From the continued rise of the all-day drink to sophisticated zero proof concoctions, 2024 was a year of both nostalgic and progressive ideas in cocktails. So what’s in store for 2025?
Articles about the decline in alcohol consumption and the rise of non-alcoholic options have gotten a lot of buzz lately. Looking at the sales data, it seems to ring true.
Over the L52 weeks, Spirits demonstrated the most value to Total BevAl, having held the largest share of $ sold.
In this week’s new products roundup, Ocean Spray jumps on the powdered beverage train, good2grow grows its BIGGER juice line, and LEVIA takes inspiration from an iconic Massachusetts restaurant’s Scorpion Bowl cocktail.
Roughly a year after being acquired by SOURCE Global, aluminum packaged spring water brand Proud Source is hoping a new distribution pact with New York powerhouse Dora’s Naturals will get its increasingly national business flowing at the start of 2025.
Seoul Juice, a brand of bottled Korean pear juices, has been acquired by Arizona-based CPG portfolio company FoodStory Brands, three years after its founding in a St. Louis University dorm room.
The U.S. hemp-derived THC product market is expected to have 2024 annual sales worth $3.5 billion annually, growing to $4.4 billion by 2029. Brightfield Group estimates that sales of hemp-derived THC beverages nearly quadrupled from 2023 to 2024, growing from $102 to $382 million in annual sales, and are expected to hit $750 million by 2029 with a leading 14% CAGR.
Diageo is reportedly exploring a sale of Cîroc Vodka, the brand once transformed by the support of disgraced music mogul Sean “Diddy” Combs, who is now in prison facing federal charges of sex trafficking among other crimes.
The first of two major reports that will inform the 2025 Dietary Guidelines for Americans’ alcohol consumption recommendations has found that moderate drinking is better than not drinking for certain health issues.
This year, BevNET moved our coverage even deeper into spirits, RTD cocktails and a new generation of “adult” non-alcoholic drinks. It’s only fitting that we expand our awards to honor the work of entrepreneurs pushing these categories to new heights.
For the first time in over 50 years, a new American spirit category has been born. What's next for American single malt?
Get ready for our December Community Calls! This month, dive into key regulatory issues affecting CPG and unique paths to funding. Our December calls are free and open to the public—just register in advance and mark your calendar.
One-quarter of consumers who have visited the on-premise in the past three months have ordered a ready-to-drink cocktail (RTD) during that time, according to CGA, the on-premise arm of market research firm NIQ.
Patco Brands, the manufacturer of one of the leading wine-based ready-to-drink products and other private label brands, has made a strategic investment in Farfield, California-based Frank-Lin Distillers Products, the companies announced today.
