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.

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[–] 34 points 3 months ago* (8 children)

Canada’s boycott of big US manufacturers has helped as well.

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  • [–] 16 points 3 months ago (5 children)

    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.

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  • [–] 5 points 3 months ago (4 children)

    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.

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  • [–] 7 points 3 months ago* (3 children)

    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!

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  • [–] 1 point 3 months ago

    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".

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  • [–] 8 points 3 months ago (1 child)

    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.

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