Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Gin and tonic surpasses tea as Britain’s favourite drink amid shifting consumer preferences

by November 19, 2024
November 19, 2024
Gin and tonic surpasses tea as Britain’s favourite drink amid shifting consumer preferences

Gin and tonic has overtaken tea as the nation’s favourite drink, marking a significant shift in British consumer habits.

A recent survey conducted as part of the sixth annual Bacardi Cocktail Trends Report found that 44% of Britons now opt for a G&T when meeting friends, narrowly surpassing the 41% who prefer a traditional cup of tea. The remaining 15% were undecided between the two quintessentially British beverages.

The UK’s gin market continues to flourish, reinforcing its position as the world’s largest. Last year, gin sales reached £750 million, reflecting a sustained enthusiasm for the spirit that dates back to the 17th century. This contrasts sharply with the declining tea market, where sales of everyday black tea brands like PG Tips and Yorkshire Tea fell by 6% in 2022 to £341 million. Research firm Mintel forecasts an additional 8% decline between 2023 and 2028.

The changing tide in beverage preferences is further evidenced by the struggles of Britain’s oldest tea brand, Typhoo Tea, which recently entered administration due to over £70 million in debt and waning demand. Meanwhile, the rise of “cocktail culture” is gaining momentum, especially among younger consumers. Nearly half of Gen Z respondents—those aged 18 to 29—expressed a preference for celebrating special occasions with a cocktail instead of Champagne. Additionally, 35% are more likely to choose a cocktail over beer, and 29% over wine compared to last year.

Davide Zanardo of Bacardi UK & Ireland noted: “The G&T tops our poll for 2025, so perhaps it’s not surprising it’s now rivalling the cup of tea as the country’s national drink.”

This shift presents both challenges and opportunities for businesses in the beverage industry. While traditional tea brands face declining sales, the spirits sector is poised for growth as consumer tastes evolve. The preference for gin and tonic, along with other cocktails like piña coladas and mojitos, signals a changing landscape that companies will need to navigate carefully

Read more:
Gin and tonic surpasses tea as Britain’s favourite drink amid shifting consumer preferences

0
FacebookTwitterGoogle +Pinterest
previous post
House Republicans eye FEMA fund overhaul ahead of high-stakes hearing on Helene recovery
next post
Retailers warn of inevitable job losses amid £7bn budget hit

You may also like

Rise of serviced offices aimed at hybrid working...

March 8, 2023

Investors demand clarity from government on net zero

August 29, 2023

Adrian Chiles Faces £1.7m Tax Bill After Losing...

June 11, 2024

Farmers warn food prices could rise as floods...

January 14, 2024

Digital assets and wills: what happens to your...

April 11, 2025

UK Inflation soars to higher than expected 10.1%

October 19, 2022

Becoming king of the media jungle means starting...

July 29, 2022

Retail prices fall for the first time in...

August 27, 2024

UK economy posts strongest growth in a year,...

May 15, 2025

P&O Ferries won’t face criminal action over mass...

August 22, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Young Americans Like Socialism Too Much—That’s a Problem Libertarians Must Fix

      May 15, 2025
    • Dems divided on Trump’s executive order aimed at slashing drug prices

      May 15, 2025
    • Supreme Court Chief Justice Roberts reins in Sotomayor after repeated interruptions

      May 15, 2025
    • Trump makes historic UAE visit as first US president in nearly 20 years

      May 15, 2025
    • How Automated Packaging is Revolutionizing Supply Chains

      May 15, 2025
    • Business Settings that Need Rolling Shutters

      May 15, 2025

    Categories

    • Business (7,968)
    • Investing (1,961)
    • Politics (15,232)
    • Stocks (3,084)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved