Kim Flores’ Post

Check out Food Dive's article about how Gen Z's #moderation of #alcohol is changing the #beverage industry. Consumers born between 1997 and 2012, are changing the scope of the #alcoholic beverage market. Nearly one-third, 27% of the generation, claim they never #drink — something the industry is quickly adjusting to. Traditional giants in the #alcohol space are branching out to offer more #nonalcoholic drinks. https://lnkd.in/dtCHg8ZK

Exciting news for beverage enthusiasts! 🥤 Our latest report on UK Beverages Consumption Trends and Forecasts Tracker, Q4 2023, reveals that the market size reached a staggering 11.9 billion liters! 📈 Dive into the essential data showcasing key products and their consumption volumes. https://lnkd.in/gew-AhAt #foodservice #consumer #BeverageTrends #UKMarketInsights 

The alcohol and beverage industry is witnessing a significant realignment as companies adapt to evolving consumer preferences and innovate to stay competitive. That and a lot more will be discovered in this report!   #BeverageIndustry #AlcoholMarket #InnovationInBeverage #ConsumerTrends #CraftBeerRevolution #ReadyToDrink #NonAlcoholicOptions #BeverageTrends #MarketDynamics David Volpicelli https://lnkd.in/dFkpcNRK

Innovation Beverage Group (NASDAQ: IBG) stands out as a developer, manufacturer, and marketer of a diverse beverage portfolio, including a range of non-alcoholic beverages. As the global non-alcoholic beer and wine market is projected to reach $37.21 billion by 2030, the company aims to cater to evolving consumer preferences with its 'Drummerboy' line of non-alcoholic spirits. Drummerboy offers whiskey, tequila, gin, vermouth, and aperitif variants, with four out of five drinks awarded by international competitions. The brand embraces its non-alcoholic nature with the tagline 'Zero Alcohol, Zero Cares Given,' aligning with health-conscious consumers and lifestyle movements like 'Sober Curious.' IBG leverages proprietary technology and vertical integration to create distinct and premium offerings, catering to the growing demand for non-alcoholic beverages driven by factors such as health awareness, product innovation, and regulatory accessibility. As the company expands into the U.S. market, it hopes to continue disrupting the beverage landscape with quality offerings that cater to changing consumer preferences. #nonalcoholic #beverages #sobercurious @innovationbevgroup @drinkdrummerboy

How Can the Beverage Industry Overcome Market Challenges? The beverage industry is facing challenges in the market and is in need of improvement across multiple channels. How can beverage brands use consumer insights to foster loyalty in a health-conscious market? Read the article & panel discussion here: https://lnkd.in/ewmWK8KP Carol Spieckerman "With so much competition, dilution is a natural outcome and the chances of creating the next sensation are diminishing. I don’t see how Oreo-flavored Coke is the answer but further consolidation and acquisition activity would seem to be on the horizon." Richard Hernandez "This is exactly it. I haven’t drank soft drinks in 20 years. This collaboration won’t change that. Because I like the carbonation, sparkling waters have been the go-to for a long time. Now they are enhancing them with nootropics for better cognitive support when you drink it. I don’t think that if they put those in regular soft-drinks that I would go back to them. Still too sweet." David Biernbaum "I’m beginning to think that the term “beverage” has become too ambiguous to be regarded as a distinct “category.” It’s as absurd now as classifying all “food” under a single category."

🔥 Canned alcoholic beverages are experiencing a surge in popularity, becoming a major force in the beverage landscape. 🔥 The market for these convenient and portable drinks is projected to grow rapidly, reaching an estimated $13.37 billion by 2028, with a compound annual growth rate (CAGR) of 13.9%. This impressive growth can be attributed to several key factors, including the increasing premiumization of products, the expanding demographic appeal of canned drinks, and the rising popularity of hard seltzers. As consumers seek convenience without sacrificing quality, ready-to-drink (RTD) cocktails and other canned beverages have tapped into a cultural shift toward easy-to-enjoy, on-the-go alcoholic options. Additionally, regulatory changes and greater societal acceptance have further normalized canned alcoholic beverages, making them a staple at social gatherings, events, and outdoor activities. Several major trends are set to shape the canned alcohol market in the coming years. Sustainability and eco-friendly packaging are increasingly important, as consumers seek out brands that prioritize environmentally conscious production and materials. Innovation in flavor combinations has also become a driving force, with companies experimenting with bold, unique offerings that appeal to a wide range of palates. The rise of low-calorie and low-sugar options aligns with growing consumer demand for healthier alternatives, especially as fitness-conscious individuals look for ways to enjoy alcohol without excess calories. Collaborations and limited-edition releases continue to generate excitement and exclusivity in the market, while the expansion of online retail and direct-to-consumer (DTC) sales has made it easier than ever for consumers to access their favorite canned alcoholic beverages. These factors, combined with favorable global economic conditions, are propelling the market forward and establishing canned alcoholic beverages as a key player in the future of the alcohol industry. More on our site... Visit us today! ▪️ www.Somm.Site #beverage #alcohol #sales #marketing #liquor #beer #hospitality #hotels #restaurants #digitalmarketing #technology #innovation #fyi

