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Daily Newsletter

16 January 2024

Daily Newsletter

16 January 2024

Mystic Farm and Distillery to double Bourbon production with equity raise

The grain-to-glass distillery produces bourbon, vodka, gin and rum at a 22-acre site in Durham, North Carolina.

Jessica Broadbent January 16 2024

Mystic Farm and Distillery produces bourbons and other spirits. Credit: Mystic Farm and Distillery / Facebook

Vietnam’s National Assembly has approved a proposal to raise the consumption tax on alcohol, and bring in a levy on sugary drinks, according to the local branch of the World Health Organization (WHO).

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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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