this post was submitted on 27 Jul 2026
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Today I Learned

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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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[–] melsaskca@lemmy.ca 9 points 2 days ago (1 children)

Are habits changing? My guess is that, over time, people are being squeezed for more and more of their cash as things get too expensive. Habits aren't changing, industries are pricing themselves out of customers. This is bigger than just alcohol sales.

[–] Taleya@aussie.zone 8 points 1 day ago* (last edited 1 day ago) (1 children)

Gen z aren't big drinkers. Hell, even Millenials drink less than Z or boomers. We got therapy now instead of social alcoholism

[–] Jax@sh.itjust.works 7 points 1 day ago

We got therapy and crushing isolation now instead of social alcoholism

FTFY

[–] jaykrown@lemmy.world 15 points 2 days ago

Good, alcohol is a terrible drug.

[–] wonderingwanderer@sopuli.xyz 25 points 2 days ago

Well that's what happens when you socially engineer an alcoholism epidemic to boost sales in the near-term, but then people grow up and realize they need to quit drinking or else they'll continue destroying their lives on repeat like it's groundhog day or something

[–] drosophila@lemmy.blahaj.zone 79 points 3 days ago (2 children)

They didn't "lose money", they made less money than they thought they were going to make, or hypothetically could have made if we were living in some imaginary situation instead of actual reality.

If I go to my fridge and find out that there isn't as much ketchup in there as I thought there was I don't write an article whining about all the ketchup I've "lost".

Dude some of them legit lost. I love near wine country. The ones that adapted did well, the ones that didn't, fuck em. The bigger hit was Krasnov's trade war

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[–] SocialMediaRefugee@lemmy.world 11 points 2 days ago (2 children)

I'd rather see the gambling industry take a massive hit.

I bet it won't.

[–] auzy1@lemmy.world 10 points 2 days ago (1 children)
[–] FatVegan@leminal.space 1 points 1 day ago

They have to go hand in hand at least a little bit i assume

[–] johnny_deadeyes@piefed.social 45 points 3 days ago (11 children)

I wonder if this industry is responsible for the surge in anti-cannabis content I'm seeing pushed in my social feeds of late.

[–] CADmonkey@lemmy.world 18 points 2 days ago

A long time ago I saw a website that had a sort of humorous dictionary on it. The entry for DEA always stuck with me:

D.E.A. - Distiller's Enforcent Apparatus. An army of masked thugs licensed to rob, defame, kidnap or kill those suspected of preferring other drugs over alcohol.

[–] gnate@lemmy.world 15 points 2 days ago

They're also responsible for anti-cannabis legislation.

[–] JackbyDev@programming.dev 8 points 2 days ago

Almost certainly. They don't want people to be able to have a fun buzz with out consequences the next day legally.

[–] faintwhenfree@lemmus.org 13 points 2 days ago (10 children)

Two things can be harmful to health at the same time. Both cannabis and alcohol have negative effects to your health.

[–] datavoid@sh.itjust.works 6 points 2 days ago

Square!

(Ok fine you're right)

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[–] quick_snail@feddit.nl 6 points 2 days ago

Weird. Why don't you block ads like everyone else?

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[–] BigMacHole@thelemmy.club 160 points 3 days ago (4 children)

MILLENNIALS destroying ANOTHER thing! WHY don't they just SPEND the Money we DONT give them on these BAD things that will Make them Feel like CRAP while making US Richer?

-Billionaires!

[–] roguetrick@lemmy.world 73 points 3 days ago* (last edited 3 days ago) (5 children)

Oh no, it's definitely the zoomers for this one. Millennials were big on cocktails.

[–] IrateAnteater@sh.itjust.works 59 points 3 days ago (4 children)

Millenials were also big on the whole craft beer thing (at least in North America, not sure how that trend played out in the rest of the world).

[–] lime@feddit.nu 28 points 3 days ago (2 children)
[–] IrateAnteater@sh.itjust.works 19 points 3 days ago (9 children)

In the case of the craft beer market, it's not nearly as overhyped as it once was.

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[–] mrgoosmoos@lemmy.ca 3 points 2 days ago

a lot of younger millenials that I know are consciously drinking less. a higher number than expected are outright sober (whether due to previous addiction or just because why not)

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[–] thejml@sh.itjust.works 84 points 3 days ago (3 children)

Most of the people I know are cutting back not because of health or habits, just because everything is so crazy expensive now. I feel like booze has been almost completely priced out of its target demographic.

