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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.

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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

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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.

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