Spotlight Growth
No Result
View All Result
Monday, July 4, 2022
  • Login
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
No Result
View All Result
No Result
View All Result
Home Consumer Goods

Name Brand Alcohol Going Strong While Small Producers Suffer

by admin
August 24, 2020
in Consumer Goods, Market News
0
Alcohol Market COVID19

Alcohol Market COVID19

The impact of COVID-19 struck industries in unique and unpredictable ways. Restaurants, movie theaters and other social businesses continue to lose money at a terrifying rate. In contrast, consumers spending shifted to products enjoyed from the safety of one’s home. Nowhere is this more apparent than the alcohol industry – where different sub-segments suffered markedly different fates. Big brand liquor and wine sales surged as consumers shifted to at-home consumption. Meanwhile, artisanal and small-batch producers that depend on restaurant sales now struggle to stay afloat.

Craft beer and smaller vineyards enjoyed considerable ground swell prior to the pandemic. As the public turned away from name-brand products and chain restaurants, artisan liquor became a hot commodity. Although this trend may well continue when the world returns to normalcy, many of these small producers will not survive. Bigger conglomerates are seizing this opportunity to scoop up desirable mid-sized businesses. Recent alcohol M&A activity includes Ryan Reynolds’ Aviation gin brand, which was recently acquired by Diageo for $610 million.

Restaurant and Celebration Dependent Alcohol

Champagne is one of the chief losers in the pandemic economy. Closely associated with celebrations, the effervescent wine saw sales stagnate and prices tank. Producers cut grape harvests appropriately to shore up prices, but it seems few are celebrating these days. It is unlikely that champagne consumption will return to normal prior to the 2021 harvest season.

Source: WFLA
Source: WFLA

Smaller vineyards are also facing a major loss of sales. These small batch wineries depend on a combination of associated restaurant sales and tourism – both of which are almost non-existent in the current environment. The same is true for craft beers, although some enterprising small brands saw sales improvements through innovative measures. Zoom “happy hours” are a hot new trend.

Thinking “Outside the Box”

Famously, some distillers pivoted out of the liquor business entirely. Due to the instant hand sanitizer shortage that struck the world at the beginning of the pandemic, many distillers shifted production. The shift was not limited to large brands or small craft distillers – both stepped up to meet the emergency demand. For some, this provided a welcome lifeline. For others, they are now sitting on costly stockpiles of unused product.

While the fate of small producers remains in flux, alcohol sales are booming. In part, this is due to almost every locale deeming liquor stores an essential business. As alcohol is one of the few substances that can cause fatal withdrawal, it is highly unlikely that any lockdown protocol would stop sales entirely.

Article By: Adam Stone

Tags: acquisitionalcoholalcohol newsalcoholic beveragesChampagneconsumerscoronavirusCOVID-19craft alcoholcraft beeremerging growthhand sanitizerlockdownmarket newsMergerpublic companyquarantinesalesservicesSpotlight GrowthSpotlight Growth Stockstrading
Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Siyata Mobile NASDAQ SYTA SYTAW SD7 VK7 Purchase Orders Spotlight Growth

New Purchase Orders for SD7 Rugged Device, VK7, and Other Accessories Boost Siyata Mobile’s Outlook (NASDAQ: SYTA)

December 14, 2021
Telcoin TEL Crypto Spotlight Growth

Telcoin (TEL) Quietly Leads a Crypto Remittance Revolution

June 15, 2021
Decentraland (MANA) is the Proof of Concept for the Emerging Metaverse

Decentraland (MANA) is the Proof of Concept for the Emerging Metaverse

November 22, 2021
Alfi NASDAQ ALF Ridesharing Tablet Rollout Spotlight Growth

Alfi, Inc. (NASDAQ: ALF) Climbs 51% After Entering Into Agreement with Miami-Based Fulfillment & Distribution Center For its Ridesharing Digital Tablet Rollout

June 15, 2021
Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

0
Safe-T SFET NASDAQ UN Presentation

Safe-T (NASDAQ: SFET) Has Been Selected to Present at the United Nations’ Office of Information and Communications Technology Event

0
Safe-T Group SFET Q4 FY 2020 Financial Results

Safe-T Group (NASDAQ: SFET) Reports Fourth Quarter and Full Year 2020 Financial Results

0
Safe-T Group NASDAQ SFET FY 2020 Prelim

Safe-T Group Ltd. (NASDAQ: SFET) Estimates Record-High Annual Revenues of Approximately $4.9 Million Representing ~50% Growth YoY 2020

0
Emergent Health OTC EMGE LOI Fusion Specialty Pharmacy Spotlight Growth

Emergent Health Corp. (OTC Pink: EMGE) Announces LOI to Acquire Fusion Specialty Pharmacy

June 29, 2022
Decibel Therapeutics NASDAQ DBTX Interim Data Phase 1b DB 020 Spotlight Growth

Decibel Therapeutics (NASDAQ: DBTX) Shares Positive Interim Data of its Ongoing Phase 1b Trial of DB-020

June 28, 2022
Ayurcann CSE AYUR OTCQB AYURF July Product Rollout Canada Spotlight Growth

Ayurcann (CSE: AYUR) (OTCQB: AYURF) Prepares for July New Product Rollout as Distribution Expansion Continues Across Canada

June 27, 2022
NeuroSense Therapeutics NASDAQ NRSN Stage III ALS Biomarker Study Spotlight Growth

NeuroSense Therapeutics (NASDAQ: NRSN) Details PrimeC’s Positive Results from Stage III ALS Biomarker Study

June 27, 2022

Recent News

Emergent Health OTC EMGE LOI Fusion Specialty Pharmacy Spotlight Growth

Emergent Health Corp. (OTC Pink: EMGE) Announces LOI to Acquire Fusion Specialty Pharmacy

June 29, 2022
Decibel Therapeutics NASDAQ DBTX Interim Data Phase 1b DB 020 Spotlight Growth

Decibel Therapeutics (NASDAQ: DBTX) Shares Positive Interim Data of its Ongoing Phase 1b Trial of DB-020

June 28, 2022

Categories

  • Bio/Med/Pharma
  • Cannabis
  • Commodities
  • Consumer Goods
  • Crowdfunding
  • Crypto Cheat Sheets
  • Cryptocurrency
  • Earnings
  • Entertainment
  • Financials
  • Market News
  • Opinion
  • Politics
  • Real Estate
  • Split Watch
  • Sponsored
  • Store
  • Technology
  • Uncategorized
  • Venture Capital/Private Equity (VC/PE)

Site Navigation

  • Disclosures
  • Terms Of Service
  • Privacy Policy
  • Contact Us
Spotlight Growth

Copyright © 2021 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

No Result
View All Result
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener

Copyright © 2021 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Newsletter Signup

Subscribe to our weekly newsletter below and never miss the latest small/micro-cap analysis and investment news from Spotlight Growth.

Enter your email address

Thanks, I’m not interested