The UK household expenditure on wine and champagne is forecasted to see a steady year-on-year increase of around 1.92% on average each year from 2024 to 2028. Starting at 208.03 Pence per capita per week in 2024, the expenditure is expected to reach 223.61 Pence by 2028. Given the 2023 figure as a base, this suggests an upward trend in both value and volume terms, indicating a healthy growth in consumer demand for wine and champagne over these years.
Future trends to watch for include changes in consumer preferences towards premium products, potential impacts of economic factors such as inflation, and shifts in purchasing behavior due to environmental sustainability influences.
