Scotch whisky exports fall in volume but maintain “encouraging” value in first half of 2023
The volume of exports fell by 20% to the equivalent of 630m 70cl bottles, while export value dropped 3.6% to £2.57bn.
18 August 2023
18 August 2023
The volume of exports fell by 20% to the equivalent of 630m 70cl bottles, while export value dropped 3.6% to £2.57bn.
Asahi described expansion in China as a “natural evolution” of the company’s growth strategy in Asia.
“The UK is probably the most immediate on our radar,” Wes Brands COO Sean Penn told Just Drinks.
Acquisitive Tilray has acquired the remaining shares in the venture from Molson Coors Beverage Co.
The deal includes a 48-acre vineyard in Rutherford, Napa Valley, with 42 acres of Sauvignon Blanc vines.
New research suggests drinks companies will miss their 2030 and 2050 targets.
The deal would be a “significant consolidation of the already limited competition within the market”, seven secretaries of state said.
The Glenlivet’s Twist & Mix cocktails tap into consumer trends while exploring the changing role of single malt in the marketplace.
In collaboration with Just Drinks, the 12th Innovation in Non-Alcoholic Beverages Conference 2023 will return on the 19th-20th of September 2023 in London. This event offers a unique opportunity to understand whether brands are streamlining their portfolios or increasing them in an oversaturated market, to gain more market share. Our in-depth agenda and two streams focus cross category on trends including flavours, health, and wellness, premiumisation, ingredients, tastes and textures and innovation in sustainability. For more info on tickets, agenda and speakers click here.
Per GlobalData analysis, the non-alcoholic beverages (NAB) market has a strong outlook in terms of value and steady forecasting for volume up to 2026. The industry has been resilient to the pandemic and inflationary pressure as consumers continue to up their intake of NABs. Rising health and wellness trends mean that a growing number of consumers are swapping alcohol consumption for NABs while others are adding more drinks to their diet for improved hydration and extra nutritional value from fortified and functional NABs.
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