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Daily Newsletter

10 October 2023

Daily Newsletter

10 October 2023

Are GLP-1 drugs for weight loss a threat to the alcohol industry?

The number of monthly doses being administered in the US of drugs like Ozempic “are now at around 11m and rising”, AllianceBernstein says.

Conor Reynolds October 10 2023

Credit: myskin / Shutterstock.com

Shares in Diageo jumped today (6 May) after better-than-expected quarterly sales but the spirits giant’s business in North America remained under pressure.

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Flavored alcoholic beverages poised to register the fastest growth within the alcoholic beverages packaging industry

The global alcoholic beverages packaging industry has grown to 445.4 billion units in 2022, with volumes forecasted to grow at a CAGR of ~2% by 2027. APAC represented the largest region in 2022, followed by the Americas. Glass was the most used pack material globally, followed by rigid metal and rigid plastics. Volume-wise, the industry was led by the beer & cider sector in 2022, while the flavored alcoholic beverages sector is forecast to register the fastest growth at a CAGR of 6.1% during 2022–27, followed by spirits and wine.

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