🍹 𝐂𝐡𝐞𝐞𝐫𝐬 𝐭𝐨 𝐂𝐨𝐧𝐯𝐞𝐧𝐢𝐞𝐧𝐜𝐞: 𝐀𝐥𝐜𝐨𝐡𝐨𝐥𝐢𝐜 𝐑𝐓𝐃 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 🌟 📥 Download your PDF: https://lnkd.in/dNZwVhvZ Summary: Explore the expansive global market of Alcoholic RTD Beverages from 2018 to 2021, with future forecasts up to 2030. The market is projected to grow at a robust CAGR of 7.2% from 2023 to 2030. Alcoholic Ready-to-Drink (RTD) beverages offer a convenient and flavorful drinking experience. From hard seltzers to wine spritzers, these beverages cater to a variety of tastes and occasions, making them a popular choice among consumers. By Type: -Hard Seltzers -Hard Kombucha -Flavored Alcoholic Beverages -Cocktails and Long Drinks -Hard Tea -Hard Coffee -Wine Spritzers / Coolers -Sake RTDs -Other Types By End-User: -Retail/Household -Food Service Top Companies: Brown-Forman The Boston Beer Company Bacardi Manchester Drinks Company Ltd Halewood Artisanal Spirits Carlsberg Group Anheuser-Busch Austin Eastciders Molson Coors Beverage Company United Brands LLC #AlcoholicRTD #ConvenienceDrinks #BrownForman #BostonBeer #Bacardi #ManchesterDrinks #HalewoodArtisanalSpirits #Carlsberg #AnheuserBusch #AustinEastciders #MolsonCoors #UnitedBrands #MarketGrowth #GlobalMarketAnalysis #SNR Stats And Research
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Dive into the latest mid-2024 beverage trends! Beer and wine grapple with declines while spirits experience a shift towards RTDs. Discover what's shaping this year's drink scene.
📣 Halftime Report: Beverage Alcohol Industry Insights "Hello, everyone! This is Kaleigh, reporting live from the halftime break with some key insights into the Beverage Alcohol industry's first-half performance. Let’s dive right in! 🍺 Beer: The first half has been challenging for Beer, with a decline of -1.2% in dollars and -3.5% in volume (excluding RTDs like FMBs and Seltzers). Despite this, Imports and Domestic Premiums have shown some growth. The peak summer selling comparisons from 2023 have been tough to match, and the upcoming weeks will be crucial for the overall performance in 2024. 🍷 Wine: Wine has also faced some hurdles, influenced by various consumer drivers of change. However, Wines priced around the $20 mark, both Table and Sparkling, have been recognized by retailers and suppliers. The category, excluding RTD, is down -2.4% in value and -4.5% in volume at this halfway point. 🥃 Spirits: The Spirits sector is experiencing a significant shift towards RTD, especially in the early summer months. Total Spirits saw a slight increase of +0.5% in dollars but a -1.5% decline in volume. Tequila’s positive growth is bolstering dollar sales, and innovative flavors are contributing to the category’s resilience. 🍹 RTD (Ready-to-Drink): RTD beverages are showing strong momentum, with a +2.9% increase in dollar sales and a -0.9% dip in volume. The shakeout between different base types continues, shaping the new normal for RTD’s market share. Consumer preference for flavors has been a significant driver in the first half of the year. Now I'll pass it back to Jon Berg to take us through the game plan for the back half of the year. Back to you, Jon!" 🔮 *This report looks at the 26 week ending period thru July 6th, 2024* #NIQ #NielsenIQ #BeverageIndustry #BeverageAlcohol #Alcohol #AlcoholTrends #Beer #Wine #Spirits #RTD #MarketInsights #SecondHalf #HalftimeReport
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Senior Vice President | NielsenIQ | Leveraging Insights to Uncover Growth | Partnering in the BevAl Industry to Understand What's Next
We have just released our BevAl halftime report - more than just data and information, this is a thoughtful view into what is happening, why it is happening and what to do about it. Put together by the best BevAl thought leaders in the business Kaleigh Theriault Jon Berg for NIQ, you will want to take a look!
