Just Drinks

Daily Newsletter

29 September 2023

Daily Newsletter

Duckhorn Portfolio CEO Alex Ryan to step down from US wine group

Board member Deirdre Mahlan will act as Duckhorn’s interim president and CEO.

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Non-alcoholic beverages (NAB) market remain resilient despite inflationary pressure

Per GlobalData analysis, the NAB market has a strong outlook in terms of value and steady forecasting for volume up to 2026. The industry has been resilient to the pandemic and inflationary pressure as consumers continue to up their intake of NABs. Rising health and wellness trends mean that a growing number of consumers are swapping alcohol consumption for NABs while others are adding more drinks to their diet for improved hydration and extra nutritional value from fortified and functional NABs.