Beverage Trade News

According to data from the Secretaría de Hacienda y Crédito Público (SHCP) or the Ministry of Finance and Public Credit, the Impuesto Especial sobre Producción Servicios (IEPS) or Special Tax on Production and Services, brought in a collection of roughly US$ 250 Million in the first two months of 2022.

In a period of severe turmoil, beverage alcohol has shown to be one of the most crisis-proof consumer goods categories. Despite increasing inflation, people throughout the world have become accustomed to the reintroduction of on-trade alcoholic beverage sales.

Changing commercial dynamics are bringing a new, more modern breed of whisky to the forefront as demand for whisky continues to rise in many nations across the world.

With the increased use of social media following the Covid-19 lockdowns, it began to attract more mainstream legal drinking age (LDA) alcohol consumers as well.

According to the experts, RTDs will have a 22% volume share of total beverage alcohol in the United States by 2025, up from the present value of 9.6%.

According to IWSR Drinks Market Analysis, the overall beverage alcohol market in the United States rose 2.3 percent in the first half of 2021 compared to the first half of 2020. Spirits performed even better, increasing by 3.8 percent, according to Brandy Rand, COO of the Americas at the IWSR.

With a 200% share in 2021, the non-alcoholic 'spirits' market is one of the fastest-growing subcategories. Despite the category's 0.3 percent share of the overall alcohol market, retailers are eager to retain them.

Indian alcohol brands have found takers all over the world as a result of the burgeoning activity of Indian Made Indian Liquor. India's alcoholic beverage market is predicted to increase at an annual rate of 8.8%, reaching 16.8 billion litres of consumption by 2022.

Tequila as the top trending spirit

With Aviation Gin on board Virgin Voyagaes, Ryan Renolds and Sir Richard Branson team up towards a new journey.

The e-commerce channel has had remarkable growth in recent years, increasing by 12 percent in 2019 and over 43 percent a year later in 2020.

Bar Convent Berlin has announced the dates for its 2022 trade show and plans to hold its maiden event in Singapore, Asia and hopes to return without restrictions.

The agave spirits industry has been growing fast in the UK market, as per the records of the industry.