📣 Halftime Report: Beverage Alcohol Industry Insights "Hello, everyone! This is Kaleigh, reporting live from the halftime break with some key insights into the Beverage Alcohol industry's first-half performance. Let’s dive right in! 🍺 Beer: The first half has been challenging for Beer, with a decline of -1.2% in dollars and -3.5% in volume (excluding RTDs like FMBs and Seltzers). Despite this, Imports and Domestic Premiums have shown some growth. The peak summer selling comparisons from 2023 have been tough to match, and the upcoming weeks will be crucial for the overall performance in 2024. 🍷 Wine: Wine has also faced some hurdles, influenced by various consumer drivers of change. However, Wines priced around the $20 mark, both Table and Sparkling, have been recognized by retailers and suppliers. The category, excluding RTD, is down -2.4% in value and -4.5% in volume at this halfway point. 🥃 Spirits: The Spirits sector is experiencing a significant shift towards RTD, especially in the early summer months. Total Spirits saw a slight increase of +0.5% in dollars but a -1.5% decline in volume. Tequila’s positive growth is bolstering dollar sales, and innovative flavors are contributing to the category’s resilience. 🍹 RTD (Ready-to-Drink): RTD beverages are showing strong momentum, with a +2.9% increase in dollar sales and a -0.9% dip in volume. The shakeout between different base types continues, shaping the new normal for RTD’s market share. Consumer preference for flavors has been a significant driver in the first half of the year. Now I'll pass it back to Jon Berg to take us through the game plan for the back half of the year. Back to you, Jon!" 🔮 *This report looks at the 26 week ending period thru July 6th, 2024* #NIQ #NielsenIQ #BeverageIndustry #BeverageAlcohol #Alcohol #AlcoholTrends #Beer #Wine #Spirits #RTD #MarketInsights #SecondHalf #HalftimeReport
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The October NIQ Beverage Alcohol Macro Minute 🍺 Beverage Alcohol Macro Minute 🍷 Hello everyone, Kaleigh Theriault and I are back with your quick view of the business. The fall season is upon us, and so is the shift in beverage alcohol trends! Let’s dive into the latest 4-week insights: 📊 Beer: Dollar sales are up (+0.6%), thanks to football season and post-Labor Day action! Imports and Super Premium brands are scoring touchdowns, but Domestic Premium and Craft are getting benched, dragging growth. 🍇 Wine: Still facing a rough patch with dollars down (-2.7%) and volume slipping (-4.1%). But hey, some brands are innovating and pricing smart—could be the game-changers we need! 🥃 Spirits: Spirits are evolving! Dollar growth (+1.0%) and volume (+3.4%) are in the green, fueled by Ready-to-Drink (+24.0%) innovations and good ol' Tequila (+9.0%) stepping up. 🍹 RTD (Ready-to-Drink): This mega-category is on fire 🔥 with dollar sales up (+5.1%) and spirits-based RTDs taking the lead (+24.0%). But seltzers? Might be time to shake things up beyond flavor! Check out the four category view. It's quickly becoming our standard as so many of you have given us feedback that it is more in line with consumer occasions. Thanks for giving us your full macro minute! Huge thanks to Kaleigh for making it all come together. #AlcoholIndustry #BeverageTrends #Beer #Wine #Spirits #RTD #Innovation #BeverageAlcoholMacroMinute And for a macro minute smile: "Why did the scarecrow win an award? Because he was outstanding in his field!" 🌾 "What do you call fake spaghetti? An impasta!" 🍝
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🎉 Exciting developments in the world of hard beverages! 🍻 Retailers like ALDI USA are capitalizing on the growing demand for hard beverages with innovative product launches. The hard beverage scene is evolving fast. Check out how brands like Soula Cocktails and Soke Cocktails take charge with new offerings and flavors that cater to diverse consumer tastes. #RetailTrends #BeverageIndustry #Innovation #ConsumerInsights https://lnkd.in/g4chy5z5
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Managing Director at Greenwich Capital Group and Townsend Street Capital I Food & Beverage / Consumer Products I Investment Banking I Private Equity and Venture Capital Investor
Tequila! Many large players such as White Claw, and The Boston Beer Company (maker of Truly) are expanding their offerings and releasing tequila-flavored ready-to-drink (RTD) cocktails as consumers are increasingly turning to tequila offerings in the beverage alcohol sector. I had the opportunity to share my insights and thoughts on this surging trend with The Food Institute. In the article, I emphasized how innovations in ready-to-drink (RTD) formats, including tequila-based seltzers and margaritas, are meeting consumer demand for novel flavors. Additionally, I pointed out that tequila production has remained stable despite global supply chain disruptions and highlighted the increasing consumer preference for high-quality artisanal spirits. Read the full article here: https://lnkd.in/gB9f-3Ci #Tequila #BeverageIndustry #MarketTrends #ConsumerInsights #RTDCocktails
