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The alcohol industry stands out as it undergoes changes that are not only fundamental but also unique, driven by changing consumer preferences, technological advancements, and shifting demographics. One of the key factors driving the non-alcohol trend is the ‘sober curious’ movement. Dry January is a good example.
menus through 2027 (Datassential). It’s incredible flavor profile and vivid color will seamlessly elevate any cocktail, dessert, sauce, or non-alcoholic beverage.” According to Monin Proprietary Research, 67% of consumers say they are likely to purchase an ube-flavored beverage or dessert.
Hard seltzer may have hogged the spotlight of the ready-to-drink beverage alcohol market in recent years, but spirit-based RTDs and canned cocktails are providing the buzz today. IWSR also expects RTDs to make incremental volume gains from 2022 to 2027, expanding at a compound annual growth rate (CAGR) of 1%. RTD market grew 1.3%
There is no doubt that whisky is the leader when it comes to the consumption of alcoholic beverages, both in India and around the world. million cases by 2027, there is also a shift towards discerning consumption habits as more appreciators seek offerings that serve quality over quantity.
According to data from CGA by NeilsonIQ , in 2023 alone, Spritz sales in the on-premise tripled year-over-year as consumers thirsted for lower alcohol, jumping eight spots to become the seventh most popular cocktail choice in the United States. Aperol keeps you thin,” one ad promised of the drink’s lower alcohol content. Surpass U.K.
the overall opportunity) at $250 billion this year, and project it jumping to $480 billion by 2027, fueled by subscription fees, hoodie sales, and sponcon contracts. The bank’s analysts estimate the “total addressable market” (i.e., For comparison, the Brewers Association estimates the U.S. percent adults of legal drinking age.”
The proposed Inverary Distillery will produce around 2 million litres of alcohol per annum, and create more than 20 local jobs. Subject to planning permission approval, Inverary Distillery could be up and running by 2027.
He went from celebrated novelist to co-founder of America’s leading non-alcoholic spirits brand. A personal break from alcohol and a passion for the ritual of cocktail making, minus the booze. 500 iterations later, Ritual boasts a line of quality alcohol alternatives and counts alcohol giant Diageo as an investor.
In addition to these stats, SVB shared three key takeaways , the first of which reveals the two dominant factors behind wines glaring supply imbalance: a fundamental shift in consumer demographics and the resurgence of anti-alcohol messaging. No- and low-alcohol wine is also a bright spot, up 27.2 percent year-over-year by volume.
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