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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.
percent year-over-year until 2032. “The The cocktail combines Ming River baijiu and Cocchi Barolo Chinato — both of which feature a bitter bayberry and goji berry infusion — with bourbon, lychee black tea, and a bayberry chocolate garnish. In 2023, Impact Databank estimates that mezcal exports to the U.S.
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. And that includes cannabis-infused beverages. billion in 2024 to $117.05
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