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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. Consequently, this marks the first year in nearly 30 years that the industry saw a slip in spirits, beer, and wine sales. The future of the U.S. The future of the U.S.
The non-alcoholic drinks space has exploded in the past five years, with overall volumes swelling 20 percent in 2023 alone. But while Gen Z (at least those of age to drink) is often touted as the age group most excited about alcohol-free options, it’s a different generation driving the category’s growth.
On the less exciting end of the Olympic milestone spectrum, this will be the second Summer Games in a row where alcohol won’t be available for sale or purchase at stadium venues, following 2021’s events in Tokyo. Corona Cero will also serve as the International Olympic Committee’s global beer sponsor in 2026 and 2028.
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Whisky and especially Scotch whisky continues to be the backbone of the spirits segment in both Indian and global travel retail and according to Pl Insight, whisky is the preferred alcoholic beverage for Indian nationals in global travel retail, says Clarisse Daniels, Regional Director, Global Trave Retail - Whyte & Mackay.
By 2028, this market is expected to reach a value of US$87.74 El Cristiano in India Mehra Wines has recently launched El Cristiano in India, which according to Pranav, is known to be the world’s most delicious tequila and one of the most awarded tequila brand globally. percent,” asserts Pranav.
In June 2023, it was announced that attendees of the 2024 Paris Olympics would be prohibited from drinking alcohol at events unless they were VIPs. Organizers justified the decision by citing a 1991 French mandate known as Evin’s Law, which bans alcohol from the general public in stadiums. Some accounts swap the Cognac with wine.
And while Argentina may be better known for wine, the country has a craft beer scene that’s blossomed impressively over the past two decades. Now, there are thousands and the industry is expected to continue growing by nearly 10 percent year-over-year until 2028. In 2010, there were roughly 70 breweries scattered across the country.
Wine Industry report for 2025. SVBs yearly report is widely considered to be the leading source of information on market trends in the wine business, offering an analysis of the overall industry and sharing marketing strategies based on data on pricing, sales, and wineries financial standings. percent revenue decline.
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