Third-quarter data shows that nearly all of the product segments in the popular price tier for wine and spirits declined during the period, indicating consumers are still buying higher-end brands, according to a new report from SipSource.

The off-premise continues to be the lifeline of the industry with spirits leading the way up 5.3% and wine up 0.1%. This is the first time that off-premise wine has been in positive territory since September 2018. However, on-premise share of depletions for wine and spirits is expected to be half of what it was before COVID by the end of the year.

Source: SipSource, November 2020

 

Start Enhancing Your Productivity Today

Over 3,000 Alcoholic Beverage brands have experienced the benefits of partnering with us to enhance their productivity. Contact us and find out how Park Street can start helping your brand today.