[–] Leviathan@fedinsfw.app 16 points 3 days ago (2 children)

I remember my dad saying when he started going to bars with his friends they would have beers because they were half the price of cocktails that were 3 bucks. Now a beer is ten bucks with a tip. Who the fuck wants to pay that?

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[–] dogslayeggs@lemmy.world 21 points 3 days ago (4 children)

Yeah, while I'm happy that this is making my favorite stuff cheaper, it's still very expensive. Blanton's was selling for $120/bottle just last year if you could even find it in my area, but I can find it in a regular grocery store for $80 now. EH Taylor went from $100/bottle and hard to find to $60 and all over the place. That's WAY more affordable but also still really damn expensive compared to Buffalo Trace (all three of these brands are from the same parent company and from roughly the same recipe and source ingredients).

Scotch is slightly cheaper now, too. Dalmore 15 was selling for $120 last year and is around $100 now. Two years ago, Dalmore King Alexander was $340 but can be found in the grocery store for $280 now.

What I haven't seen yet is a drop in price of Burgundy. I can't afford to pay $300/bottle for a Nuits-Saint-George Gran Cru.

Even looking away from luxury booze brands, the cost of cocktails is also very high. I have to pay $21 for a cocktail at a moderately priced restaurant in my area.

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[–] BeatTakeshi@lemmy.world 29 points 3 days ago (2 children)

Someone needs to bail out Czech republic

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[–] IWW4@lemmy.zip 49 points 3 days ago (7 children)

The legalization of Marujuana, edibles and young people collectively don’t go to bars anymore, I wonder if the amount of drunk driving has declined.

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[–] Hueristic_Autistic@lemmy.world 6 points 2 days ago* (last edited 2 days ago) (2 children)

Alcohol always finds a reason and you don't want it, it wants you. Oh it's christmas have some wine, a toast at new year's no big deal, oh look new years day keep drinking to avoid the hangover. MLK!!!! and takes two shots, Valentine's Day you're on a dinner date with wine or a mixed drink or drowning alone, easter ham you might want a drink cause it's too salty, Saint Patrick's Day, Cinco Di Mayo and Mari Gras literally known for getting tanked, forth of July people are urged not to leave their houses at night same as new years eve for drunk drivers..... what else..... Halloween gotta party right? Then Turkey Day/Colonizer Day /Guilty White Person day-aka Thanksgiving and people chug the wine and argue or just get drunk and pass out right after dinner.

Then Christmas shows up and the fuckin ' cycle starts all over.

Same with mother fucking chocolate.

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[–] LillyPip@lemmy.ca 34 points 3 days ago* (last edited 3 days ago) (8 children)

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

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[–] hardcoreufo@lemmy.world 18 points 3 days ago (6 children)

When I hit my late 20s (a decade ago...) I pretty much just upped and stopped drinking. No problem, no real reason just didn't enjoy it anymore. Now I maybe go through a six pack or two a year mostly when doing yard work, or will have a beer socially once a month or every other month. Its just too expensive and I got better shit to do.

[–] chiliedogg@lemmy.world 3 points 2 days ago

When I was 22, I could get blackout drunk and be fully functional by noon the next day. The hangover was almost like a handy alarm clock.

Now if I get drunk I feel like shit for like 3 days.

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[–] spaghettiwestern@sh.itjust.works 17 points 3 days ago (2 children)

I'm sure the fact the Canadians have stopped buying American products costing producers $500+ million per year hasn't been so good for them either.

[–] village604@adultswim.fan 13 points 3 days ago (8 children)

It's unrelated since this is about global attitude changes towards alcohol. US brands weren't the only ones impacted.

The younger generations just aren't drinking as much as previous ones.

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[–] Manjushri@piefed.social 16 points 3 days ago (2 children)

Dear gods! I started working on losing weight last year and all but quit drinking. Are you telling me I tanked the industry?!

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[–] LodeMike@lemmy.today 13 points 3 days ago

Millennials are killing the carcinogen industry!

[–] SCmSTR@lemmy.blahaj.zone 11 points 3 days ago

Obligatory:

[–] K1nsey6@lemmy.world 15 points 3 days ago (12 children)

Are you just copying random posts from TiL on Reddit?

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