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Industry News

Premium beer products were one of the top growth markets of 2022, says IWSR

- Craft Brewing Business

IWSR Drinks Market Analysis, a global leader in alcohol data and analysis, recently released preliminary 2022 data across the total beverage alcohol industry in the United States that shows all major categories — beer, cider, wine, spirits and ready-to-drink (RTDs) — posted growth across premium-plus price tiers.* While total volumes of wine (-2 percent), beer (-2 percent) and cider (-4 percent) all declined in 2022, the premium-and-above segments of each grew: wine (+6 percent), beer (+4 percent) and cider (+11 percent). Total spirits volumes were up +2 percent, with premium+ up +13 percent, while RTDs showed moderate gains at less than +1 percent with premium+ up +38 percent.

Beer Brands Focus On Sustainability To build Trust With Consumers

Mike Scott - - Forbes

We live in an age of anxiety, fuelled by the Covid-19 pandemic, surging energy prices and inflation, the war in Ukraine and the ongoing climate crisis. It is no surprise, then, that the role of brands has changed significantly in recent years.

The Huge Number of Small Breweries Creates a Beer Glut

Mike Jordan - - The Wall Street Journal

The long-building craft-beer boom is showing signs of slowing down.

Craft beer's popularity has risen nationwide for more than a decade, and breweries have become a calling card for up-and-coming neighborhoods and communities, giving residents and visitors new places to gather and enjoy a taste of their towns. But in 2023 the smallest number of new breweries in over a decade will open, the Colorado-based trade group Brewers Association predicts.

Global beverage alcohol rebounds, with value reaching US$1.17 trillion

- IWSR Drinks Market Analysis

Global beverage alcohol value grew by +12% last year to reach US$1.17 trillion, making up for Covid-driven value losses of -4% in 2020. Total alcohol volume grew by +3% in 2021, after losses of -6% the year prior.

Examining the industry from across 160 countries throughout the world, IWSR forecasts compound annual volume growth of just above +1% for total beverage alcohol over the next five years, as Covid restrictions continue to ease.

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