Americans’ Alcohol Preferences Remain Relatively Steady + Is Dunkin' Spiked Proof That RTDs Have Gone Too Far?
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September 14, 2023

Vol. 893 | Share with a Friend

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Sotol Is Aiming To Be "The Next Mezcal"

In 2022, sotol experienced a significant 17% increase in volumes, and IWSR forecasts a compound annual growth rate (CAGR) of 6% for the category between 2022 and 2027. Currently, over 60% of sotol production in Mexico is exported, primarily to the U.S.

 

Several new sotol brands have entered the U.S. and Mexican markets with ambitions to position sotol as "the next mezcal," including Nocheluna, a partnership between Casa Lumbre, Pernod Ricard, and musician Lenny Kravitz. However, sotol's volumes remain small compared to tequila and mezcal, and growth projections suggest this may not change significantly in the near future. [IWSR]

 

At Bar Convent Brooklyn this past summer, Luigi Ambrosi, Co-Founder & CEO of Cardenxe Sotol, explained why he believes the category will be the next big spirit to come out of Mexico and what makes it so unique. [Park Street]

INDUSTRY NEWS

Silent Pool Distillers Acquired by William Grant & Sons

Source: The Drinks Business

 

Americans’ Alcohol Preferences Remain Relatively Steady, Though Liquor Overtakes Wine

Source: Marketing Charts

 

Is Dunkin' Spiked Proof That RTDs Have Gone Too Far?

Source: Wine Enthusiast

 

Jack Daniel's Unveils Virtual Reality Experience

Source: The Drinks Business

Park Street is pleased to announce its return to Bar Convent Berlin in 2023 to host Park Street University: Seminar for Drinks Entrepreneurs.

 

2023 Spirits State of the Union: Key Trends & Opportunities

 

2023 has been an unconventional year in the global spirits business, but our experts in this seminar are here to make sense of it all. With plenty of data to share, they will reveal the big trends that shaped 2023 from both consumer and trade perspectives, as well as opportunities ahead for 2024.

 

Jesse Cortes, Senior Manager, Business Development, Park Street Companies
Spiros Malandrakis, International Head of Research - Alcoholic Drinks, Euromonitor International
Graeme Loudon, IQ Managing Director - EMEA, CGA by NIQ

Learn More

PRESS RELEASES

Bill Edwards Joins Bosscal Mezcal as Chief Strategy Officer

Source: Bosscal Mezcal

 

Blue Run Unveils Reflection II Bourbon

Source: Beverage Dynamics

 

Suerte Tequila Launches New Line of Canned Cocktails

Source: BevNet

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You can find the Park Street team at these upcoming events.

 

Sept 17- ECRM

 

Oct 9-11- Bar Convent Berlin

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