Total volume of alcoholic drinks in China saw a marginal rebound in 2023, shifting from decline in 2022 to a slight single-digit increase in 2023. However, the off-trade channel experienced a slight decrease in volume sales, while the on-trade channel saw a low single-digit volume increase.

Alcoholic drinks in the Philippines continued to see healthy growth in volume terms in 2023. This was within the context of a gradually improving economy, which had a positive impact on consumer spending. Indeed, the country finished with year with a GDP growth rate of 5.6%, which exceeded that of other major Asian economies, including China, Vietnam and Malaysia.

Alcoholic drinks have always straddled the line between traditionalism and novelty, with heritage providing timeless gravitas, while innovation recruits younger consumers or allows for fresh occasions or need states to emerge. The pandemic years derailed new product launch pipelines as the focus shifted back towards streamlining operations, but as Gen Z is coming of age, brand and category promiscuousness replace blind loyalty, and new rituals emerge, what does the future hold for innovation?

In the latest report from PACRIM with Euromonitor, we examine how the food, beverages and tobacco industry is performing globally and in the largest countries in terms of food, beverages and tobacco output. The report also provides data for production, market size, imports, exports, industry costs, industry profitability and number of companies. The industry and market overview provide benchmarks against other countries in the region.

Check out PACRIM’s Guide to Alcohol in the Middle East and Africa, where the alcoholic drinks market has made a swift recovery from the pandemic losses of 2020, returning to pre-COVID-19 sales levels already in 2023. In spite of the difficult economic situation, premiumization continued to be seen in Nigeria, although it slowed in 2023. Higher-income consumers, the key consumers of premium products, tend to less impacted by difficult economic conditions. Another trend being seen in a number of countries is the ongoing popularization of no-/low-alcohol products.

Topline data from the latest report on Competitive Strategies in Beverage Alcohol for 2022, featuring data from Euromonitor and insight from PACRIM Distributors Inc. Full report available info@pacrimdistributors.com

Latest 2023 country report on the total Beer Market in Norway, and market forecasts for 2022-2025 featuring content from Euromonitor 2023

Latest 2023 country report on the total Beer Market in Sweden, and market forecasts for 2022-2025 featuring content from Euromonitor 2023

Sales of alcoholic drinks rebounded in 2021 after declining in 2020. The on-trade made a better-than-expected resurgence as people began socialising once more thanks to the rollout of the vaccination programme. Beer and spirits remain the largest categories, while wine sales remain low. RTDs are also growing in popularity, especially among young adults.

The COVID-19 pandemic has transformed the consumer landscape, giving rise to changes in consumer priorities and preferences. This requires companies across a range consumer industries – from alcoholic drinks and apparel and footwear through to home care and consumer finance – to rethink their strategies and innovate to meet the changing needs of post-pandemic consumers.

Latest market forecast for non alcoholic beverages and soft drinks in Canada, for the calendar year 2022; with data from Passport Euromonitor International!

A vast library of data on the Canadian macro-economic environment, with data from Euromonitor International; this guide is designed for anyone to understand how to do business in Canada.

PACRIM’s Summary on craft beer in Seoul, South Korea with data from Euromonitor International 2022

Canadian craft beer market summary for the calendar year 2022, with data compiled from PACRIM Distributors team and Euromonitor International

PACRIM analyzes the top 6 competitive strategy trends in beverage alcohol for the calendar year 2022. Supplemented with data from Euromonitor International.

Latest summary and market forecast for craft beer in Thailand in 2021 based on data and market trends from Euromonitor International as of September 2021.

Latest summary and market forecast for craft beer in Sweden based on data and market trends from Euromonitor International as of May 2021.

Topline market data for craft beer in South Africa featuring 2021 data from Euromonitor International

Latest market summary on RTDs in China with data from Euromonitor International. RTD (Ready to Drink) beverages are exploding in China and have the largest forecast growth (CAGR) over the next 5 years, outpacing beer, spirits, wine, and non alcoholic beverages.

Latest summary and market forecast for craft beer in Portugal based on data and market trends from Euromonitor International.