Harpers Wine & Spirit Magazine’s Post

Britain's On Premise consumers maintain a preference for Prosecco over Champagne amidst the cost of living crisis. As purse strings tighten, Prosecco's affordability and value proposition appeal to a broader audience, contributing to its continued dominance in the market. Prosecco captures an impressive 72.1% of the total volume share and 59.3% of the value share in the combined Champagne & Sparkling Wine category. In contrast, Champagne has witnessed a decline in both its total volume (14.3%) and value (29.8%) share. 🥂 Learn More: https://lnkd.in/gEKacGMp

Sparkling Wines | Cava - Henkell Freixenet's annual report for the 2023 fiscal year reflects a surge in revenue In the 2023 fiscal year, Henkell Freixenet achieved a net revenue of €1.23bn. This represents a growth of 4.1% compared to the previous year, although the growth momentum has somewhat slowed down (compared to +8.5% in the previous year). Looking at the different segments, sparkling wine (+6%) and spirits (+11%) experienced disproportionate growth. However, the wine category declined by 8% #wine #wines #winebusiness #sparklingwines #sparklingwine #cava #prosecco #winebusiness #cavas

📉 WSWA’s SipSource: Wine and Spirits Sales Decline Continues New data released by WSWA's SipSource today reveal that wine and spirits depletions—actual sales from wholesalers to over 450,000 retailers nationwide—declined -6.0% in the 12 months through August 2024. Wine saw a more significant drop of -8.0%, while spirits fell by -3.9%, signaling potential challenges for the remainder of 2024 and into 2025. Read More: https://lnkd.in/dpS2uDXE

📉 SipSource Report: Wine & Spirits Sales Decline Continues 🍷🥃 WSWA's latest SipSource report shows ongoing declines in wine and spirits sales across the U.S. The slowdown is attributed to shifts in consumer behavior, with both wine (-4.7%) and spirits (-1.9%) experiencing volume drops in the latest 12-month period. Dive deeper into the factors behind these trends and what they mean for the industry. Read more below 👇

According to the recent DISCUS report, the US Spirits market steadily gained market share over the last 20 years, particularly at the expense of beer. In the last year, US Spirits achieved a modest 0.2% growth, reaching $38 billion in sales, surpassing beer sales by 0.4% and outpacing wine sales by 26%. #Usmarketshares #UsSpiritvsBeervsWine #USmarketdynamics

For importers of wine, beer, and spirits, choosing the right port of discharge is not just a logistical consideration; it directly impacts the efficiency of your supply chain. Check out our guide to choosing a port of discharge… #hillebrandgori #DHLGlobalForwarding #Ports

For importers of wine, beer, and spirits, choosing the right port of discharge is not just a logistical consideration; it directly impacts the efficiency of your supply chain. Check out our guide to choosing a port of discharge… #hillebrandgori #DHLGlobalForwarding #Ports

For importers of wine, beer, and spirits, choosing the right port of discharge is not just a logistical consideration; it directly impacts the efficiency of your supply chain. Check out our guide to choosing a port of discharge… #hillebrandgori #DHLGlobalForwarding #Ports