TIL World’s biggest beer, wine and spirits producers have collectively lost $830 billion in market value over just four years. Changing drinking habits and rising health concerns have hit earnings across the sector. Millennials and Gen Z are also not much interested in alcohol.
Canada’s boycott of big US manufacturers has helped as well.
Nah. We stopped buying American, and instead we buy Canada and Scotland and New Zealand alcohol products. It’s not a reduction, just a delicious shift.
Are the worlds largest producers of beer wine and spirits mentioned in this article Canadian? Because if not, I don’t see how it’s relevant.
If they ARE Canadian…really? Are you sure? There’s one that begins with an M thats Canadian. Moltav or something like that. I’d know it if I saw it. Other than that one, I can’t think of any Canadian beer.
Molson
There’s lots of craft beers on Canada now. At least, that’s most of what I’ve bought lately but I don’t drink very often.
Shout out to Granville Island Winter Ale. Goddam delicious!
Granville Island Brewing is owned by Creemore Springs which is owned by Molson Coors.
Ah damn.
Need a law that gets rid of American ownership of Canadian companies.
There may be a lot of craft breweries in Canada now, but if they only sell in Canada and maybe the US border region you’re still looking at a fraction compared to even a US-only producer based on population alone.
Unless they are massive, like the scale of something like Budweiser… They’re probably not part of the “world’s biggest producers”.
Scotland is seeing a huge drop in scotch sales, and France is seeing a huge drop in wine sales. Even though the US producers are seeing a bigger drop due to Canada’s boycott, the rest of the world is also seeing a drop even accounting for the Canadian shift to their products.
I really think it’s the wealth inequality. People can’t afford it.