The UK red wine market without Protected Designation of Origin (PDO) is forecasted to see a gradual decline in value per capita from 2024 to 2028. The value per capita decreases from 32.57 Euros in 2024 to 31.02 Euros in 2028. The market shows a consistent year-on-year decrease of approximately 1-2%, indicating shrinking consumer expenditure or a shift in consumption patterns. The compound annual growth rate (CAGR) over these five years is negative, further highlighting this downturn.
Future trends worth monitoring include:
- Potential changes in consumer preferences towards more premium or locally produced wines.
- Economic factors, such as inflation or changes in discretionary spending power, could impact future market dynamics.
- Regulatory changes affecting wine imports and taxation that could alter the market landscape.
