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Daily Newsletter

12 September 2023

Daily Newsletter

12 September 2023

Molson Coors expands stake in Zoa Energy

Molson Coors has “significantly increased” its stake in the US energy-drink brand.

Conor Reynolds September 11 2023

Zoa Energy drinks. Credit: Zoa Energy

US contract distiller Tennessee Distilling Group has struck a deal to acquire assets from Irish single malts business Waterford Whisky Distillery.

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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.

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