Good Morning and Happy Wednesday. It's January 3, 2024.
I hope you had a relaxing holiday and are all set to achieve great things in this new year.
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For Beer, 2023 Is a Year to Forget, But 2024 is Looking Up
Our friends over at The Wall Street Journal took note that 2023 was a year that had brewers crying in their beer. We think things are looking up for beer.
- Beer Purchaser's Index Up 14 Points from 2022
- Beer – Especially Lager – Poised for Growth: Drizly
- Keystone Light a Top-Growing Brand
- Premium Tequila Continues its Rise
Consumers Ready to Try New RTD Cocktails
Thirty-four percent of survey participants, up from 32 percent last year, told Drizly they plan to buy RTD cocktails in the coming year, and the majority plan to try new brands in 2024.
Non-Alcoholic Drinks Are Prime for Takeoff
Inflation’s Impact is Softening
Despite rising costs, 40 percent of those surveyed by Drizly do not plan to change their drinks-buying behaviors in 2024 due to inflation. This reflects an increase over the previous year, when 35% of consumers expressed a similar sentiment. Only 19% of respondents anticipate buying less alcohol overall in response to inflation, compared to 28% the previous year.
Guinness 0 'The King of Non-Alcoholic Brews'
Guinness 0 has proclaimed itself "The King of Non-A
The U.S. Glass Producers Coalition, a coalition of U.S. wine bottle manufacturers and American workers, filed petitions to counter unfairly traded imports they say are injuring the American wine bottle industry. The coalition filed the petitions with the U.S. Department of Commerce and the U.S. International
The red wine market will grow to $111.84 in 2024 from $106.52 in 2023 at a compound annual growth rate (CAGR) of 5.0%. The red wine market size is expected to see strong growth in the next few years. It will grow to $136.77 in 2028, a new study says.
Thanks for reading. We'll see you tomorrow. Have a great day! – Joel