DUBLIN, May 11, 2020 /PRNewswire/ -- ResearchAndMarkets.com published a new article on the food and beverage industry, "Alcoholic Beverages see Surge in Demand for Online Sales due to COVID-19 Lockdown"
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.
To see the full article and a list of related reports on the market, visit "Alcoholic Beverages see Surge in Demand for Online Sales due to COVID-19 Lockdown"
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets