The trend of complication of Russian beer market is going on and in several directions at the same time. The range has got wider, the import and small segments are growing, namely craft beer, alcohol-free beer and special flavor beer. At the same time, all ex-mega brands and light lagers by Russian brewers are experiencing a decline of their shares. AB InBev Efes, Heineken, MBC and Pivzavod Trekhsosenskiy have exceeded the market, Carlsberg was developing slower than the market and Ochakovo as well as some other mid-sized breweries have been cutting down their volumes. To a big extent brewers’ performance was connected to their ability to reach agreement with networks, sacrifice their margin and enter new markets. Craft brewers are facing a serious danger of producers’ registration introduction – de facto licensing. ...
The global outlooks of the legal market of cannabis are excellent. It is possible to simultaneously imagine dry law repeal and craft brewing boom but not in one but in several consumer categories. For alcohol is contained in liquids and cannabis derivatives can be in three physical forms. The value of legal market of cannabis and its products can reach 10% of the world beer market in five years, and in 2030-2040 even reach the same scope provided the current rates of legalization and development of market infrastructure remain at the same level. Cannabinoids are actively integrating into the food industry from chewing gum to beverages deforming the pharmaceutical and alcohol markets, they influence the trends of healthy lifestyle and beauty. ...
Beer market of Kazakhstan acquired both traits of East European countries and South Eastern Asia taking a transitional position between them by many criteria and consumption style. Yet there is a positive trend in beer production which differs Kazakhstan from most of the neighboring countries. The market has remained consolidated in the hands of two international players because of its small size. However, it faces dynamic processes such as fast growth of draft beer sales, up and downs of regional companies and Carlsberg Group’s ultimate expansion. Excessive mainstream segment has declined over the recent years, yet, Zhigulevskoe and national brands with regional links have yielded their positions to a range of new products. In our review special attention was paid to regional analysis of the markets. In 14 regions of Kazakhstan we compared the companies’ positions, the market price segmentation and DIOT channel development. Besides we have compared the beer market of Kazakhstan to neighboring countries. ...
India. Liquor companies lost $4 billion last year due to prohibition and GST exclusion
Nearly a dozen listed liquor companies in India have lost almost $4 billion, or a third of their market capitalisation, over the past year as their shares fell following a consistent decline in sales growth, prohibition in few states and exclusion of the segment from the GST ambit.
The combined market value of three largest companies — United Spirits, United Breweries and Radico Khaitan — crashed 30 per cent to Rs 55,392 crore from a year ago.
During the same period, the benchmark index Sensex fell marginally by 0.6 per cent.
"Prices of liquor brands went up by over 20 per cent due to taxes since more than two years. Then there are many states that banned alcohol which is impacting the estimated growth of the industry," said Aditya Joshi, consumer analyst with Nirmal Bang.
Since last year, Kerala, Bihar &Tamil Nadu that account for 20 per cent of India's alcohol consumption, banned liquor either completely or in a phased manner.
India is the second-largest spirits-consuming country behind China. However, India's overall liquor consumption at 314 million cases grew less than a percent in 2015, compared with about 2 per cent a year ago, and more than 10 per cent between 2004 and 2014.
"We do not expect the regulatory environment to materially improve in the next two to three years and this will impede any broad improvement in operating profit margins for alcoholic beverage companies," said a report by Moody's.
While the long-term potential of India's alcoholic beverage market is backed by strong growth prospects in the economy, rising disposable incomes and an increasing social acceptance of alcohol, profitability has been a problem. Taxes on alcohol, on an average, account for about 16 per cent of the overall tax revenues of state governments. In India, states levy taxes on alcohol, while the Centre levies duties on imports.
States control manufacturing, distribution and pricing of liquor. Moreover, the liquor segment has been kept out of GST, a big concern in terms of margins, said analysts.
The industry, however, is still hopeful.
"Post GST, alcohol will be the biggest direct source of revenue to a state compared to second largest now. States have been very possessive about this stream of revenue which is best reflected in the fact that they made sure alcohol was not included in GST," said Amrit Kiran Singh, chairman at International Spirits & Wines Association of India that recently met Empowered Committee's chairman to discuss the matter.
12 Авг. 2016