Beverage industry news

Here are some recent news and trends in the beverage industry:

1. Craft Beer Continues to Grow: According to a report by the Brewers Association, craft beer sales in the US grew 4% in 2020, with small and independent breweries accounting for 13.2% of the overall beer market.

2. Non-Alcoholic Beverages on the Rise: Non-alcoholic beverages, such as soda, juice, and tea, are gaining popularity, driven by consumer demand for healthier options. According to a report by Euromonitor International, the global non-alcoholic beverage market is expected to grow 3.5% annually from 2020 to 2025.

3. Plant-Based Beverages: Plant-based beverages, such as plant-based milk alternatives and vegan juices, are becoming increasingly popular. According to a report by Grand View Research, the global plant-based beverage market is expected to reach USD 21.4 billion by 2025, growing at a CAGR of 8.5% during the forecast period.

4. Functional Beverages: Functional beverages, such as energy drinks and sports drinks, are gaining popularity due to their perceived health benefits. According to a report by ResearchAndMarkets.com, the global functional beverage market is expected to reach USD 243.4 billion by 2025, growing at a CAGR of 8.1% during the forecast period.

5. Sustainability in the Beverage Industry: The beverage industry is facing increasing pressure to reduce its environmental impact. According to a report by the Ellen MacArthur Foundation, the beverage industry is responsible for 1.4 billion tons of greenhouse gas emissions annually, and companies are implementing sustainability initiatives to reduce their carbon footprint.

6. E-commerce and Online Sales: Online sales of beverages are growing, driven by consumer demand for convenience and the rise of e-commerce platforms. According to a report by Nielsen, online sales of beverages in the US grew 15.4% in 2020, with 44% of consumers purchasing beverages online.

7. Acquisitions and Mergers: The beverage industry has seen several high-profile acquisitions and mergers in recent years, including PepsiCo's acquisition of Rockstar Energy and Coca-Cola's acquisition of Costa Coffee.

8. Flavored Water: Flavored water is a growing trend in the beverage industry, driven by consumer demand for low-calorie, low-sugar drinks. According to a report by Euromonitor International, the global flavored water market is expected to grow 5.5% annually from 2020 to 2025.

9. Coffee and Tea: Coffee and tea are two of the most popular beverages in the world, and the industry is seeing significant growth and innovation. According to a report by the International Coffee Organization, global coffee consumption is expected to grow 2.5% annually from 2020 to 2025.

10. Packaging Innovations: The beverage industry is seeing significant innovation in packaging, driven by consumer demand for sustainability and convenience. According to a report by Packaging World, the use of eco-friendly packaging materials, such as bioplastics and recycled materials, is expected to grow significantly in the coming years.

These are just a few of the latest trends and news in the beverage industry. The industry is constantly evolving, and there are many exciting developments and innovations on the horizon.