Just Drinks

Daily Newsletter

09 October 2023

Daily Newsletter

German investor BayBG injects €1m in health-shots brand Kloster Kitchen

“The market volume of ‘healthy shots’ has been increasing for years” – Venture Capital investor BayBG.

Monster Beverage has criticised a report by Spruce Point Capital Management, saying it has “false and misleading characterisations” from “non-credible sources”.

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Flavored alcoholic beverages poised to register the fastest growth within the alcoholic beverages packaging industry

The global alcoholic beverages packaging industry has grown to 445.4 billion units in 2022, with volumes forecasted to grow at a CAGR of ~2% by 2027. APAC represented the largest region in 2022, followed by the Americas. Glass was the most used pack material globally, followed by rigid metal and rigid plastics. Volume-wise, the industry was led by the beer & cider sector in 2022, while the flavored alcoholic beverages sector is forecast to register the fastest growth at a CAGR of 6.1% during 2022–27, followed by spirits and wine.