Remove 2028 Remove Alcohol Remove Tequila
article thumbnail

IWSR Report: U.S. Alcohol Market Set to Regain Footing After ‘Reset Year’

VinePair

Although last year’s domestic alcohol sales were pretty grim, most are referring to 2023 as a reset year for the U.S. alcohol industry. Still, it’s not all doom and gloom for the beverage alcohol industry at large. In 2023, TBA volume increased by 1 percent globally, and IWSR expects that the U.S. The future of the U.S.

Alcohol 90
article thumbnail

Tequila is India’s New Luxury Sip

Spiritz

The readiness of the Indian market for super-premium and luxury tequila brands is evidenced by the significant rise in high-end tequila sales at Duty Free stores in Delhi and Mumbai. “Projections for the tequila market in India are very encouraging. . By 2028, this market is expected to reach a value of US$87.74

Tequila 83
article thumbnail

Super-Premium Gin Has Struck a Chord With Millennial and Gen-Z Drinkers

VinePair

Over the past two decades, we’ve witnessed increased premiumization across all categories and styles of alcohol. to $29.99, by their metrics) declined by 5 percent in 2023 and are expected to continue falling at a CAGR of -1 percent through 2028. According to data and analytics company IWSR , U.S. growing by 38 percent in volume sales.

Gin 91