Beverage #alcohol consumers are looking for variety and Gen Z consumers aged 21+ are driving #innovation in flavor, format, and packaging. 🍸 Ready-to-drink (#RTDs) cocktail and hard seltzer sales are softening, but these convenient products hold broad appeal among age and household income cohorts. 🍺 Beer sales remain strong in the convenience channel. 🥤 Soft drink brands crossing into beverage alcohol are trending, especially with younger adult consumers. 🍒 Gen Z preferences in non-alcoholic beverages, such as energy, fruit flavors, and added benefits, can inspire innovation in beverage alcohol. Download our new report for a deep dive into the robust beverage alcohol market: https://lnkd.in/dMQwZZJw #foodandbeverage #cpg #cpginsights

The Global non-alcoholic beverage market is expected to reach a compound annual growth of 8.6% by 2030. The market size was valued at $1077.35 Billion in 2022 and it is anticipated to reach $1879.91 billion by 2030. The Non-Alcoholic beverage market includes all beverages without alcohol. The beverages combined in this market are also often called liquid refreshment beverages (LRB). They are Bottled Water which includes carbonated and non-carbonated water, soft drinks covers water-based non-alcoholic drinks, that is carbonated soft drinks, non-carbonated soft drinks, and energy & sports drinks, the juices markets and the ready-to-drink (RTD) Coffee & Tea market which includes packaged coffee and tea beverages in liquid form, ready for consumption. https://lnkd.in/e6UUt-kK

Is functional soda the next big beverage trend? There is a big rise in the beverage market forces propelling the growth of "better-for-you" beverages. The global functional beverage market is predicted to grow at an annual Growth Rate of 8.66% by 2024. There has been an increase in consumer demand for beverages infused with beneficial ingredients such as: 💊 Nootropics 💊 Adaptogens 💊 Prebiotics Exemplified by innovative brands like Poppi. Numerous beverage categories have undergone innovation by incorporating functional product attributes. Certain categories, such as energy and sports drinks, place a primary emphasis on functionality. Even categories like carbonated soft drinks have adapted to incorporate functional elements. From the rapid expansion of prebiotic soda categories to the strategic maneuvers of industry giants in response to shifting consumer preferences. If you’ve been thinking about developing a “better-for-you” beverage, now is the time. Need a beverage partner to help you keep up with the trends and formulate a drink that wins a new generation of customers? Schedule a free meeting with us to map out your next move. #beveragedevelopment #productdevelopment #functionalbeverages #beveragebusiness

📊 As the lines between alcohol and non-alcohol categories blur, staying ahead requires a broad perspective across the entire beverage industry. Beverage Marketing Corporation's U.S. Multiple Beverage Industry Overview gives you a comprehensive, data-driven view of the market, covering 11 key beverage types. This 2024 report includes detailed stats on retail and wholesale sales, volume, growth, per capita consumption, and market share across all sales channels. 🛒 🔍 Key Insights: - Performance analysis of beer, bottled water, soft drinks, coffee, spirits, and more for 2023. - Market share shifts and trends, including the lasting impact of COVID-19. Five-year growth forecasts through 2028, helping you identify opportunities across categories. - Whether you’re looking for a cross-category perspective or detailed forecasts, this report provides the answers you need to navigate the evolving beverage landscape. Read More: https://lnkd.in/g_Gmj7kp #BeverageIndustry #MarketResearch #Alcohol #NonAlcohol #GrowthForecasts #BeverageTrends #BeverageMarketing