This report analyses the global food, beverages and tobacco industry, which includes the core categories listed above. Unless otherwise noted, all values expressed in this report are in US dollar terms, using year-on-year exchange rates. All forecast data is expressed in current terms. The historic period refers to 2017-2022; the forecast period is 2022-2027. Key findings High costs still weigh on producers despite inflation slowdown in 2023 Despite an inflation slowdown in 2023, manufacturers are still impacted by the lagging effects of the uncertain economic conditions since the start of the ..read more

The alcoholic drinks market has made a swift recovery from the pandemic losses of 2020, returning to pre-COVID-19 sales levels already in 2022. In spite of the difficult economic situation, premiumisation continued to be seen in Nigeria, although it slowed in 2022. 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 popularisation of no-/low-alcohol products. Middle East and Africa has the lowest per capita consumption rate for alcoholic drinks Only Australasia h ..read more

While premiumization has demonstrated remarkable resilience in spirits, the inevitable slowdown is now underway. Discretionary spending is being scaled back, as a result of prolonged cost of living pressures, and the effects will become increasingly pronounced. Nevertheless, trends are not changing course entirely; core drivers of premiumization are deeply embedded in demand, while moderation favors quality over quantity. How can brands enhance value in an unsettled world? Key Findings: Premiumisation is under pressure Even as inflation eases (for now) in much of the world, cost of living p ..read more

Sober curious culture is a trend that is about drinkers trying to moderate their consumption levels rather than fully abstaining from alcohol. This movement originated in Western countries and has now spread widely in the West. In Asia Pacific, the concept is only at a stage where it is known to a small number of people. However, in Japan, the first signs of the sober curious trend are emerging, as “dry” initiatives are beginning to take place. After the pandemic, the sober curious trend is slowly growing in Asia Pacific In the Asia Pacific region, particularly in East Asia, drinking has tradi ..read more

The 20 Best Countries to Export Canadian Craft Beer Craft beer is an art form, a delicacy that transcends mere brewing. Canadian craft beer, with its unique combination of tradition and innovation, has certainly made its mark on the global stage. As this niche market expands, many countries have shown a keen interest in the flavorful brews coming out of Canada. But which nations offer the most promising avenues for Canadian craft beer exporters? We've analyzed trade trends, consumer preferences, and market dynamics to bring you this list of the 20 best countries to export Canadian craft beer ..read more

Why Canadian Craft Beer Is the Most Premium in the World and Why It Makes Sense to Export A Rich Tapestry of Flavors and Ingredients Canada boasts an immensely diverse landscape, from its towering mountains to its vast prairies. This bounty of nature isn't just for show – it plays a pivotal role in influencing the taste and quality of Canadian craft beers. The pure glacier waters of British Columbia, the golden barley fields of Alberta, and the unique hop varietals of Ontario all come together to create a taste that is distinctly Canadian. Such ingredients, pristine and unadulterated, are the ..read more

PACRIM Welcomes two new breweries! In our commitment to providing the best quality beers from the Pacific Rim, we are pleased to add two new breweries to our portfolio for Summer 2023; Twin Sails Brewing and Four Winds Brewing Co. Makes of the infamous Dat Juice Juicy Pale Ale and Raspberry Would Crush Wheat Ale, Twin Sails has gained significant momentum in recent years and has become a local favorite of many beer enthusiasts in Canada. Twin Sails focuses on progressive American IPAs, stouts, sours and wild barrel beers. We are always trying to push the boundaries of what can be don ..read more

Canada and Costa Rica signed a historic free trade agreement (FTA) two decades ago that eliminated tariffs on many goods and strengthened their longstanding relationship. Today, the two countries celebrate the 20th anniversary of their ground‑breaking pact with ever‑closer trade ties. With the assistance of Canada’s Trade Commissioner Service (TCS), the value of Canadian products exported to that Central American country has steadily grown. Canadian Trade Commission Costa Rica PACRIM Distributors “Costa Rica is open to Canadian business,” says Tammy Ames, Ca ..read more

Latest report on competitive market strategies for the alcoholic sector published this morning!  Some exciting things you need to know, including a great macro picture recap for various sectors.  In general, an enthusiastic return to the on-trade supported recovery for alcoholic drinks players following the decimation caused by pandemic restrictions. However, the industry is now facing a host of challenges - macroeconomic and geopolitical upheaval, supply chain disruption, and ingredient and material shortages. The no/low alcohol sector, RTDs and the digital space remain dynamic. &n ..read more

KEY DATA FINDINGS Off-trade volume sales of beer rise by 8% in 2021 to 306 million litres Imported premium larger is the best performing category in 2021, with total volume sales increasing by 13% to 18.9 million litres Ringnes AS remained the leading player in 2021, with a total volume share of 36% Off-trade volume sales of beer are set to exhibit a CAGR of 2% over the forecast period to 341.7 million litres 2021 DEVELOPMENTS Cross-border trade remains subdued Having surged by almost a quarter during 2020 amid the imposition of COVID-19 restrictions, the rate of growth in off ..read more