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As we approach the end of Q3 2024, the alcohol industry landscape continues to evolve. Our latest analysis reveals some intriguing trends that are reshaping the market: 🥃 𝗦𝗽𝗶𝗿𝗶𝘁𝘀 𝗟𝗲𝗮𝗱 𝘁𝗵𝗲 𝗪𝗮𝘆: While beer and wine face challenges, spirits have achieved positive growth in value (+0.3%) and volume (1.7%). However, this growth is primarily driven by Ready-to-Drink (RTD) beverages. 🏪 𝗖𝗼𝗻𝘃𝗲𝗻𝗶𝗲𝗻𝗰𝗲 𝗗𝗿𝗶𝘃𝗲𝘀 𝗚𝗿𝗼𝘄𝘁𝗵: Convenience stores are emerging as a powerhouse, with a 1% increase in dollar sales. Mass merchandise and dollar clubs also perform well (+0.4%), while traditional liquor and grocery stores see declines. 🍹 𝗥𝗧𝗗𝘀 𝗥𝘂𝗹𝗲 𝗖𝗼𝗻𝘃𝗲𝗻𝗶𝗲𝗻𝗰𝗲: More than any other channel, 41% of RTD purchases occur in convenience stores. Recent legislation has made spirits-based RTDs increasingly  available in these locations. 🥂 𝗟𝗶𝗾𝘂𝗼𝗿 𝗦𝘁𝗼𝗿𝗲𝘀 𝗔𝗱𝗮𝗽𝘁: Liquor stores are increasing promotions to combat losses, bringing the average price per unit down 1.4% between January 2023 and August 2024. 🌎 𝗦𝘁𝗮𝘁𝗲-𝗦𝗽𝗲𝗰𝗶𝗳𝗶𝗰 𝗧𝗿𝗲𝗻𝗱𝘀: Each category is performing at different paces across the U.S. These trends highlight the importance of understanding regional preferences and the growing influence of convenience and RTDs in the alcohol market. Are you curious about these trends and how they might impact your business? Read the complete analysis on our blog: https://lnkd.in/dAj5v5rg #AlcoholIndustry #ConsumerTrends #RetailInsights #SpiritsTrends #RTDBeverages #ConvenienceStores

A very good article in ft.com regarding the recent share price💲performance of the leading global alcohol 🍸 🍷 🥂 companies. Purveyors of alcoholic beverages have clearly had a terrible time of late. Shares in Diageo, Campari, Pernod Ricard and Rémy Cointreau are down between 20 and 40 per cent in the past 12 months. There is no shortage of good reasons. Diageo’s stumble is in part home-grown, given its stocking troubles in Latin America. Rémy Cointreau and Pernod Ricard have been hit by fears that China might impose tariffs on brandy. Most worrisome of all for companies across the sector is the fact that the US — the world’s most lucrative alcohol market — has gone into reverse, with spirit volumes down 3.3 per cent in 2023. However all this looks overly despondent. Despite current wobbles, selling alcoholic drinks remains a good business. When the Covid-era hangover finally clears, this will be a sector in which annual volumes grow by perhaps a couple of percentage points a year, prices rise and consumers increasingly choose premium drinks. We can all say cheers 🍸 to this! **this aricle is not investment advice** #alcohol #beverages #ft #financialtimes Lars Jensen Paul Villis Michel Aubanel Gilles Halotel Carol Dunne Jean Noel Ortal Jean-Philippe Delforge Kristof König Linda Chatton Stephen Rannekleiv Jim Watson Bourcard Nesin Francois Sonneville Virginia Traldi David Deeley Brian Short William Lynch Thomas Hahlin Ahlinder Sheelagh Pentony

🌟 WEBINAR - Activating Canada's On Premise: Unlocking occasions, channels, and path to purchase to grow brand share 🌟 Join CGA by NIQ’s On Premise Bev-Al experts Mitch Stefani, Matthew Crompton, and Frederique Charron as they delve into exclusive data and insights, discussing the current state of the Canadian Beverage Alcohol market. Don't miss this opportunity to unlock new opportunities and navigate the competitive market with confidence. Register here > https://lnkd.in/g8VunezY #OnPremise #CanadaBeverage #BeverageIndustry #MarketInsights #WebinarAlert

📅 2023 Year in Review: Beverage Alcohol Off Premise Trends via 3 Tier Beverages partners Jon Berg & Kaleigh Theriault at NielsenIQ. 📩DM for the full presentation 🌱📚 Come Learn and Grow with Us! 🚀🌟 Executive Summary 🍹 Surge in demand for Spirits-based Ready to Drinks. 📊 Anticipation of significant gap between value and volume. 🥃 Strength in Spirits segment, particularly Spirits RTDs. 🥂 Positive trends in Tequila and Whiskey flavors. 💰 RTDs approached $11 billion in sales. 🥤 Non-Alcohol options exceeded half a billion dollars.

