According to the forecast data, spirits consumption by households in the UK is expected to increase steadily over the next five years. The projected values are as follows: 38.19 milliliters per capita per week in 2024, rising to 39.73 milliliters per capita per week by 2028. This denotes a consistent year-on-year growth. The percentage growth between consecutive years is approximately 1.05% from 2024 to 2025, 1.01% from 2025 to 2026, 0.97% from 2026 to 2027, and 0.94% from 2027 to 2028.
Assuming the spirits consumption stood at 37.81 milliliters per capita per week in 2023, the average annual growth rate (CAGR) from 2023 to 2028 would be approximately 1.01%.
Future trends to watch for include potential shifts towards premium and craft spirits, changes in consumer behavior driven by health consciousness, and the impact of economic factors on disposable income and spending on non-essential items like spirits.