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

Booze Business

These drinks often include added vitamins, minerals, or other health-promoting ingredients. “IWSR predicts a 2023-27 value compound annual growth rate (CAGR) of 7% for online alcohol sales in the U.S., compared to a total beverage alcohol (TBA) CAGR of 1% over the same period. This would result in e-commerce’s TBA share increasing from 3.2%

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Luxury as Defined by Whisky

Spiritz

For the period until 2027, it predicts that the consumption of Indian malts is set to grow 13 percent a year compared to Scotch at 8 percent. The demand for whiskies in the country, particularly premium and single malt varieties, has seen significant growth over the last few years.

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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%. 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% in 2022, according to Statista, reaching a value of $4.8

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KSA Car Sharing, Taxi and Truck Leasing Market Report 2024 Featuring UDrive, IDrive, and Ekar – ResearchAndMarkets.com

PubClub

Since then, the industry has expanded at an unprecedented rate as IDrive has continued to promote the idea of car sharing and compete with companies that provide rentals. Such goals for growth, in addition to the arrival of new companies, will encourage market expansion to meet the growing mobility demand.

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A Bro-tastic Instagram Empire’s Savvy Bid for Gen Z’s Beer Money

VinePair

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. Yes, yes, distribution is key, too.

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The Rise of the Spritz: a Timeline

VinePair

At the same time, the no- and low-alcohol category surpassed $11 billion in value , with the IWSR predicting that it would continue to grow at a CAGR of 3 percent from 2023 to 2027. Compared to its boozier cocktail brethren, the lower-ABV Spritz was perfectly positioned to fit right in with the trend.

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Murphy USA Inc. Reports Preliminary Fourth Quarter 2023 Results

PubClub

million in carrying value of 5.625% senior notes due in 2027, $495.7 Marketable securities, current ($ Millions) $ 7.1 $ 17.9 Marketable securities, non-current ($ Millions) $ 4.4 $ 4.4 Long-term debt, including finance lease obligations ($ Millions) $ 1,784.7 $ 1,791.9 Cash balances as of December 31, 2023 totaled $117.8