The forecast for household expenditure on table wine in the UK shows a steady year-on-year increase from 2024 to 2028, rising from 179.73 Pence Sterling Per Capita Per Week in 2024 to 191.64 in 2028. This represents a consistent annual growth rate of approximately 1.6% to 1.7%, suggesting a stable upward trend. As of 2023, the expenditure was slightly lower, indicating progressive growth expectations in the coming years.
Future trends to watch for:
- Potential impacts of economic conditions, such as inflation and disposable income, on expenditure.
- Consumer preferences shifting towards premium or low-alcohol content wines.
- Impact of sustainability and local production on consumer purchasing decisions.