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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. The functional beverage market is projected to reach $261 billion by 2032, with a CAGR of 6.5%. billion in annual sales by 2032.
The Indian beer industry faces innumerable challenges in terms of pricing and government taxation that makes it out of reach for many a drinker who would like to experience beer in a pub or a permit room. The scenario, when it comes to remain competitive and adapt to drinking beer in India, is definitely changing.
This bright concoction of ginger beer, vodka, lime and soda in its distinctive copper vessel might not garner the media love of its posher, pre-Prohibition counterparts — except perhaps that time word got out that it’s Oprah Winfrey’s favorite cocktail. The global ginger beer market is expected to reach $7.94 billion this year, up 7.6
I was drinking more cannabis beverages (and non-alcoholic beers) and less alcohol. The cannabis beverage market is projected to reach $117 billion by 2032, reflecting a compound annual growth rate of 58% from 2024 to 2032. I loved it. I didn’t even intentionally quit drinking alcohol.
percent year-over-year until 2032. “The The three cocktails featured baijiu stirred up with a variety of beers and ingredients like Chinola Passion Fruit liqueur, parsnip, yuzu, and jujube. In 2023, Impact Databank estimates that mezcal exports to the U.S. exceeded 803,000 cases, an roughly 1,000 percent increase in just 13 years.
through 2032. To determine the highest-ranking stout in each state, VinePair examined BeerAdvocate’s list of top-rated beers. Given the current hype around high-ABV beers, it’s no surprise that imperial stouts appear the most on this list, with 31 states most preferring the boozed-up brews.
Beer, wine and spirits trends SipSource analysts Danny Brager and Dale Stratton presented new, year-ending data at Access LIVE, delving into what the industry can expect in 2025 and how businesses can achieve growth after a year of turmoil. billion by 2032, according to Fortune Business Insights. billion in 2024 to $117.05
billion by 2032 and India is slated to be one of the major producers of cider. However, these are technically not ciders since they are admixing or cofermenting some amounts of apple juice in ale (beer) or meads,” says Kalp Patel, Director and CoFounder, Wild Harvest Brewing. A well-made cider checks all these boxes.
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