Tequila is Sweet, Smoky, and Everywhere - The Food Institute
https://foodinstitute.com
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Summer is here and with that comes the season to relax with a refreshing cold beverage...alcoholic or non-alcoholic. Brands are introducing products to meet Gen Z's desire for unique tastes and offerings. Traditional legacy alcohol companies like Anheuser-Busch and Molson Coors Beverage Company have introduced new alcohol products such as Cutwater (ABI) RTD canned cocktails and Happy Thursday (MC) non-carbonated alcohol refreshers. Traditional non-alcohol beverage companies are now entering the alcohol space as well. The Coca-Cola Company introduced an alcohol extension of their popular Simply line with Simply Spiked RTD. This joins their other alcohol line extension of Topo Chico Hard Seltzer. One of the latest and most surprising beverage brands to enter the space is Welch's with their recent launch of Welch’s RTD Craft Cocktails. They've got some refreshing flavors to enjoy this Summer. Food Dive published a report taking a look at how the beverage industry is shifting. Link below in comments. #beverages #alcoholbeverages #nonalcoholbeverages #RTD #innovation
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🔍🍸 As the leading market research software platform, we're always on the pulse of emerging trends. Today, we spotlight "Diffords" - an internationally recognized authority on cocktails, established in 2001. 📚 Known for its exhaustive website and the renowned Difford's Guide Cocktails Encyclopaedia, authored by Simon Difford, this trend offers extensive information on cocktails, spirits, and liqueurs. Primarily targeted at cocktail enthusiasts, bartenders, and professionals in the beverage industry, it's a treasure trove of comprehensive and reliable cocktail recipes and information. 📈 Over the past year, we've seen a 32% increase in Google search volume for "Diffords", indicating a growing interest in this valuable resource. This trend is particularly relevant for those in the food & beverage, alcohol, beverages, and food categories, as it provides a wealth of knowledge that can be leveraged to stay ahead of the curve. 🔮 Staying informed about such trends can help food & beverage manufacturers innovate and adapt to changing consumer preferences. Stay tuned with Suzy for more insights into the latest trends shaping your industry. #MarketResearch #FoodAndBeverage #Trends #Diffords
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Rather than categorizing adult beverages based solely on a single ingredient, it is essential to appreciate their complexity, craftsmanship, and the diverse experiences they offer. From now on, you'll see me using 'adult beverages' in place of 'alcoholic beverages' - it's time for a change. #favoritebeverage #adultbeverages #timeforchange #wineindustry #beerindustry #spiritsindustry
From "alcoholic beverage" to "adult beverage": Redefining the terminology
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Business Development Executive, Simpsons Beverages | We are leaders in the science, art and innovation of flavours for drinks manufacturers, brands and companies.
As two-in-five drinkers (42%) believe drinking a flavoured sparkling water is as enjoyable as a carbonated soft drink (Mintel'24) This offers a significant opportunity for innovation within the flavoured waters category, particularly given the successes enjoyed by competing categories like carbonated soft drinks and juices where new product development and launches have been much higher. At Simpsons Beverages we are always at the forefront of the very latest trends in the beverage industry. Our team are equipped with market insights enabling you to make informed decisions when it comes to selecting your next flavour range. Read more about the latest trends and insights from the UK flavoured water market: https://hubs.li/Q02-6Vbj0 #beverageindustry #flavourperfected #beveragetrends #nolo
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Customer Service and Finance Director, Simpsons Beverages | We are leaders in the science, art and innovation of flavours for drinks manufacturers, brands and companies
As two-in-five drinkers (42%) believe drinking a flavoured sparkling water is as enjoyable as a carbonated soft drink (Mintel'24) This offers a significant opportunity for innovation within the flavoured waters category, particularly given the successes enjoyed by competing categories like carbonated soft drinks and juices where new product development and launches have been much higher. At Simpsons Beverages we are always at the forefront of the very latest trends in the beverage industry. Our team are equipped with market insights enabling you to make informed decisions when it comes to selecting your next flavour range. Read more about the latest trends and insights from the UK flavoured water market: https://hubs.li/Q02-6W8-0 #beverageindustry #flavourperfected #beveragetrends #nolo
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