The value of the global alcohol market grew by 12% to reach US$1.17 trillion in 2021, making up for the 4% covid-driven losses in 2020, new data from IWSR Drinks Market Analysis has found.

23 May, 2022

Rooster Rojo Tequila, the premium spirits brand owned by the fast-growing global beverage powerhouse, Amber Beverage Group, has announced the next stage in the development of its ‘SIP DON’T SLAM’ advertising campaign, which was first rolled out earlier this year. 

Shelves packed with bartending books in the background of her Zoom meeting is a big giveaway of Gina Barbachano’s passion for making drinks. The other is her beaming smile.

Proof Creative, the bar and beverage consultancy arm of the Asia Pacific-based independent spirits distributor Proof & Co, has launched its 20 Pillar Plan as an online resource.

Amber Beverage Group has acquired Irish whiskey brand Walsh Whiskey for an undisclosed sum with the existing staff remaining in place.

Beverage alcohol in Asia Pacific markets is expected to gain more than +2% in volume and more than +4% in retail value by the end of 2021, according to IWSR Drinks Market Analysis.

In 2020, beverage alcohol consumption in the US saw the largest volume gain in nearly 20 years.

The global drinks industry is showing positive signs of recovery and will grow in volume by 2.9% by the end of 2021, according to new IWSR forecasts.

Amber Beverage Group (ABG) has reported that net revenues in 2020 remained at 2019 levels despite an 8.4% drop in volumes due to the global pandemic.

Super premium brand KAH Tequila is planning large-scale global expansion in 2021 starting with China and Russia.

Global drinks industry data provider IWSR has purchased consumer insights firm Wine Intelligence for an undisclosed sum.

Amber Beverage Group has tipped Australia and China to lead the way as the global drinks industry emerges from the coronavirus crisis.

Alcoholic beverage sales in the US increased 55% year-on-year during the week to March 21 as shoppers stocked up ahead of a long coronavirus lockdown.

Packaging company Rexam is to build a new beverage can plant in Finland.

Asahi Group has reached an agreement to acquire Australsian-based drinks operator, Flavoured Beverages Group.

International Beverage Holdings will unveil the 1995 vintage of Balblair single malt scotch whisky at TFWA Asia Pacific.

International Beverage Holdings is celebrating 49 awards in various international drinks competitions, including 13 awards in the International Spirits Challenge.

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Comment

Tess Posthumus

Staffing crisis could open opportunities

The pandemic has thrown many challenges at bar owners over the past couple of years and the ones that survived the various lockdowns and restrictions deserve a pat on the back. However, while revenues are returning and bars are beginning to recruit once more, we’ve come up against a whole new set of problems, one of which is a global starring crisis.

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