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

Booze Business

This shift is reflected in the market with beer sales stagnating, wine offering alcohol-free alternatives, and spirits brands introducing non-alcohol versions of cocktails. Overall, 33% of Americans said they had spent $50 or more on a bottle of alcohol in 2022, against just 24% in 2021. Premiumization is most notable in spirits.

Alcohol 246
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Spirit of Gallo Re-Enters Luxury Rum Category with Ron del Barrilito

VinePair

It makes sense Spirit of Gallo is seeking another opportunity in the rum space: the super premium and ultra premium price segments have led the category’s growth in recent years, and are projected to grow at an 8 percent compound annual growth rate (CAGR) by 2027. This high-quality process places the brand in the Super Premium+ category.

Rum 97
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Spirit-based RTDs Take Off

Cheers

IWSR also expects RTDs to make incremental volume gains from 2022 to 2027, expanding at a compound annual growth rate (CAGR) of 1%. Randall’s Wine & Spirits in St. Cocktails and long drinks will see their share of RTD volumes grow 4% across the key markets from 2022 to 2027, IWSR says. RTD market grew 1.3%

Liquor 89
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14 Best Chilean Wines

Marketview Liquor Blog

Join us as we journey through Chile’s vineyards to uncover the 14 best Chilean wines. With an ever-growing market projected to expand by 6.50% between 2023-2027 and reach a market volume of about $5.33 billion in 2027, Chile is cementing its status as a prominent player in the global wine scene.

Wine 52
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14 Best Chilean Wines

Marketview Liquor Blog

Join us as we journey through Chile’s vineyards to uncover the 14 best Chilean wines. With an ever-growing market projected to expand by 6.50% between 2023-2027 and reach a market volume of about $5.33 billion in 2027, Chile is cementing its status as a prominent player in the global wine scene.

Wine 52
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The Rise of the Spritz: a Timeline

VinePair

Just as easy to make as they are to enjoy, Spritzes are typically made with a liqueur, Prosecco , and a splash of soda water, creating something that’s not quite wine but not quite a cocktail, either. Swapping out the cocktail’s traditional glassware for a large wine glass. And people can’t get enough. Their first move?

Liqueur 85