According to Ibis World, Online wine specialists now make up five of the top 10 most used websites for buying wine, while approximately 72% of industry revenue is derived from selling wine confidence.
Despite a general decline in per capita alcohol consumption in the United Kingdom, the industry has grown sharply over the past five years. This has been a result of the substantial consumer shift towards online retailing.
Over the decade through 2021-22, the industry’s contribution to the economy, as measured by industry value added, is forecast to increase at a compound annual rate of 8.5%. In comparison, UK GDP is expected to grow at a compound annual rate of 2.3% over the same period. This suggests that the industry is in the growth stage of its life cycle. With competition at an all-time high, companies should solidify their positions within the search engines to ensure a profitable year ahead.
Your latest industry insights produced by Inside Online a leading SEO Company
Includes competitive insight into:
You can request a free no-obligation copy of any report and we'll email it straight to you. If you have a specific industry which we have not covered, please let us know.
We hate people who spam or sell your email address. It's safe with us. ICO Registration: ZA094207