NielsenIQ (NIQ) powered by CGA strengthens On Premise Measurement (OPM) and share tracking services for Beverage Alcohol brands

경제뉴스
2024-07-31 09:55 AM
(이코노미아울렛-뉴스)

NIQ powered by CGA is expanding its On Premise Measurement (OPM) globally. On Premise accounts for 61% of global beverage alcohol value sales, making it vital for brand owners to continue to invest in the channel. On Premise provides an important platform for building brand equity and long-term consumer loyalty. This, in part, is demonstrated by the fact that beverage alcohol brands have overall been less impacted by the threat of private label than other FMCG categories. The volume of private labels in Off Premise accounts for less than 10% of total sales, (a figure far lower than the equivalent for other FMCG categories).

Innovative serve strategies and activations which connect with consumers and ensure elevated quality will be key to maintaining a positive perception of value among consumers, as well as building long term success for Beverage Alcohol brands and On Premise alike.

Key Highlights of the NIQ On Premise Study powered by CGA includes:

· 83% of global LDA* consumers have visited On Premise in the last 3 months, with 62% visiting weekly
· Visitation has remained stable globally, despite most consumers feeling financially worse off than they were last year.
· On Premise plays a vital role in facilitating connections with friends and loved ones, with 3 of the fastest growing reasons for visit being - Connecting with family and friends, to celebrate and to have fun.
· On Premise accounts for 61% of global beverage alcohol value sales (excluding wine).
· Although visits are stable, global On Premise sales of beer, malt beverages and cider volume sales have fallen by 4.0% in the last 12 months. Spirits have fallen by 7.6%.
· Gen Z and younger Millennials (to age 34) are most likely to increase their visits to On Premise over the next 3 months with a net increase of 27pp vs 14pp for all On Premise visitors.

*LDA - Legal Drinking Age

The OPM solution supports businesses’ strategies to grow sales against a backdrop of changing On Premise preferences, including a moderation in alcohol intake. Alongside OPM, NIQ conducted a study of 30,000 On Premise consumers across 38 markets to reveal that even though consumer visits to the On Premise remain high, consumers’ relationship with alcohol is mixed, with more than a third (37%) of consumers now drinking less alcohol than they were 12 months ago. Generation X and infrequent visitors to the On Premise are most likely to be cutting their alcohol intake.

NIQ’s On Premise Measurement (OPM) service drills deep into data to spotlight the impact of these consumer trends on category performance. Global beer, malt beverages and cider sales by volume have fallen by 4.0% in the last 12 months, and higher prices have led to a 0.4% increase by value. By contrast, spirits have lost 7.6% and 3.4% by volume and value respectively. There have been particularly sharp drops in brandy, rum, and gin sales in key markets, while others including tequila and vodka have performed better.

Phil Tate, Managing Director for Global Clients at NIQ said: “Our research shows how the role of the On Premise is evolving rapidly around the world. Alcohol consumption may be falling, but bars, pubs and restaurants are still pivotal to consumers lives. While moderation is clearly impacting Beverage Alcohol performance, people’s shifting drinks preferences are opening new opportunities in other categories. On Premise remains a vital channel for growing brand equity, and association with memorable moments here is a powerful way to secure trial and loyalty. With some consumer cost pressures easing and younger adults particularly engaged, there is significant headroom for growth in the months and years ahead.”

Despite volume declines, there is reason to be optimistic as people remain eager to go out and are set to increase their spending in the second half of 2024. On Premise plays a significant role in consumers lives as a destination for bringing together loved ones and enables brands to create meaningful connections with consumers to build brand loyalty.

A quarter (26%) of global consumers surveyed by NIQ say they will raise the frequency of their visits to On Premise over the next three months—more than double the number (12%) who plan to go out less often. Gen Z are significantly more likely to increase their visits.

About OPM

NIQ’s OPM service measures brand and category sales performance in On Premise across multiple territories. OPM enables brand owners to uncover growth driving market trends, evaluate brand performance and track share, as well as identify headroom opportunities and assess competition.

OPM is powered by On Premise experts CGA, which was acquired by NIQ in 2022. OPM has been refined by CGA over many years in the UK and US, delivering in-depth analysis of sales, distribution and pricing by region and channel that help brands to win in multiple markets. It has now been expanded to key countries including Australia, Canada, Germany and France, with South Korea to follow soon.

For more information about NIQ powered by CGA’s OPM service and other solutions in international markets, click here.

About NIQ:

NielsenIQ (NIQ) is the world’s leading consumer intelligence company, delivering the most complete understanding of consumer buying behavior and revealing new pathways to growth. NIQ combined with GfK in 2023, bringing together the two industry leaders with unparalleled global reach. Today NIQ has operations in more than 95 countries covering 97% of GDP. With a holistic retail read and the most comprehensive consumer insights—delivered with advanced analytics through state-of-the-art platforms—NIQ delivers the Full View™.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240717934770/en/


함께 보면 좋은 콘텐츠

All posts
경제뉴스 2024-06-27 15:10 PM

제주도, 사회적경제기업 사회성과 측정 및 보상사업에 관한 조례 제정

(이코노미아울렛-뉴스)2024년 6월 26일 제주특별자치도의회에서 ‘제주특별자치도 사회적경제기업 사회성과 측정 및 보상사업에 관한 조례안’이 제428회 정례회 본회의에서 통과됐다. 이 조례는 지난해 제주특별자치도와 SK수펙스추구협의회 SV위원회가 맺은 협력사업을 법제화로 연결한 결과이다. ...

