Millennials still key to UK market

14 December, 2017

While UK Millennials are drinking less than their parents, they remain a significant market for alcohol producers, according to GlobalData.

The data analysts said the consumer group shouldn't be viewed as a whole, as older Millennials have more favourable attitudes towards drinking than those that are in the younger bracket.

According to GlobalData’s 2017 Q1 survey only 14% of 25-34 year old consumers in the UK would make fewer alcohol purchases in future if there were significant political or economic changes, compared to 33% globally.

Aleksandrina Yotova, consumer analyst at GlobalData, said: “While a number of trends point towards declining drinking, young British consumers are still the most likely age group to binge drink, according to ONS data."

Keywords: Millenials




Digital Edition

Drinks International digital edition is available ahead of the printed magazine. Don’t miss out, make sure you subscribe today to access the digital edition and all archived editions of Drinks International as part of your subscription.

Comment

Ben Branson

Ben Branson on the future of non-alc spirits

In his inaugural column for Drinks International, Branson takes a wider look at the overall non-alcoholic spirits sector to identify which brands will thrive and which won’t survive.

Instagram

Facebook