2024 March

Special Report

2024 BEER MARKET REPORT

Positioning for a comeback

March 7, 2024

This annual report offers detailed performance, insights and new product releases from six key beer segments: craft, domestics, flavored malt beverages, imports, hard cider,and non-alcohol.

Special Report

2024 Beer Report | Non-alcohol beer posts strong results

Alcohol-free beer helps beer market maintain consumer base

Jessica Jacobsen

March 7, 2024

Experts note that the proliferation of non-alcohol beer has allowed the category to retain consumers as beer contends with more competition in recent years.

Special Report

2024 Beer Report | Imported beer raining with success

Mexican beers core driver of segment’s success, experts note

Jessica Jacobsen

March 7, 2024

Import beer posted another strong year in 2023 with experts calling attention to the performance of Mexican beers as the driving force behind that growth.

Special Report

2024 Beer Report | Hard cider ready to make a comeback

Imperial ciders, adventurous flavor combinations driving hard cider’s performance

Jessica Jacobsen

March 7, 2024

Hard ciders have been challenged the past few years, but the beer segment is looking to make a comeback as imperial ciders offer new opportunity.

Special Report

2024 Beer Report | Flavored malt beverages shine in US beer market

Bold flavors drive interest in ready-to-drink alcohol space

Jessica Jacobsen

March 7, 2024

Flavored malt beverages and hard teas shine in the ready-to-drink alcohol space, while hard seltzers and hard kombuchas show declines.

Special Report

2024 Beer Report | Beer market aims to engage new consumers

Innovations, packaging will be crucial for domestic beer’s future

Jessica Jacobsen

March 7, 2024

The U.S. beer market’s resume showcases some wins and losses. To build out its future, analyst suggest domestic beer explore flavor innovations and packaging to engage new consumers.

Special Report

2024 Beer Report | Local brewers delivering stronger performance in craft beer

Craft beers declines slow compared with previous years

Jessica Jacobsen

March 7, 2024

As craft beer slows down its decline, local market players and flavor innovations help the segment recover its market share.

Flexible case packing, wrapping equipment essential for beverage operations

Thinner materials, sustainability efforts prompts machinery innovation

Lauren Sabetta

February 20, 2024

As the retail market continues to drive demand for flexible case packing and wrapping equipment, experts highlight how these packaging systems work to meet beverage market trends.

Ingredion's Sweet Cream Cold Brew Coffee

Beverage-makers turn to natural sweeteners as consumers aim to lower sugar intake

Brands must deliver on taste, health expectations

Chloe Alverson

February 26, 2024

Natural sweeteners are looking to deliver sweet solutions while accommodating consumer demands for less sugar content.

Processing automation balances product quality in an evolving beverage market

Fortification, sweetener trends influence processing equipment innovations

Lauren Sabetta

February 27, 2024

Propelled by the need to balance product quality with evolving consumer demands, an expert highlights how processing automation is adapting to meet beverage industry demands.

Category Focus

Flavor innovations, health attributes drive growth for kombucha

Prebiotic sodas bring increased competition

Lauren Sabetta

February 23, 2024

Although a niche category, experts highlight how the kombucha market remains resilient, driven by health and wellness trends and diverse flavor innovations.

Organic, functional demands driving future for coffee ingredients

At-home consumption, alternative additives open doors for coffee

Jessica Jacobsen

February 19, 2024

Coffee trends are prompting beverage-makers to adapt to new consumer demands for the staple American beverage. However, as consumers seek out organic, functional attributes in coffee solutions, experts see more opportunities beyond the traditional coffee category.

Recyclability, convenience among reasons beverage brands opt for aluminum packaging

Product protection and size variation add to aluminum’s appeal

Chloe Alverson

February 21, 2024

Experts say factors like environmental concerns, lifestyle preferences, visual marketing strategies, product quality considerations, craft beverage trends and the efficiency of aluminum recycling processes are causing brands to turn to aluminum packaging.

Channel Strategies

Price, growing assortment drives interest in drug, dollar stores

Convenience fuels drug channel interest, while low prices entice dollar channel interest

Chloe Alverson

February 22, 2024

Inflation has accelerated the trend of higher-income consumers shopping at dollar stores, experts report.

Safety reviews, division sales announced by ingredient suppliers

AAK expands its AkoPlanet platform

March 11, 2024

Ingredient suppliers are sharing the latest on safety opinions as well as announcing platform expansions and division sales.