경제뉴스 2024-07-02 11:00 AM

산업부-KOTRA, 2024 세계일류상품·생산기업 모집

(이코노미아울렛-뉴스)산업통상자원부(장관 안덕근, 이하 산업부)와 KOTRA (사장 유정열)는 국내 우수한 상품의 세계시장 점유율을 확대하고, 국내기업이 글로벌 브랜드로 성장할 수 있도록 지원하는 2024년도 세계일류상품 신규 모집을 시작한다. 세계일류상품 육성사업은 2001년 시작한 이래, 국내 ...

경제뉴스 2024-08-15 11:39 AM

NIPA·KAIT, AI반도체 기술인재 선발대회 개최

(이코노미아울렛-뉴스)정보통신산업진흥원(이하 NIPA)과 한국정보통신진흥협회(이하 KAIT)는 국내 최초로 AI반도체 인재를 발굴하고 채용해 기술 선도 국가로서 입지를 다지기 위한 ‘제1회 AI반도체 기술인재 선발대회’를 개최한다. ...

경제뉴스 2024-07-01 08:00 AM

대학내일20대연구소, 2024 취업 준비 행태를 담은 조사 결과 발표

(이코노미아울렛-뉴스)대학내일20대연구소가 2024년 현재의 취업 준비 행태를 담은 ‘[데이터] 취업 기획조사 2024’를 발표했다. 1년간 입사 지원한 기업의 수와 면접 횟수 그래프 ...

경제뉴스 2024-06-28 15:17 PM

신한금융그룹, 19년간 ESG 보고서 발간

(이코노미아울렛-뉴스)신한금융그룹(회장 진옥동)은 2005년부터 국내 금융사 최초로 ESG 보고서를 발간한 이래 올해 19번째를 맞아 그룹의 주요 ESG 활동과 관련 데이터를 담은 ‘2023 ESG 보고서’를 발간했다고 28일 밝혔다. ‘2023 ESG 보고서’는 지난해 신한금융이 추진한 ESG 활동에 대한 상세 내역을 ...

경제뉴스 2024-07-12 13:45 PM

Andersen Global Reinforces Its African Platform with Addition of Valuation Capabilities in Nigeria and South Africa

(이코노미아울렛-뉴스)Andersen Global has added valuation capabilities in Africa and strengthened its overall regional coverage through the addition of two new collaborating firms - Nelson Thorpe Alonge in Nigeria, and Valeo Capital in South Africa. These additions mark Andersen’s first valuation service offerings in Africa, adding to the firm’s global valuation service offerings in No...

경제뉴스 2024-08-27 09:00 AM

‘전환의 시대, 청년고용과 노동시장 그리고 자격제도’ 정책포럼 개최

(이코노미아울렛-뉴스)한국직업능력연구원(원장 고혜원)은 8월 27일(화) ‘전환의 시대, 청년고용과 노동시장 그리고 자격제도’를 주제로 제88차 인재개발(HRD) 정책포럼을 개최한다. 제88차 인재개발(HRD) 정책포럼 포스터 ...

경제뉴스 2024-08-23 14:55 PM

올리버 라지크, APAC 지역에서 차지백스911의 고성장을 이끌기 위해 이사회에 합류

(이코노미아울렛-뉴스)선도적인 차지백 기술 플랫폼인 차지백스911(Chargebacks911)이 22일(현지 시간) 결제 산업 기업가 올리버 라지크(Oliver Rajic)를 이사회에 임명했다고 발표했다. 라지크는 새로운 역할에서 차지백스911과 최고경영자 모니카 이튼(Monica Eaton)의 핵심 고문 역할을 수행하며, 분쟁 관리에 ...

경제뉴스 2024-07-31 17:50 PM

일본 EC 업체 아이오더, 한국 화장품 기업 대상 ‘밀푀유 전략’ 일본 진출 성공 웨비나 개최

(이코노미아울렛-뉴스)일본의 e커머스(EC) 전문업체 아이오더(대표 요시카와 마코토)가 한국 화장품/뷰티 기업을 대상으로 일본시장 판매 확대 전략에 관한 온라인 세미나(웨비나)를 오는 8월 7일(수) 온라인으로 개최한다. 일본 E...

경제뉴스 2024-08-06 14:00 PM

커리어넷, 한국관광공사·한국체육산업개발·한국보건산업진흥원·한국뉴욕주립대학교·대구사이버대학교 채용 소식 발표

(이코노미아울렛-뉴스)취업 포털 커리어가 한국관광공사와 한국체육산업개발, 한국보건산업진흥원, 한국뉴욕주립대학교, 대구사이버대학교 등의 채용 소식을 발표했다. 커리어넷이 발표한 채용 공고 ...

경제뉴스 2024-07-01 11:03 AM

기아, 2024년 지속가능경영 보고서 ‘MOVE’ 발간

(이코노미아울렛-뉴스)기아가 지난 한 해 동안의 다양한 지속가능경영 성과와 ESG 관련 정보를 담은 2024년 지속가능경영 보고서 ‘MOVE’를 발간했다. 기아, 2024년 지속가능경영 보고서 ‘MOVE’ 발간 ...

경제뉴스 2024-08-07 10:00 AM

B2C부터 B2B까지, 아세안 F&B의 모든 것을 2024 아세안 무역전시회에서 만나보세요

(이코노미아울렛-뉴스)한-아세안센터(사무총장 김재신)는 8월 8일(목)부터 11일(일)까지 코엑스 더 플라츠에서 ‘2024 아세안 무역전시회’를 개최한다. 2024 아세안 무역 전시회(ASEAN Trade Fair 2024) 홍보 영상 ...

Top