Page 9 - Chase Distillery Teaching Note Flip 2022

However, consolidation and concentration are becoming a

growing trend.

Looking ahead to 2022 and beyond, Statista predicts a

continuation of the worldwide growth trend in the gin

industry. It is anticipated that the gin market will see a

compound annual growth rate (CAGR) of 8.9% globally and

14.08% in the UK, from 2021 to 2025. Global sales volumes

are expected to grow by 8% in 2022, with an estimated

934.7 million litres sold by 2025. (Ref 2)