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Daily Newsletter

15 September 2023

Daily Newsletter

15 September 2023

Illva Saronno buys majority of US whiskey distiller Sagamore Spirit

The Disaronno owner is relocating its US headquarters to Baltimore Peninsula where Sagamore Spirit’s distillery is located.

Conor Reynolds September 15 2023

Credit: Sagamore Spirit

The Disaronno owner is relocating its US headquarters to Baltimore Peninsula where Sagamore Spirit’s distillery is located.

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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.

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