasted, with pubs and restaurants set to claim a £1.3bn share.
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The total eating and drinking out market is expected to see 44.7% YOY growth in 2022, the equivalent value of almost £92bn and surpassing its 2019 value growth as pent up demand is set to give the sector a boost in its recovery from the pandemic.
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November was officially the largest month ever for the UK grocery market – a trend that analysts are predicting to carry on into December for a bumper shopping month.
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Premium-and-above spirits are forecasted to increase their global volume market share to 13% by 2024 as consumers continue to search for “authenticity and status”, according to the IWSR.
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Canned drinks and grab-and-go cocktails to go are expected to be given a major boost this summer thanks to a new vogue in outdoor drinking.
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The 2019 grape harvest in Sicily is down by as much as 30% on average when measured against typical recent volumes, according to the initial report from the Consortium for the Protection of Sicilia DOC Wines.
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Wine priced between $10 and $20 will be the biggest driver of value growth for still and sparkling wine over the next couple of years.
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A relatively sunny outlook is being forecast for the global alcohol industry over the next five years, with the wine set to see the largest portion of growth.
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The UK’s status as the biggest importer of sparkling wines will be challenged over the next three years, with the US due to take the top spot by 2021.
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