Ep 1: An Overview of the US Beverage Market With Kaleigh Theriault, NielsenIQ

The U.S. beverage market is the most lucrative in the world — if your product is a hit, your money worries will (mostly) be over. But the post-pandemic market is undergoing a structural shift, with beverage alcohol declining and consumers wanting new flavors on a regular basis.

In this episode, Kaleigh Theirault of NielsenIQ tracks the changes, from the rise of canned cocktails to the emergence of new categories:

1. Why and how consumers are moving to the off-premise

At-home consumption of wine, beer, spirits and other drinks is rising. Is this just because people are still overstocked from the pandemic? Or is there something deeper going on?

2. Consumers are divided

The economy is great — for some people. Those people are out enjoying themselves, lining the bar and filling restaurant seats. Another group feels like they’re falling behind. The drinks preferences of both groups are diverging.

3. More choices, more fragmentation

Back in the pre-pandemic days, consumers would think of themselves primarily as wine drinkers, beer drinkers, or as belonging to some other category. But as choices have widened, the mental barriers have fallen, and consumers are now ready to try everything — with consequences for producers.

4. Things are speeding up

To capture consumers, producers have to work harder and faster. New flavors, new products and new offerings of all kinds. As the product cycle shortens, how can producers keep up?

5. Wine consumption is falling

While older consumers still reach for their Cabernet and Chardonnay, younger consumers prefer cocktails. Is this just a short-term trend — or is it structural?

All this and more in one fact-packed episode.