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Alcoholic Beverages: COVID-19

Alcoholic Beverages See Surge in Demand for Online Sales

The COVID-19 outbreak forced most restaurants and bars to close to prevent the spread of the virus. This has affected revenues for many alcoholic beverage producers with craft beer producers seeing a significant reduction. This is due to the fact that the craft beer sector is highly reliant on on-premise sales and some producers do not offer bottled beer. While there has been a decline in demand for high-end liquors there has been a surge in demand for budget and mid-priced alcoholic beverages that consumers can enjoy at home. Spirits have seen soaring demand in the US with tequila experiencing more than 75% growth and sales of canned cocktails rising by 93% in March. Sales of wine and beer also rose by 66% and 42% respectively.

Online providers have seen the biggest increase in sales as consumers follow social-distancing guidelines and avoid visiting premises in-person. Drizly, an online alcohol delivery provider operating in the US and Canada has seen a 300% rise in sales during the COVID-19 pandemic while Winc, an online wine club, saw a 578% increase in new members in March. Other platforms like Vivino and Vinopro have also experienced a surge in sales.

We have included a selection of our most popular market research on alcoholic beverages below.

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The Impact of Coronavirus on Alcoholic Drinks

1

The Impact of Coronavirus on Alcoholic Drinks

  • ID: 5018745
  • Report
  • 39 Pages
  • Region: Global
  • Euromonitor International
Alcoholic Beverage Market - Growth, Trends, and Forecast (2020 - 2025)

2

Alcoholic Beverage Market - Growth, Trends, and Forecast (2020 - 2025)

  • ID: 4787540
  • Report
  • 110 Pages
  • Region: Global
  • Mordor Intelligence
Distilled Spirits Market 2019-2025

3

Distilled Spirits Market 2019-2025

  • ID: 4987981
  • Report
  • Region: Global
  • Orion Market Research Private Limited
Global Alcoholic Beverages Market 2019-2023

5

Global Alcoholic Beverages Market 2019-2023

  • ID: 4774776
  • Report
  • 120 Pages
  • Region: Global
  • TechNavio

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