Home / Latest News / UK Gin Industry Sees ‘Incredible’ Growth Topping £900 Million

UK Gin Industry Sees ‘Incredible’ Growth Topping £900 Million

Gin_and_tonicThe UK gin industry is booming as last year saw more distilleries opening than ever before.

New figures from the Wine and Spirit Trade Association show that 49 gin distilleries opened across the country in 2015, a massive 50% jump on the number of new distilleries that opened in 2014.

WSTA chief executive Miles Beale described the rate of new distilleries opening as “incredible”.

Industry experts now confidently predict gin sales will break the £1 billion mark over the year ahead.

And there is plenty of interest in buying the produce of these new distilleries, as last year saw £400 million being spent by gin fans in Britain’s shops, up 10% on the previous year.

Britain’s pubs and restaurants also saw a surge in gin sales, with £500 million worth of gin being sold in 2015 adding more than £200 million in sales since 2012, up a staggering 20% in the last 12 months to January.

Miles Beale continued, “This is a hugely exciting time for everyone involved in the UK gin industry. We have seen an incredible rise in the number of distilleries setting up in the last year.

“The WSTA Market Report shows that the sales of gin in our supermarkets and shops have broken the £400 million mark and half a billion pounds worth has been sold in pubs, bars and restaurants.

“This is a massive achievement and shows the Great British spirit continues to boom.”

The WSTA is campaigning to drop the duty taxes on wine and spirits as a way to further improve the growth witnessed in the gin category in recent years.

“Consumers are outraged that excise duty on wine and spirits is so much higher in the UK in comparison to our European counterparts,” Beale said.

“This isn’t just unfair on UK consumers it’s also unfair on great British businesses, like those emerging right now creating export-friendly British gin.

About News

x

Check Also

Poster

Wetherspoon Launches Poster Campaign In Its Pubs Calling On The Prime Minister To Get Rid Of Tariffs Post-Brexit

Pub operator JD Wetherspoon has launched a  poster campaign in its pubs (Monday October 15)  calling on the Prime Minister to get rid of ...