According to the Asian Development Bank, the Philippines is facing a severe recession this year as a result of the pandemic. Years of stable economic growth of around 6.4per cent up until 2017 have been followed by a 7.3 percent fall in GDP in 2020. But the country’s economy should be back on track next year. Here, we examine what the current economic situation, the tax on sugary drinks introduced in 2018 and the coronavirus pandemic mean for the Philippines drinks industry.
India is one of the largest producers and consumers of spirits globally. Popularly known as a whiskey market, India is one of the largest spirits markets on the basis of volume. Though it is driven primarily by whiskey growth, other subsegments like brandy, rum, vodka and gin have also been posting steady numbers in the last few years. The country’s huge population (1.3 billion strong), rising disposable income and changing lifestyle are expected to keep the spirits demand high for the foreseeable future.
Wine sales via catering services have taken a nosedive due to the coronavirus pandemic, especially during lockdown – a great shock for the German wine market. The German wine industry, however, is using this opportunity, to reinvent itself and is breaking new ground in online retail.
It is not only sustainable production that is increasingly coming into focus within the beverage and food industry: especially among manufacturers of non-alcoholic beverages, the focus is increasingly on the sustainability potential of packaging.
Right now, in autumn 2020, under the effects of the COVID-19 pandemic, hygiene and health shape consumers’ perception and actions. However, sustainable products with resource-friendly production remain important to people, as well.
In 2019, the demand for non-alcoholic beverages fell by 5.8 percent per household, causing several market observers to hope for stabilization in 2020. The changes, however, to everyday life due to COVID-19 measures have also shaped developments in the beverage industry.
In the past few years, Australia’s beverage industry has seen a significant trend away from sugar-sweetened soft drinks. This downturn follows the worldwide demand for low- and no-sugar drink alternatives. This trend – as well as the current Covid-19 pandemic – has a massive impact on the country’s PET use.
According to the current BarthHaas Report Hops, the beer industry reported a positive development worldwide in 2019, with cultivation areas...
Water is essential for all life processes. There can be no life without it. Therefore, it is not surprising that water is also a crucial factor in the beverage industry and in wine production. This makes irrigation for wine growing a topic more important now than ever.