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RTDs continue to shine   In 2023, RTDs were the star of the global beverage alcohol market – the only major category to record volume growth (+2%), alongside a strong +6% uptick in value. This growth is expected to continue, with both volume and value forecast to grow at a CAGR of +3% between 2023 and 2028.   As they expand, RTDs are becoming more sophisticated (like us: Thomas Ashbourne Craft Spirits): cocktails (😉🎩) and long drinks are continuing to take share as consumers explore more premium options (👋) , as well as seeking more affordable (👋) and convenient alternatives (👋) to traditional beverage alcohol categories. SEE YOU ON THE SHELVES AND ON THE FLOOR! https://lnkd.in/eT3HbzbC

The IWSR's latest data reveals that no- and low-alcohol drinks are thriving in the UK, even as the overall alcohol market declines. While the total beverage alcohol market is expected to see a -1% CAGR decline over the next five years, the no- and low-alcohol segment grew by 47% from 2022 to 2023 and is projected to grow at a +19% CAGR through 2028. Key drivers include a consumer trend towards moderation and changes in excise duties. Low-alcohol beer, in particular, has seen significant growth, nearly doubling in sales last year. As the market shifts, this segment is expected to add £0.8bn in value by 2028. #ConsumerTrends #Beverage #Innovation #NOLO https://lnkd.in/gASdgjaA

#alcohol #valiantglass #trends Global Low/No Alcohol Market Trends in 2024! The world's leading alcohol beverage data research organization, shows that the sales volume of the no/low alcohol category is expected to grow at a compound annual growth rate of 6% between 2023 and 2027. This actually represents more modest growth than in past years, but is typical of an increasingly mature market. However, the survey data also shows that there are large differences between different market segments. Growth slowed, but strong growth is expected in the next few years. No alcohol, low alcohol Non-alcoholic beverages have proven to be a much larger market, both in terms of size and growth potential: they now account for two-thirds of all no/low alcohol beverage sales. Of these, beer and cider account for the largest share: 72%. The non-alcoholic beverages will continue to take share from traditional alcoholic beverages: by 2027, non-alcoholic beverages are expected to account for nearly 4% of total alcoholic beverage volume in the top ten markets. However, it would be a mistake to interpret this as a direct consumer preference to abstain from alcohol. Rather than abstaining from alcohol altogether, people may increasingly seek to switch between no/low alcohol products and full alcohol beverages. If you want to know more，plz follow me or send my massage. WhatsApp:+86 13774982638

💡Global beverage alcohol market volume growth slows to +1% per annum 2022-2027, whilst value forecast to grow by +2% YOY. 💡Beer outperforms in key markets. 💡More diverse consumer repertoires put pressure on lower price tiers for wine. 💡Mixed picture for spirits. 💡Agave spirits continue to drive sales. 💡Momentum in the RTD market shifts. 💡No-alcohol beer and spirits buoyant. 💡Evolving drivers of premiumsation: the home-premise and eCommerce. https://lnkd.in/gV8qHqab

RTD Alcoholic Beverages Market Anticipated To Reach USD 17.4302259 Billion By 2030 With CAGR Of 6.53% By 2023 - 2030, Due To Rising Consumer Preference For Low-Alcoholic Beverages

Check out our recent article on the current state of beverage alcohol; what trends are moving the market and where we see growth and opportunity ahead in 2024!

📰 IWSR highlights the key factors shaping the outlook of the #RTD category in 10 markets—Australia, Brazil, Canada, China, Germany, Japan, Mexico, South Africa, the UK, and the US—and presents five key questions that beverage alcohol stakeholders should be asking themselves as they plan their business strategy: "Now, as high inflation and cost-of-living continues to impact spending levels across beverage alcohol, RTDs are also serving as a crucial entry point for consumers who want to enjoy premium spirits at a fraction of the bottle price." https://lnkd.in/eTyvtr4n

It looks like hard times are ahead for the alcohol beverage industry. Even in the USA, 2023 showed a decline in sales (for the first time in decades). This is partly explained by the post-COVID correction and partly by the readjustment of the inflation-hit household budgets. A slight growth is forecasted in the period till 2028, which will not however be coming from Europe. The categories suffering the most are single malt whisky and brandy including cognac. #drinks #drinksindustry #beverages #alcohol #spirits #markets #sales #forecasts https://lnkd.in/dZFgX2Nr

According to a new market research report published by Global Market Estimates, the global alcohol ingredients market is projected to grow at a CAGR of 4.5% from 2024 to 2029. The growth of the global alcohol ingredients market is driven by changing consumer preferences towards premium and craft beverages, rising demand for flavored alcoholic beverages, and the expansion of the beverage industry. Browse 147 Market Data Tables and 115 Figures spread through 163 Pages and in-depth TOC on “Global Alcohol Ingredients Market - Forecast to 2029’’ https://lnkd.in/eq56GdE  #GlobalAlcoholIngredientsMarket #GlobalMarketEstimates #GME

For the first time in nearly 30 years, there was a decline (-2% in 2023) in the volume of spirits sold in the key U.S. market, according to IWSR. Global total beverage alcohol declined -1% by volume and rose +2% by value (US$, variable exchange rate) in 2023, but IWSR reports that global beverage alcohol is expected to begin its recovery in 2025. Read about the comprehensive new data and forecasts from IWSR below in Travel Markets Insider https://lnkd.in/ez8zHK7g Lois Pasternak #dutyfree #travelretail