Beverage Beat

Authenticity vital as consumer shopping behaviors shift

Salsify report suggests way to engage with consumers as budgets impact spending habits

Jessica Jacobsen

February 15, 2024

Salsify’s “2024 Consumer Research” report shows how budgeting efforts are shifting consumer shopping habits and pinpoints ways that brands can engage with shoppers.

Between Drinks

Research shows males age 60 and older more involved with wine

Younger generation increasingly interested in no, low alcohol consumption

Lauren Sabetta

February 16, 2024

Colangelo & Partners and Wine Opinions conducted its second annual wine survey, this year honing in on U.S. wine drinker attitudes and behaviors, as well as trends related to beverage alcohol consumption and health.

2027 EPA standards prompt changes for heavy duty vehicles

New, proposed missions-reduction regulations create a challenging road ahead

Jeff Cioletti

March 1, 2024

Last year, the EPA unveiled a set of proposals geared toward minimizing the levels of greenhouse gases, hydrocarbons, nitrogen oxides and particulate matter released into the air. Those standards would apply to light- and medium-duty vehicles and would phase in over model years 2027 through 2032.

Suja Life appoints Maria Stipp as new CEO

Beverage leader brought in to drive new heights, continue to build portfolio

Staff Beverage Industry

February 15, 2024

Suja Life, a Paine Schwartz Partners portfolio company and the parent company of Suja Organic and Vive Organic, announced the appointment of Maria Stipp as its new CEO, effective Feb. 20. Stipp succeeds Bob DeBorde who will retire and remain an active member as Chair of the Board of Directors.

Monster Beverage Corp.’s CANarchy to operate as Monster Brewing

The Beast Unleashed, Nasty Beast Hard Tea represent the majority of beverage alcohol sales

Staff Beverage Industry

February 1, 2024

Monster Beverage Corp., Corona, Calif., announced that effective immediately, CANarchy Craft Brewery Collective will operate under the name Monster Brewing Co.

Bruichladdich Islay Barley 2014

January 24, 2024

Bruichladdich Distillery Co. announced the release of Islay Barley 2014, the latest installment of its Barley Exploration Series.

BODYARMOR ZERO SUGAR

January 29, 2024

BODYARMOR unveiled BODYARMOR ZERO SUGAR, the brand’s first zero sugar sports drink.

Decoy Featherweight Sauvignon Blanc

January 26, 2024

The Duckhorn Portfolio announced the launch of Decoy Featherweight Sauvignon Blanc, a lower-calorie wine with a 9% ABV.

Almond Breeze Original Almond & Oat Blend

January 25, 2024

Blue Diamond announced a new addition to its selection of Almond Breeze products with the launch of Almond Breeze Original Almond & Oat Blend.

VUUM plant-protein energy drink

January 10, 2024

Health and wellness brand VUUM announced the official launch of its carbonated plant-protein drinks.

Tequila Don Julio Alma Miel

January 22, 2024

Tequila Don Julio, a brand of Diageo North America, introduced Tequila Don Julio Alma Miel, a new permanent addition to its portfolio offerings.

Darigold Belle coffee creamers

January 31, 2024

Darigold launched its new Belle brand of dairy-based coffee creamer made with just five ingredients including real cream.

Big Sipz Purple Punch

January 18, 2024

Big Sipz, a brand of MLP Brands, announced teaming up with rapper Waka Flocka Flame to unveil: Big Sipz Purple Punch.

Labatt debuts Buffalo Sabres throwback cans

January 25, 2024

As a partner of the Buffalo Sabres, Labatt is highlighting the fan-favorite, black and red throwback “Goathead” Sabres jersey with limited-edition cans in both Labatt Blue and Labatt Blue Light.

North Coast Brewing Co. release 19.2-ounce beer cans

February 9, 2024

North Coast Brewing Co. (NCBC) released its first-ever 19.2-ounce beer cans. Scrimshaw and Old Rasputin now are available in 19.2-ounce cans. NCBC also will continue to offer these beers on draft and in bottles.

Ocean Spray rolls out new brand identity

February 8, 2024

Ocean Spray Cranberries Inc. unveiled a new brand identity. The refreshed approach marks the first major brand overhaul in more than two decades. During this process, the strategy was fueled by the vision of being “wildly uncommon.”

Element[AL] Wines launch in aluminum bottles

February 1, 2024

Bogle Family Wine Collection announced the release of Element[AL] Wines, a wine brand with 750-ml aluminum wine bottles that are lightweight, infinitely recyclable, and are made in the shape of a traditional wine bottle.

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