The Global Beverage Alcohol Industry's Leading Trends
Matthew Iovane explains consumer behavior and technology advancements, together with an increasing awareness of environmental responsibility, are reshaping the worldwide beverage alcohol sector. The annual Global Trends Report from IWSR Drinks Market Analysis analyses these shifts and trends. Consumers can now experiment with categories they've never tried before thanks to new entry-level companies. Consumer appreciation for crafted products is being driven by premiumisation and a new mentality of "less is more." Additionally, niche flavors are gaining appeal. The global market for alcoholic beverages is classified by type, distribution channel, and geography. The market is segmented into four categories: beer, distilled spirits, wine, and spirits. Beer is further classified into sparkling and fortified wine within each of these categories. The worldwide alcoholic beverage market is also segmented by distribution channel, with liquor stores and convenience stores account...