Take Advantage of the Fine Wine Boom in 2020!

Though consumers may be drinking less, the figures suggest they’re drinking better, with sales of premium still wine rising. Meanwhile, sales of value wines, defined as under £5 ($6), are predicted to fall about four percent over the five-year period between 2015 and 2020.

In other sectors, lower alcohol wines are expected to see greater popularity, driven by health-conscious consumers and lower price points.

British consumers are also predicted to develop a growing thirst for sparkling wines, most notably with prosecco, which is expected to lead the global growth market to reach a total consumption of 8.2 million, 9-liter cases.

Consumption of sparkling wine per head in the U.K. is also set to increase overall from 12 liters in 2015 to more than 15 liters by 2020.

The report also shows that over the next three years, while Australia will remain the leading wine supplier for the U.K., the U.S. is poised to supplant France to become its second largest wine supplier this year.

So what does all of this mean for wine investors?

Well you needn’t be worried about the consumption of table wines going down in value because that won’t affect the price of the wine you’re investing in. However, the growth of the Chinese wine market could be great news for anyone holding or looking to invest in red wines. This is because in the colour of red is seen to be lucky in China, meaning that consumption of red wine is extremely high.