Just Drinks

Daily Newsletter

13 September 2023

Daily Newsletter

Argentine winemakers expect competitive boost as government axes export tariffs

In September the government axed 4.5% export tariffs put in place in 2018 for bottled wine.

Heineken’s appointment of an outsider as CEO has raised eyebrows but, with the brewing behemoth undergoing some significant changes in a challenging market, the move has also been welcomed in investment circles.

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Non-alcoholic beverages (NAB) market remain resilient despite inflationary pressure

Per GlobalData analysis, the 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.