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Daily Newsletter

28 November 2023

Daily Newsletter

28 November 2023

India bright spot in outlook for aged spirits in 2024

There are challenges aplenty for Scotch and Cognac as we head into 2024 but, Richard Woodard writes, it’s not all doom and gloom.

Richard Woodard November 24 2023

Credit: Gabriel_Ramos / Shutterstock.com

Carlsberg is confident about seeing an uptick in volumes this year, with growth drivers including soft drinks in western Europe, its CFO has said.

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RTD beverages market expected to grow at a CAGR of ~5% by 2027

Rising urbanization coupled with the increasingly busy lifestyles of consumers have resulted in the increasing demand for RTD beverages that are easy to carry and quick to consume. Further, the pandemic has created a huge surge in demand for non-alcoholic beverages with functional benefits and value addition, including low sugar, added proteins, probiotics, and plant-based ingredients. The beverage manufacturers have been capitalizing on the trends by focusing on both value addition and convenience associated with the packaging of RTD beverages.

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