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Daily Newsletter

18 January 2024

Daily Newsletter

18 January 2024

US group Vintage Wine Estates to cut more jobs

CEO and president Seth Kaufman said the company was facing a “disproportionately high-cost base”.

Fiona Holland January 18 2024

Vintage Wine Estates California vineyard. Credit: VWE / LinkedIn.

Almost a year ago, Nestlé revealed its plans to make its waters and “premium beverages” activities a stand-alone entity from the start of 2025.

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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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