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Sustainability Solutions in the Wine Industry

Sustainability solutions for the wine industry were presented at the international Climate Change Leadership Summit that focused on different environmental goals. Several presentations highlighted the importance of establishing a baseline and setting specific goals to measure the reduction of greenhouse gas (GHG) emissions. Eco-friendly packaging was one of the topics discussed as heavy 750-millilter glass wine bottles produce a significant amount of GHG emissions. Industry professionals looking to make a positive impact will be switching to lighter glass as a way to reduce their carbon footprint. Source: North Bay Business Journal May...

Ready-to-drink (RTD) cocktail category growth up 40%

The ready-to-drink cocktail category is experiencing growth as it meets consumer demand for convenience. According to Nielsen data, the RTD spirit-based cocktail category grew 40.7% over the last year. Spirit and wine-based RTD cocktails sales reached $62 million and $83 million respectively, while malt-based cocktail sales accounted for $4.7 million. Nielsen stated that the recent RTD growth can be attributed to brands that are experimenting with new and interesting flavors. RTD cocktails give drinkers the ability to enjoy a drink that is typically only found in bars at the location of their choice. Reports show that young adults are opting for RTD cocktails at social gatherings and outdoor activities. Common RTD activities include outdoor picnics (32%), the beach/pool (28%), and traveling/holidays (23%). Source: The Spirits Business May...

Legislation to Promote a Free Market for Liquor Store Ownership was approved in Texas

Recent legislation approved by the Texas Senate and House of Representatives aims to promote a free and fair market. Current Texas law limits the number of liquor store permits a person can own to five with the exception of a few loopholes. These loopholes include ownership of the permits before May 1, 1949, and acquiring additional permits through a relative and merging the permits under the owner’s permit. HB1545 would authorize the Texas Alcoholic Beverage Commission to continue operations through 2031 and would increase the limit of liquor store permits an individual can own from five to 250 while eliminating the established loopholes. The legislation focuses on creating more competition and a free market that will benefit businesses and consumers in the state of Texas. Source: Distilled Spirits Council of the United States May...

The Canned Wine Trend

The popularity of canned wine has spiked and is now in demand year round. Its easy drinking style, convenient packaging, and value are enticing consumers to purchase cans and have made it one of the fastest growing forms of alternative wine packaging on the market. According to Nielsen, canned wine sales have surpassed $69 million in the past year, totaling 739,000 cases in retail outlets. Canned wines are very popular in the outdoor and active sport scene and growing popularity in big cities. Residents in big cities are purchasing caned wines for portion size to have at home or outings around town. Their portable and recyclable packaging makes them more park, beach, and festival friendly. Source: Wine Spectator May...

Wine Sales Growth Steady

Wine industry metrics in the Wine Analytics Report reflect that U.S wine sales have increased by 7 percent to $3.8 billion in the last year. According to Nielsen data, sales of domestic table and sparkling wines through the off-premise outlets totaled $844 million in the four weeks ended April 20. Rosé sales in particular have remained strong at off-premise in the past year as sales rose 37.5 percent to $525 million. In addition, rosé has done well via direct to consumer in the past year with a value of $53 million. Source: Wine Business  May...

Natural wines are growing in popularity

Restaurants from coast to coast are now introducing natural wines on their menus as they grow in popularity. To be considered a natural wine the wine must be made with little to no commercial additives and preservatives during the fermentation and bottling process. Organic wine sales in the U.S have reached over $200 million annually and are expected to rise as young people continue to opt for natural, organic, and local. According to the IWSR, global consumption of organic still wine is expected to grow from 349 million bottles to 1 billion by the year 2022.  In the U.S, forecasts predict that consumption will increase by 14% in that period. Source: Forbes May...