The number of employees in the UK spirits sector exhibited significant fluctuations from 2013 to 2023, standing at 15.35 thousand employees in 2023. Key year-on-year variations include a sharp decline in 2016 by -39.11%, followed by a substantial recovery in 2017 with an increase of 91.28%. The sector's growth stabilized between 2019 and 2023, with annual changes averaging around 2%, reaching 15.35 thousand employees by 2023. The last five years showed a steady average growth rate with a CAGR of 1.47%. Future projections indicate continued moderate growth, with a forecasted 5-year CAGR of 1.48% and an overall growth rate of 7.63% by 2028.
Trends to watch for:
- Automation and AI-driven production processes enhancing efficiency and potentially impacting employment figures.
- Potential regulatory changes owing to health and safety concerns within the alcohol sector.
- Market expansions and the advent of new spirit variants driving employment opportunities.