Tito’s Handmade Vodka has appointed Spirit Cartel as its new distributor for the UK and signed a sponsorship deal with Equal Measures.

RTD forecast growth slows

24 October, 2023

IWSR Drinks Market Analysis has released its RTDs Strategic Study 2023, which revealed the RTD category is expected to grow by 12% in volume between 2022 and 2027, achieving $40bn by 2027 across 10 key markets.

The IWSR has recognised Trivento winery as the world’s top-selling Argentine wine brand.

While they put a focus on the spirit, some experts believe the explosion of brands backed by famous faces does the category and quality expectations no favours.

The IWSR Drinks Market Analysis reported that the global spirits category grew 5% in volume in 2022, driven by whisky, rum and brandy. 

Gin may have fallen out of favour in the UK, but its prospects are much brighter in travel retail.

A recent IWSR report suggests that premium-plus producers are in for an economic rollercoaster.

The no- and low-alcohol categories grew by more than 7% in volume across 10 key global markets in 2022 to surpass a market value of $11bn, a new report from IWSR Drinks Market Analysis has revealed.

According to IWSR Drinks Market Analysis, the first half of 2022 (H1) saw value growth of beverage alcohol reaching historic highs, driven by a combination of post-pandemic demand and price increases.

The IWSR Drinks Market Analysis has released results for its 2022 Strategic Study examining and forecasting growth in the ready-to-drink (RTD) category.

Jack Daniel’s owner Brown-Forman has confirmed the purchase of gin brand Gin Mare from Spanish premium drinks company, Vantguard.

Highland single malt brand, Loch Lomond, has been named the world’s fastest-growing top 25 single malt brand in 2021 by IWSR, with a 73% year-on-year increase in volume.

Rum: The White Choice

23 August, 2022

White rum has long been a star ingredient of cocktails and with consumers now demanding better quality drinks, it is ripe for premiumisation. 

Vodka Takes a Stand

20 July, 2022

Businesses all over the world have boycotted Russian vodka in a show of solidarity with Ukraine, but what does this mean for the wider vodka market?

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.

Super-premium gin Brockmans has announced that one million bottles were sold within a 12-month period, a milestone for the brand.

Diageo has announced the acquisition of super-premium flavoured Tequila brand 21 Seeds.

Sales of no and low alcohol beverages in 10 key global markets reached almost $10 billion in 2021 up from $7.8 billion in 2018, according to a new IWSR report.

Online sales of alcoholic beverages in 16 key global markets will increase by 66% over the next five years, according to projections from IWSR.

In 2020, craft spirits in the US volume gains of almost 8%, growing to a 5% volume share and 7% value share of the total US spirits market, according to IWSR Drinks Market Analysis.

Demand for ready-to-drink (RTD) products continues to grow amongst consumers, with the category expected to account for 8% of total beverage alcohol by 2025 according to a new report from IWSR Drinks Market Analysis.

The Rise of DTC Sales

02 September, 2021

The Covid-19 pandemic has inspired drinks producers across the world to significantly ramp up their focus on direct-to-consumer (DTC) sales.

For many drinkers outside of its native Brazil, cachaça is a largely mysterious category, perhaps known as the star of a Caipirinha and nothing more. In its homeland, however, cachaça’s popularity borders on religious.

Trivento has been revealed as the world’s best-selling Argentine wine brand in a report by IWSR Drinks Market Analysis.

Amaretto in a nutshell

22 July, 2021

There’s a buzz about Italian spirits in many markets. Campari and Aperol are kicking up a storm in aperitif drinking occasions through spritz and other mixer serves, while amaro is getting some love on the back of the wider trend for herbal, digestif-style liqueurs.

Global alcohol consumption is expected to increase by 2.9% this year, according to new IWSR projections. Martin Green reports.

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.

Pernod Ricard has ramped up its focus on the low-alcohol category by launching 20% abv variants of Ballantine’s Scotch whisky and Beefeater gin.

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

Ecommerce has broken into markets that barely knew it existed pre-pandemic - and forcasts for the alcohholic drinks sector are very positive. Martin Green reports.

Surging sales in the US and Canada will drive the global drinks industry to a better than expected performance in 2020, according to new IWSR forecasts.

The global drinks industry will enjoy a better than expected performance in 2020 as a result of dynamism in ecommerce and retail, according to new IWSR forecasts.

Diageo will purchase Aviation Gin and several sister brands in a deal worth up to $610 million.

The global alcoholic drinks industry will take at least four years to return to the level of volume sales seen before the Covid-19 pandemic, according to IWSR.

The Conegliano Valdobbiadene Prosecco DOCG produced and sold a record 92 million bottles in 2019 after enjoying a large harvest the previous year.

IWSR Drinks Market Analysis predicts it will be five years before the global industry rebounds from the ongoing Covid-19 crisis.

Research conducted by IWSR Drinks Market Analysis showed that the value of the status spirits market (brands that retail for US$100 or more) is $8.3bn, excluding baijiu.

Engagement with alcoholic drinks brands on social media has increased by more than 300% during the coronavirus lockdown, according to social analytics agency ListenFirst.

According to research from IWSR Drinks Market Analysis, consumption of agave-based spirits was up 9% in the US in 2018.

New research from IWSR Drinks Market Analysis shows a rapid increase in organic wine in the coming years as consumer sentiment for sustainability and organic products grows.

IWSR Drinks Market Analysis has revealed that global wine consumption is expected to grow by 37.8m cases by 2022 despite a “blip” in Chinese imports.

Latest research by the IWSR shows that 45% of millennials in the US who consume alcohol, also consume cannabis.

The IWSR has released its “Global Opportunities in Low- and No-Alcohol” report, which examines market sizing, key players, on-trade analysis, product innovation, and consumer trends.

While amaretto may have a long and somewhat idyllic history, it has done little to capture consumers’ imaginations in recent times. But cocktail culture could be key to changing all that, finds Angel Brown

China is expected to overtake the UK to become the second most valuable wine market in the world, according to data released by IWSR.

Forecasts for future growth in wine and spirits consumption to 2020 show the Americas and Asia Pacific are the countries to concentrate on, according to recent IWSR research.

Research commissioned by the trade show organiser, Vinexpo, predicts a +1.4% volume increase in world wine consumption and a spirits increase of +2.8% to 2019.

The global spirits market will pass the 3.2bn-case mark by the year 2020, according to the IWSR. 

Digital Edition

Drinks International digital edition is available ahead of the printed magazine. Don’t miss out, make sure you subscribe today to access the digital edition and all archived editions of Drinks International as part of your subscription.

Comment

La'Mel Clarke

Service isn’t servitude: the skill of hosting

La’Mel Clarke, front of house at London’s Seed Library, looks at the forgotten art of hosting and why it deserves the same respect as bartending.

Instagram

Facebook