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Global alcohol consumption will bounce back to pre-Covid levels by 2023

Global alcohol consumption will return to pre-Covid levels by 2023, according to recent IWSR data, with the market already showing signs of recovery.

Projected to grow by 2.9% in volume by the end of 2021, the research forecasts that total alcohol consumption will reach pre-Covid levels within two years and will continue to increase steadily until 2025.

Total alcohol volume decreased by 6.2% globally during 2020, affected by lockdowns and other restrictions.   Total wine and beer volumes are both forecast to be down about -9% in 2020 and are unlikely to regain volumes for several years.   However, within the wine sector, sparkling wine volume consumption is anticipated to recover to 2019 levels by 2023, along with the rest of the alcohol market. Premium-and-above Prosecco is expected to be least impacted by Covid, and premium-and-above still wine forecast to recover lost volumes by 2022.

This growth will be boosted by several factors including the growth of ecommerce which is up 45% from 2019; to reach US $29 bn in 2020, and RTD’s, the industry quickly adapting in key markets and the increasing sophistication of the at home occasion in many markets.

“In many global markets Covid-19 accelerated the impact and growth of key industry drivers, such as the development of ecommerce, premiumization, the rise of the home premise, moderation and the need for convenience in product formats,” said the IWSR’s CEO Mark Meek.

“These are the trends that will also underpin the industry’s resilience as it pivots to meet consumers where they are in the years to come. Additionally, across many markets, some segments of the population now have significantly more disposable income than they did in 2019, some of which will be spent on beverage alcohol products.”

Another trend set to give alcohol a leg up is product premiumization, according to the IWSR, with premium-and-above wine and spirits forecast to increase by 25.6% in total volume between 2020-2025 compared to 0.8% volume growth over the same period for brands in lower price tiers.

Wine Paris & Vinexpo Paris 2021 Focuses on ‘Bouncing Back’ in Digital Format

Wine Paris & Vinexpo Paris 2021 has moved to digital format for this year, it will be providing live sessions focusing on the recovery of the wine and spirits industry called ‘Bouncing Back’ – the dates are June 8, 2021 – June 29, 2021.

Webinars, roundtable debates and exclusive interviews will go live every Tuesday on 8, 15, 22 and June 29.  Sessions will be dedicated to the new major trends in the sector including online sales and the digital sprint, the tasting revolution and sustainability.

New on-demand content will also feed into Vinexposium Connect every Thursday in June.

The International Organisation of Vine and Wine (OIV) will host a webinar on the guiding principles of sustainability and its environmental, social, economic and cultural aspects, while the IWSR will present the results of its latest report on trends and outlook to 2025 for wine and spirits consumption.

There will also be virtual tastings with Marc Almert, ASI (International Sommeliers’ Association) 2019 World’s Best Sommelier, focusing on ideas and tips for remotely stimulating the senses.

Heini Zachariassen, CEO of Vivino, will also take the floor to explain how his business tackled the health crisis and outline his strategic ambitions.

Vinocamp & La WineTech will provide an overview of solutions for improving online sales, featuring good practice to make a success of e-commerce sales.

At the end of last year Vinexposium made major changes to its schedule for 2021 due to the pandemic. In addition to moving Wine Paris & Vinexpo Paris, Vinexpo New York, Vinexpo Hong Kong and Vinexpo Bordeaux have all been postponed until 2022.

Registration and further details https://bit.ly/VinexposiumConnect

#wineevent #winetasting #vinexpo #wineparis #vinexpoparis2021 #winenews #winetrade #instawine #wine #sommelier #winemarketing #onlinewineevent #recovery #winelovers #wineeducation #digital

 

 

 

Covent Garden launches a three-week Rosé Festival

Rosé season is here and to celebrate all things pink, Covent Garden [London] is hosting its first-ever three-week rosé festival which runs from May 17th to 6th June 6th.

Over 20 restaurants participating with over 30 varieties of rosé wine, rosé cocktails, rosé themed menus, as well as 9 pop-ups from Mirabeau, Amie Wine, HUN Wine, Dirty Martini, Chez Antoinette x AIX-en-Provence, Magners, The Bubble Bros, Fiona Fleur and The Oystermen x Pol Roger which will be taking over Covent Garden’s Piazza.

With the return of indoor dining, restaurants across Covent Garden will also reopen over 2,500 additional dining spots. The area will remain at the heart of outdoor dining with the botanical pocket garden seating area on the East Piazza remaining open for takeaway drinking and dining.

 

For visitors wanting to join in the blush celebrations but preferring non-alcoholic options Ladurée will host a rosé-inspired afternoon tea, Shake Shack will offer a limited-edition cherry blossom pink shake, Amorino will be serving their very instagramable rose-shaped ice-creams in a multitude of flavours and Bubble Wrap will sell an exclusive Covent Garden Rosé and Strawberry Blossom combo. For tea connoisseurs, Whittard and Mariage Freres will also be offering over 40 rose blend teas.

I would say it’s time for a glass of rosé and some retail therapy!

For more information and details about the Rosé Festival, indoor and outdoor dining and shopping log into coventgarden.london

#rosewine #cocktails #wineevent #instawine #rosewinelovers #winelovers #wine #CoventGarden #RoseAllDay #AlfrescoLondon #RoseFestival #ThisisLondon #rosè

JeT 2020 Wine Launch [Castello Di Montepo]

What a lovely surprise – I received a personal letter from Jacopo Biondi Santi and Tancredi Biondi Santi announcing the launch of their JeT 2020 vintage – what a nice touch!

Here is a unique backstory on this wine.

  • This wine was created out of passion and innovation
  • The initials “JeT” represents Jacopo and Tancredi
  • This wine was developed with oenologist Donato Lanati after 3 years of research
  • The Sangiovese Grosso “BBS11” clone is the innovation of the Family – an off-the-skin vinification at low temperatures
  • This variety is typical of the Tuscan Maremma’s territory

Soil: coarse-grained Galestro

Altitude: 300 – 500 metres a.s.l.

Variety: Sangiovese grosso BBS11 100%

Tasting notes

This elegant rose from Castello Di Montepo is pale blush and soft rose in colour; it exhibits freshness with the intensely of fruit and floral notes which all transforms on the palate; impressive structure, well-balanced through to a long lingering finish.  Delightful!

91/100

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Covid-19 Vaccine Passports Are Coming…..What Will That Mean?

Sometime soon, you might arrive at an airport or a stadium or a restaurant, open an app or flash a card, and be admitted to a place or experience that was denied you during the pandemic. You will have just deployed a vaccine passport, a certification of either vaccination status or immunity following a natural infection that confirms you no longer pose a risk to others.

“Soon” is right now in Israel, where a passport debuted in February that lets vaccinated people attend events and patronize restaurants and gyms in the country, and in Estonia and Iceland, where proof of vaccination allows non-citizens to enter without quarantine. Soon is probably the near future for other rich countries that vaccinated their citizens early—including in the United States, where the Biden administration has committed to the concept of vaccine passports and is pushing the Department of Health and Human Services to set standards for competing private-sector products.

….continued…https://www.wired.com/story/covid-19-vaccine-passports-are-coming-what-will-that-mean/

Source:  Wired

#science #VaccinePassport #vaccine #covid19 #travel #travelnews #Monday #travelnews #instatravel #mondaymotivation #mondaymood #mondayvibes #travelgram #traveltheworld