The South African Premium Spirits is showing strong growth with continued momentum. In 2023, the Premium Liquor market saw impressive growth of 12%, reaching a total of R14.5 billion. This momentum is set to continue, with the entire market projected to hit R55.6 billion by 2025! Here are a few key stats 🥃 • Whiskey sales up by 10.3% • Vodka sales up by 8.5% • Wine sales up by 7.2% For businesses looking to capitalize on this trend, it’s essential to focus on: • Creating unique experiences • Driving digital engagement • Prioritizing sustainability As consumer preferences shift, staying ahead of these trends will be key to thriving in this evolving market! ⤴️⤴️

🚨 Last chance to register! 🚨 How can brands unlock opportunities and grow share in a cost-pressured and competitive market? Join us for a data-packed webinar featuring CGA by NIQ’s On Premise Bev-Al experts Mitch Stefani, Matthew Crompton, and Frederique Charron. They’ll dive deep into exclusive insights on the current state of Canada’s Beverage Alcohol market. Here's what the webinar will cover: 🔍 What consumer trends are impacting brand performance in Canada’s On Premise 💡 How changes in consumer spend, visitation, and drink choice are shaping category sales 📊 Regional sales performance and consumer behavior across provinces 🍻 In-depth analysis of Beer & Spirits’ sales, distribution, and share using CGA’s OPM solution 🍹 The influence of staff on consumer purchases – insights from CGA by NIQ’s Global Bartender Report Register now: https://lnkd.in/gtpYnAia Don't miss this chance to unlock key data and trends to help your brand thrive! Register today and get ahead in the ever evolving On Premise landscape. #Webinar #LastChance #BeverageAlcohol #DataInsights #OnPremiseCanada #RegisterNow

This amazing article on Tea market development focuses on the hard tea sector, which is blooming. We have been studying closely trends (since 2016), contact us for further information and investment opportunities, and global and APAC insights. #tea #productdevelopment #fmcg #business #apac

Last piece of analysis about the RTD category explosion (from market research firm NIQ’s bev-alc team) Spirits   In the spirits category, RTDs are driving significant changes. Without RTDs, spirits sales trends appear flat to declining. However, spirits-based RTDs are thriving and are bolstered by retail distribution and fluctuating local laws.   The rise of premiumization and consumer moderation trends offers spirits brands opportunities to innovate with high-quality, unique products. The flavor explosion within RTDs, from classic cocktails to seasonal twists, appeals to consumers seeking diverse taste experiences, helping RTDs capture market share from traditional spirits.   The success of spirits-based RTDs highlights the importance of flavor and convenience in driving consumer preferences. By offering ready-to-drink versions of popular cocktails, brands can tap into the growing demand for high-quality, convenient beverages.   Ready Or Not: RTDs Detracting From Spirits Growth?   The Future of RTDs   The future of RTDs is promising. It’s brimming with potential for continued fragmentation and growth within the bev-alc industry. As consumers increasingly seek products that match their usage occasions and taste preferences, extended loyalty may be challenging to secure.   However, this also opens up new avenues for innovation and market expansion. Retailers and brands must balance pricing and volume growth, ensuring that RTDs remain attractive and accessible while navigating rising costs.   Ultimately, RTDs are not just a trend, but a transformative force reshaping the landscape of beverage alcohol, creating new opportunities and challenges. By staying attuned to consumer preferences and market dynamics, brands can harness the full potential of this burgeoning mega category.   As the industry evolves, those who can innovate and adapt quickly will be best positioned to succeed in the dynamic RTD market. Diageo Pernod Ricard The HEINEKEN Company Carlsberg Group Molson Coors Beverage Company Suntory Global Spirits The Coca-Cola Company AB InBev  

Cheers to Growth: Australia Alcoholic Beverages Market Trends and Forecasts The alcoholic beverage market in Australia is projected to reach approximately USD 29.39 billion in 2023. With a CAGR of 4.90% during 2024-2032, the market is expected to grow to around USD 45.33 billion by 2032. This robust growth reflects the evolving tastes and increasing demand for diverse alcoholic beverages in the region. Read Full Reports: bit.ly/3XYfmtI Some of the key players in the market are Diageo, Constellation Brands, The HEINEKEN Company, Anheuser-Busch, Brown-Forman, Molson Coors Beverage Company, Pernod Ricard, Grupo Corona, VOK Beverages and many more. #marketresearchreports #news #latinamerica #marketoutlook #informesdeexpertos #ide #alcoholicbeveragesmarket #growth #alcoholicbeverages #opportunity

🍹 Favourite Soft Drinks: While Coca-Cola remains the top choice, its dominance has decreased from 66.5% to 59%. Brands like Kingsley and Pepsi are on the rise, marking a 2.1% increase for each, suggesting a diversifying market taste. 🛒 Purchasing Frequency: The data reveals a slight increase in the frequency of soft drink purchases, with the proportion of consumers buying every 1-2 days up by 1.5%.