Recent insight from Southern Glazer’s Wine & Spirits indicates that fizzy drinks are outperforming traditional still-based products by 5-10 points.
Made from either fermentation or carbonation, these fizzy drinks are trending, with bubbly wines and cocktail variations of highballs and spritzers appearing on menus across the country. At retail, sparking...
As the outlook of M&As within BevAlc evolves, companies looking to make M&As accretive need to focus on five success factors: effective integration, preserving brand “magic,” identifying right growth areas, strategic product placement and leveraging supply chain synergies.
Aperol Spritz cocktails have been all the rave over the last few years, claiming spots on menus across the globe. In fact, a recent study by Coffeeness reported the Aperol Spritz as the most popular cocktail in the U.S., with 22 states ranking it as their favorite.
The cultural rise...
There’s no denying the popularity surrounding the ready-to-drink (RTD) beverage market. The U.S. RTD market grew 1.3% in 2022, according to Statista, reaching a value of $4.8 billion.
IWSR also expects RTDs to make incremental volume gains from 2022 to 2027, expanding at a compound annual growth rate (CAGR) of...
In times when consumer preferences are constantly changing, brands need to be able to keep up if they want to stay relevant. Between switching up your marketing tactics, offering new products or aiming to be more sustainable, there are a variety of ways to attract the attention of today’s...
The thirst for ready-to-drink beverages has expanded significantly over the past few years. So much so that Fortune Business Insights projects that the global RTD beverages market size will grow from $749.17 billion in 2023 to $1,155.14 billion by 2030.
Though the market is booming, it's also becoming increasingly saturated...
The Growth Brands Awards are an annual program that determines and celebrates the fastest-growing and top-selling spirits, wines and beers in the U.S. These beverage alcohol brands fuel modern trends while maintaining consumer loyalty.
Which products pulled off these tough tasks in the past year? 2023 was an odd year,...
Consumer thirst for wine has subsided, with total wine volume consumption posting its second consecutive year of loss. Overall wine decreased 3.4% in 2023 to 336.6 million 9-liter cases, according to preliminary figures from the Beverage Information Group.
That's not to say there are no bright spots and growth areas...
Is there a better deal in premium spirits right now than rum? Bourbon's popularity has led to price spikes across that category, while tequila's recent rise has had a similar effect on the cost of agave spirits. Meanwhile, a well-aged rum is unlikely to cause sticker shock.
Which is good...
The sparkling wine category, which had posted growth for 20 consecutive years since 2002, took a tumble in 2023. Sparkling wine consumption fell 3.4% to 25.7 million 9-liter cases, according to The Beverage Information Group's 2024 Industry Overview. That's the same percentage decline as total wine volume consumption for...
