Spirits has been facing challenges, primarily from the intensifying responsible drinking campaigns in Slovenia and particularly so with those campaigns focused on drinks with a high alcohol content. Such a dynamic has steered consumers away from spirits and towards categories with lower alcohol content, such as non/low alcohol beer. Spirits...
Local other spirit manufacturers and artisanal producers, such as Zizak, Marsen or Zufanek brands are gaining share in spirits thanks to the rising popularity of home-made drinks. Consumer demand has remained robust even with the absence of on-trade sales, where brands are typically available in upmarket pubs and restaurants. Small local brands...
Despite a low decline in 2021 as a result of a slight shift back to on-trade as restrictions in the United Arab Emirates eased, volume sales of spirits through off-trade remained elevated compared to 2019, and mainly driven by the dominant category of whiskies. In particular, consumption of premium whiskies is on the rise. In fact, total volume...
In Brazil, success in alcoholic drinks can be tough, as it is an already saturated industry, having one of the biggest consumer bases for beer and having high penetration of cachaça. However, 2020 and 2021 showed that there is plenty of space still left to explore, while also introducing a problem: the high cost of logistics. Spirits...
Opportunities in the Americas Spirits Sector Summary The global spirits sector was valued at $783,457.1 million in 2021 and is expected to record a CAGR of 6.5% during 2021-2026 to reach $1,073,042.9 million by 2026. The Americas was the second-largest market in the global spirits sector with value...
Spirits returned to volume growth in 2021, having experienced three consecutive years of decline including a sharp fall in sales in the previous year in the midst of the COVID-19 crisis. In 2020, total volume sales of spirits witnessed double-digit decline due largely to the fall in on-trade sales brought about by the closure of bars, restaurants...
Despite the growth of tax-free home distilling of palinka and the still hampered on-trade performance, spirits sales increased dynamically in 2021. During the first half of the year, lockdowns resulted in a strong increase in the home consumption of spirits, whilst in the second half of 2021, foodservice establishments were fully open and...
In 2021, value growth overtook volume growth in spirits, due to premiumisation. Polish consumers are buying more and more premium alcoholic drinks, including spirits, but not necessarily consuming more. Fine spirits, especially in original packaging, are becoming more and more popular. Polish consumers are keen to experiment, even in uncertain...
Another round: Industry demand will likely be sustained by growing interest from younger consumers Abstract Distilleries in the US The Distilleries industry has experienced robust growth over the five years to 2018 due to favorable economic conditions, including an increase in consumer spending on alcohol....
Locally produced spirits, especially sura khao and Chinese herbal spirits, have long been perceived as economy spirits and are readily available on retailers’ shelves. During the COVID-19 pandemic, these products remained available at affordable price points and continued to benefit from demand from domestic consumers. Spirits in Thailand...