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The State of the Booze Business: What Does the Future Hold?

Booze Business

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.

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No-alcohol category to grow to 4% of total alcohol market by 2027

Drinks International

The no-alcohol share of the total beverage alcohol market is expected to grow to nearly 4% by 2027 according to a newly published report from IWSR.

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Find Out Monin’s 2024 Flavor of the Year

Chilled Magazine

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.

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US non-alcoholic spirits market set to hit $13m by 2027 – data

Just Drinks

The value of the nascent US non-alcoholic spirits* market could hit $13.3m by 2027, led by growth in the on-premise, data suggests.

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Spirit-based RTDs Take Off

Cheers

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%

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"Legacy" Promises a Winsome Whisky

Spiritz

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.

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The Rise of the Spritz: a Timeline

VinePair

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.

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