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5 Trends in the Beverage Alcohol Industry for 2021

Last year’s pandemic caused massive shakeups for nearly every business sector, with wine and spirits being no exception.

While these changes were, at first, wildly unpredictable, the dust has now settled enough for us to see them clearly, as well as the factors that led to them and how they might change next. In this article we will be examining some of the trends that have emerged going into 2021, and how these changes might continue to develop throughout the new year.

5 Trends in the Beverage Alcohol Industry for 2021

This is a tremendous relief to small beverage producers, who were already struggling to keep their doors open throughout the pandemic. If the bill had been allowed to expire, excise tax rates could have shot from $2.70 per proof gallon back up to the original rate of $13.50 per proof gallon. This 400% tax increase would likely put several small producers out of business while elevating the price of craft beverage products for consumers.