Bulletin

Britons set to spend more on wine than French

British wine-lovers are set to outspend their French counterparts as they develop a taste for more expensive bottles. Although people drank less after the financial crisis, between 2008 and 2014, the value of the UK wine market rose by 15% to $16.1bn. Research by Vinexpo and the International Wine and Spirits Record forecasts it will reach $17.1bn by 2018, overtaking France as the world's second largest still wine market by value behind the US. Much of this growth has been driven by the popularity of 'premium' wines costing from £7 to £14. Chris Wisson, drinks analyst at Mintel, explained: 'This is part of a wider trend of consumers drinking less but when they do drink, some are looking for something a bit more special.'

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

 

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