The UK spirits market will witness a marginal growth during 2011-16 with a compound annual growth rate (CAGR) of 0.08%, forecasts a new report by Canadean – Wine & Spirits.
According to the report, "The Future of the Spirits Market in the UK, to 2016", the CAGR which was negative for the period 2006-11 at -0.72%, will turn positive but only nominally.
The year-on-year (Y-o-Y) growth, too, will be marginal but stable at 0.1%. The YoY rate was negative for three consecutive years from 2007; in 2010, however, it grew by 0.1%, the rate which it will continue through 2016.
Six of the eight categories in the market -- Brandy, Gin & Genever, Liqueurs & Cocktails, Rum & Cane Spirits, Specialty Spirits and Whiskey - will have a negative CAGR in the period 2011-16, with only Tequila & Mezcal, and Vodka having the likelihood of CAGR of 1.03% and 0.12% respectively.
Rum & Cane Spirits, Specialty Spirits and Whiskey, along with Tequila & Mezcal, and Vodka had a nominal positive CAGR between 2006 and 2011, while the first three categories were negative even during that period.
