IWSR Drinks Market Analysis has released its RTDs Strategic Study 2023, which revealed the RTD category is expected to grow by 12% in volume between 2022 and 2027, achieving $40bn by 2027 across 10 key markets.

Diageo has announced its preliminary results, year ended 30 June, reporting net sales of £17.1 billion, increased 10.7%, primarily reflecting strong organic net sales growth, and favourable impacts from foreign exchange.

The IWSR Drinks Market Analysis reported that the global spirits category grew 5% in volume in 2022, driven by whisky, rum and brandy. 

The Wines of South Africa 2022 export report has revealed that export value has only seen a 2.4% decline following the pandemic with Rand Per Litre (RPL) income showing marginal growth as producers navigate rising costs, shipping challenges and shortages in the supply of packaging goods.

Highland single malt brand, Loch Lomond, has been named the world’s fastest-growing top 25 single malt brand in 2021 by IWSR, with a 73% year-on-year increase in volume.

White rum has long been a star ingredient of cocktails and with consumers now demanding better quality drinks, it is ripe for premiumisation. 

Sales of no and low alcohol beverages in 10 key global markets reached almost $10 billion in 2021 up from $7.8 billion in 2018, according to a new IWSR report.

In 2020, craft spirits in the US volume gains of almost 8%, growing to a 5% volume share and 7% value share of the total US spirits market, according to IWSR Drinks Market Analysis.

For many drinkers outside of its native Brazil, cachaça is a largely mysterious category, perhaps known as the star of a Caipirinha and nothing more. In its homeland, however, cachaça’s popularity borders on religious.

Global alcohol consumption is expected to increase by 2.9% this year, according to new IWSR projections. Martin Green reports.

Beverage alcohol in Asia Pacific markets is expected to gain more than +2% in volume and more than +4% in retail value by the end of 2021, according to IWSR Drinks Market Analysis.

In 2020, beverage alcohol consumption in the US saw the largest volume gain in nearly 20 years.

The global drinks industry is showing positive signs of recovery and will grow in volume by 2.9% by the end of 2021, according to new IWSR forecasts.

Carlsberg has reported organic volume sales growth of 11.5% for the first three months of 2021.

Leading Chilean wine producer Concha y Toro increased net profit by 48.6% to Ch$77,994 million (US$107.4 million) in 2020.

Port sales in the UK saw impressive category growth throughout 2020, with the largest volume of off-trade sales since 2015.

Leading Chilean wine producer Concha y Toro managed to increase consolidated sales by 28% year-on-year during Q3.