Spiritz Magazine’s Post

Global Alcoholic Beverages Market to Grow by $261.6 Billion from 2024-2028: Craft Segment Driving Growth. #AlcoholMarketGrowth #CraftAlcohol #MarketTrends #GlobalSpirits #IndustryExpansion #TechnavioReport #BeverageIndustry #MarketAnalysis #AlcoholicBeverages #CraftBeerBoom

Discover the future of drinks in India: a vibrant alcohol market booming against all odds, showcasing unprecedented growth in spirits, beer, and wine. Are you ready to explore this untapped goldmine? #IndiaAlcoholMarket #BeverageBoom #SpiritsSurge #BeerExplosion #WineWave #MarketDynamics #LuxuryDrinks #AlcoholTrends #EmergingMarkets #InvestmentOpportunity

𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐀𝐥𝐜𝐨𝐡𝐨𝐥𝐢𝐜 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐨𝐰𝐚𝐫𝐝𝐬 𝐔𝐒𝐃 𝟏𝟖𝟔𝟎 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟎 According to Next Move Strategy Consulting, the worldwide Alcoholic Beverages Market size is predicted to reach 𝙐𝙎𝘿 1860 𝙗𝙞𝙡𝙡𝙞𝙤𝙣 by 2030 with a 𝘾𝘼𝙂𝙍 𝙤𝙛 1.8% from 2024-2030. 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐑𝐄𝐄 𝐒𝐚𝐦𝐩𝐥𝐞: https://lnkd.in/e7jNdzws Consumers are increasingly seeking premium and craft offerings, driven by a desire for unique flavors, authenticity, and higher quality. Craft breweries, artisanal distilleries, and boutique wineries have capitalized on this trend, offering small-batch, high-end products. The globalization of tastes and preferences has led to increased consumption of premium spirits, wines, and beers from around the world. Emerging markets, particularly in Asia-Pacific and Latin America, present lucrative opportunities for market expansion. The market comprises various players such as MillerCoors, The HEINEKEN Company, Constellation Brands, Diageo, Bacardi, Castle Brands, among others. These manufacturers are actively indulging in R&D initiatives, product innovations, and industrial collaborations to enhance their products and increase their growth and geographical reach. #AlcoholicBeverages #BeverageIndustry #FoodandBeverage #MarketTrends #IndustryNews

Compared to a nominal 1% volume growth in global total beverage alcohol in 2022, it was a different story in India where spirits volumes rose by 12%, with beer up 38%, wine up 19% and RTDs up 40%.

**The Rise of Zero Alcohol: A Toast to Innovation and Inclusivity** In recent years, the beverage industry has witnessed a transformative shift towards health-conscious consumption, with the rise of zero-alcohol wines carving a new niche in the market. Once considered the "problem child" of the drink world, non-alcoholic wines are now gaining traction, blending tradition with innovation to cater to a broader audience. The moderation movement, driven by mature drinkers looking to reduce alcohol intake and health-focused younger consumers, has ushered in a new era of alcohol-free options that refuse to compromise on taste or experience. With sales in the zero alcohol sector soaring — seeing over 150% growth in just two years at major retailers (Australia) — it's clear this is not just a passing trend but a significant business opportunity. The challenge has been met head-on by winemakers who, through advanced techniques and relentless pursuit of quality, are now producing sparkling and white wines that rival their alcoholic counterparts in aroma, taste, and structure. This dedication to excellence is transforming perceptions and setting a new standard in the industry. As we stand at the cusp of a revolution, with predictions pointing to a 130% market growth for non-alcoholic wines by 2026 (Australia), the question is no longer about the viability of zero-alcohol wines/spirits but how quickly we can adapt and innovate to meet this growing demand. This shift towards non-alcoholic options isn't just changing what we drink; it's reshaping our social fabric, offering inclusive experiences that celebrate taste and tradition without the alcohol. It's a testament to the industry's ability to evolve and cater to the diverse needs of its consumers. As industry professionals, we are tasked with nurturing this growth, investing in research, and embracing innovation to ensure that the zero-alcohol wine segment reaches its full potential. The time is ripe for us to lead this change, championing a future where everyone has a place at the table, regardless of their drinking preferences. Cheers to innovation and the endless possibilities that lie ahead in the zero-alcohol wine/spirit market. #ZeroAlcoholWines #BeverageIndustry #Innovation #HealthTrends #MarketGrowth #Inclusivity __ Reference: Middap, C. (2022, Nov 20). Winemakers toasting a new generation of zero-alcohol drinks. The Australian (Online)

Wine consumption in Finland has been on a gradual decline in recent years, with the per capita consumption dropping to 1.5 liters in 2023, measured in pure alcohol among those aged 15 and above. This trend reflects broader changes in Finnish drinking habits, as the overall alcohol consumption has decreased since its peak in 2005. https://lnkd.in/erpMD5bP

Latest Innovations within the Alcobev Industry Key trends are shaping the future of alcohol categories, with low and no alcohol products predicted to boom in the coming years, particularly in the US, UK, France, and Germany. While spirits may see a slight decline, wines are outperforming other categories, hinting at inevitable innovations and category extensions. It's crucial for brands to educate consumers on responsible alcohol intake. Emphasizing clarity on alcohol percentage and promoting low-alcohol options can enhance consumer knowledge and choices. Established brands are responding to the trend by introducing line extensions with reduced alcohol content. Technology is also revolutionizing the wine sector, with countries like Australia investing in research grants to become global leaders in no/low alcohol wines. Technology advancements in the wine industry are reshaping the market globally. Japan is expanding its offerings with 'Sparkling Sake' and 'Soda Sake' with lower alcohol content, catering to wellness-focused consumers, especially Gen Z. Reformulation of alcohol duty laws is underway in the UK, while the US is witnessing growth in low alcohol wine but a slower uptake in low alcohol spirits. Brands are adapting by introducing more no/low alcohol products, highlighting the health benefits associated with reduced alcohol consumption. #AlcoholIndustry #Innovations #LowAlcohol #Wine #Spirits #AlcoholConsumption #WellnessBenefits

The improved taste and availability of no-or-low-alcoholic beers, wines, and spirits has contributed to a rapid #market expansion, with the #global market now valued at above $13 billion. Research suggests that many people are not abstaining altogether, but rather alternating between alcoholic and non-alcoholic drinks to limit overall intake. Learn how the non-alcoholic drinks industry can learn from relevant #consumer trends, here: https://on.bcg.com/4cDolFk

#Malt_Beverage Market Size Expected to Surge to USD 68.77 Billion by 2032 https://lnkd.in/gWVHcHAM The global Malt Beverage Market is poised for significant growth over the next decade. With evolving consumer preferences and continuous innovation, both alcoholic and non-alcoholic segments are set to thrive. Businesses that capitalize on regional trends, flavor innovation, and sustainability will likely emerge as leaders in this dynamic market. #MalBeverageMarket #MalBeverageMarketSize #MalBeverageMarketResearchReport #MalBeverageMarketCAGR #MalBeverageMarketGrowth