Insight of the Day: Is the RTD spirits category in decline?

Findings: • RTD (ready-to-drink) spirits continue to grow, with a global market value of $4.5 billion in 2023 and a projected growth rate of 6.5%. • Alcohol consumption overall has been declining since the mid-2000s, driven by health and wellness trends. • Gen Z is less interested in alcohol, while older millennials and urban professionals still…

Innovation of the Day: Non-Alcoholic Mocktail Launches

Findings: Molson Coors has entered the non-alcoholic beverage market by partnering with Naked Life, a brand known for its healthier, non-alcoholic alternatives. Together, they are launching a line of non-alcoholic mocktails, including Mojito, Negroni Spritz, Gin and Tonic, Cosmo, and Margarita. This move is in response to growing consumer interest in wellness and mindful consumption,…

Insight of the Day: Are Gen Z really drinking less?

• indings: Alcohol consumption among Gen Z is decreasing, with 62% of adults under 35 drinking, down from 72% two decades ago. While health-consciousness, mental well-being, and “sober curiosity” are often cited as reasons, economic factors like lower disposable income and rising costs may also play a significant role. • Key Takeaway: Gen Z is…

Insight of the Day: Millennials Lead Non-Alcoholic Beverage Boom

indings: • Non-alcoholic beverage consumption has seen significant growth in the U.S., largely driven by Millennials. • 13% of U.S. alcohol consumers now drink both alcoholic and non-alcoholic beverages, up from 7% in 2023. • Millennials lead this shift, with 22% embracing both categories, compared to 15% for Gen Z and 11% for Gen X.Key…

Insight of the Day: US Millennials are driving the non-alc trend

Findings: • Consumption of non-alcoholic beverages among US drinkers has doubled since April 2023. • Millennials are the primary drivers of this growth, representing a majority of consumers in the non-alcoholic beer, spirits, and wine categories. • Millennials are more likely to be frequent alcohol consumers, suggesting they use non-alcoholic beverages to moderate their alcohol intake rather than abstain…

Insight of the Day: Millennials drive no-alcohol gains in the US

Millennials are driving the growth of the no-alcohol beverage market in the US. They consume no-alcohol products more frequently than other age groups and are eager to try new products in the category. There are three key reasons for this trend:1. Increased Socializing: Millennials are going out and socializing more, leading to more opportunities to consume no-alcohol beverages.2. Curiosity…

Insight of the Day: The trends shaping the US craft beer scene

Summary of Key Findings from the Brewers Association Survey • Craft Beer Consumption is Shifting: While more Americans are drinking craft beer than ever before, the frequency of consumption is declining. • Competition is Increasing: Craft beer faces growing competition from other beverage alcohol categories like wine, spirits, and hard seltzers. • Demographics are Evolving: The typical craft beer drinker is…

Insight of the Day: Sober-curious yet? No and low alcohol gain momentum

Findings: • A global shift toward reduced alcohol consumption is gaining traction, with a noticeable rise in no and low-alcohol (nolo) drinks in various markets. • Younger consumers (18-34) are leading the trend, with 65% expressing concerns about the health risks of alcohol, a significant generational difference compared to older age groups. • Economic factors,…

Insight of the Day: The trends shaping the US craft beer scene

Key Findings from the Brewers Association Survey • Shift in Consumption: Craft beer consumption is slightly declining for the first time since 2015. • Diverse Drinking Habits: Craft beer drinkers are consuming a variety of alcoholic beverages, not just craft beer. • Demographic Trends: While craft beer’s popularity has grown overall, consumption frequency is decreasing. The demographic still skews male and…