09 October 2023
09 October 2023
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The potential shift in how alcohol-free drinks in the UK are labelled could have a significant influence on the fledgling industry globally, writes Chris Losh.
The El Niño weather event also caused rises in the cereal price index.
The investment has gone towards on bottling, packaging and storage.
Drinkaware’s research surveyed 5,213 people aged between 18 to 24 over a six-year period.
Sazerac already distributes MBWS’s products in the US.
François-Philippe Champagne said he has yielded unspecified discounts, price freezes and price-matching offers.
“The market volume of ‘healthy shots’ has been increasing for years” – Venture Capital investor BayBG.
The annual Just Drinks event returns with a dynamic program, focusing on sustainability, growth, innovation, cost-of-living challenges, and AI. Get data-driven insights for strategic planning and network with industry experts.
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.
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