LUXURY WINES AND SPIRITS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In January 2024, Free AF, a U.S.-based brand specializing in alcohol-free beverages, announced the launch of its new non-alcoholic Sparkling Rosé, now available at Sprouts Farmers Market locations across the United States.
• In 2023, Mionetto, a drink company, introduced a new line of non-alcoholic sparkling wine, expanding its portfolio to cater to the growing demand for alcohol-free alternatives. This innovative product aims to provide the same celebratory experience as traditional sparkling wine, making it an excellent choice for those seeking a sophisticated beverage without the alcohol content.
• In 2023, Giesen, a New Zealand-based provider of non-alcoholic wine, unveiled its latest offering, Giesen 0% Sparkling Brut. This addition enhances Giesen's diverse non-alcoholic wine range, which also includes options such as 0% Sauvignon Blanc, Pinot Grigio, Riesling, Rosé, and Premium Red.
• On St. Patrick's Day in 2022, Jameson unveiled an exciting new addition to its portfolio: a citrus-flavored whisky that promises to delight fans of both traditional and innovative spirits. These unique whisky features undertones of vanilla and almonds, evoking the classic flavors found in an Old-Fashioned cocktail, making it a versatile choice for various occasions.