25th November, 2015 by Neal Baker

Figures from Euromonitor International show that the value of the luxury spirits market will top £12.8 billion by 2020 based on current exchange rates and prices – up from £6.9bn in 2010.

Meanwhile, the growth of volume of sales being made in the overall spirits category is expected to slow to a near halt between 2015 and 2020, according to recent IWSR research.

The US will be the main driver of the luxury spirits sector, growing in value from £2.5bn in 2010 to £4.9bn in 2020. The UK will have seen the value of its luxury spirits market grow from £432m to £525m.

All categories will have witnessed strong growth by the end of the decade, especially Tequila/mezcal and whisk(e)y, growing from £570m to £1.2bn and £1.9bn to £4.1bn respectively.

Read More at Source | Drinks Business