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Domestic Table Wines Increase Sales In July

Domestic table wine sales increased by 4 percent boosting U.S wine sales in July, leading the total U.S  wine market 3 percent higher to more than $73 billion in the last 12 months. Market research firm bw166 reported that domestic wine sales increased 4 percent and reached $50 billion in the last 12 months. According to the latest Wine Analytics Report, domestic sparkling wine sales grew 2 percent while domestic table wines increased 5 percent surpassing $45 billion. The reports show that consumers are spending a greater amount on a lower volume of wine. Source: Wine Business August...

Premium Products Continue to Drive Distilled Spirits

According to the Beverage Information Group’s 2019 Liquor Handbook, the distilled spirits industry ended the year up 2 percent and reached 232.2 million 9-liter cases. Consumer’s preference for high-end and super premium products have been key factors that contributed to the increase in consumption. The popularity of brown spirits, such as straight whiskeys and bourbons, continues to rise. Whiskey brands have gained the interest of consumers who appreciate the heritage background and authenticity. The cognac, tequila, and Irish whiskey categories also made significant increases in 2018. Source: The Beverage Information Group August...

Amazon considering a new Wine store

Amazon plans to expand their sales of wine beyond their Prime Now delivery service by setting up a liquor store in San Francisco. Amazon launched online wine sales in 2012 and started delivering wine with their Prime Now service in 2015. The San Francisco Business Times’ Business Insider reported that Amazon applied to the city’s Board of Supervisors to obtain a license that will allow them to set up a liquor store in San Francisco. The store will operate as a traditional liquor store and serve as a delivery hub for Prime Now deliveries. Source: Wine-searcher August...

The U.S. wine market remains on top

According to the Wine Intelligence’s Global Compass 2019 report, the U.S. remains at the top of the list as the most attractive wine market in the world. News from Compass 2019 explained that more people are spending a greater amount of money on wine than ever before. Along with the U.S. are Canada, France, Germany, and The Netherlands making up the top five. Wine Intelligence reported that the increase in imported wines and positive economic performance have raised the Compass rating for countries in Eastern Europe such as Romania, Poland, Hungary and Slovenia. Source: Harpers August...

Top trends for the alcoholic beverage industry

The rise in low and non-alcohol drinks have led brands to create new products in their category. Brands have started to release more premium level products in order to attract more consumers. Fruit-infused beer is one of the five emerging alcoholic trends that are likely to continue into 2020. Brands have been successful in adding ingredients such as peach flavor and elderflower flavor to beers which offer a ‘crossover’ option to those who are not a fan of beer’s natural taste. Ready to drink cocktails have grown in popularity due to the low alcohol, low sugar, and natural ingredient options. Source: FoodBev Media July...

Beer Sales Up By 3.5 Percent Through Mid-July

Market research firm IRI reported that year-to-date beer category dollar sales in off-premise retailers have increased to nearly $19.5 billion, growing by 3.5%. IRI data shows that imports have increased by 5.9%, flavored malt beverages  by 27.7%, and domestic super premiums by 12.6%. In the four weeks ending July 14, category-wide sales surpassed $3.4 billion and grew by 5.7% while flavored malt beverage sales increased 38.2%. Flavored malt beverage dollar sales reached nearly $1.9 billion. Dollar sales of craft beer reached over $2.2 billion and are up 2.9%. Source: Brew Bound July...