Alcohol data and insights company IWSR has forecasted a -2.4% decline in global wine volume sales for 2025. This plays out against the background of a predicted -0.4% fall in global beverage alcohol volume sales for the year.
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Fresh data from IWSR can reveal that global total beverage alcohol (TBA) consumption volume was in decline during the first half of the financial year, with a drop of -1% reported.
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Wine producer Australian Vintage has announced the launch of a new series of premium single-serve wines, named Poco Vino.
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What do you think of when you hear the word ‘vodka’. Not much, right? Where the word ‘whisky’ evokes images of sipping from a glass next to a roaring fire and ‘rum’ transports you to tropical climates grasping a glass filled with amber liquid on ice – vodka just doesn’t deliver the same dreamy (if clichéd) scenarios. But vodka is estimated to have a global value of $40.25 billion by 2030, with a CAGR of 5.6% each year until then (IWSR Vodka Innovation Trends report). So, the category has to be doing something right, surely?
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As 2023 draws to a close, independent UK supplier, Kingsland Drinks, has revealed its insights on key areas to watch out for in 2024, looking at incoming drinks trends in wine, spirits and RTDs.
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You’ll not find many in the spirits industry praising the rise from the grave of the humble RTD – and to those who are disparaging of ready to drink products, I say, get over yourself.
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While the past year has been extremely challenging for alcohol, there’s cause for optimism when it comes to recovery. Lisa Riley crunches IWSR numbers.
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The global beverage alcohol market is showing positive signs of recovery and is projected to grow 2.9% in volume by the end of 2021, according IWSR research.
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Argentinian wine and rosé were two of the alcoholic beverages which saw a “remarkable uplift” in retail sales during lockdowns and restrictions in 2020, according to the latest WSTA Market Report.
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