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…
Category: Moderation
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: Stuffy, unhealthy or ‘just mid’ – are young people over wine?
Findings: The wine industry is facing a significant decline in consumption among Gen Z and millennials, who are turning to alternatives like mocktails and marijuana due to concerns about health, cost, and wine’s outdated image. Reports suggest that younger generations are drinking less alcohol overall, with 45% of Gen Z not drinking at all. Wine…
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…