Integrated Annual Report FY24

Chapter 3: The unique world of our brands

Beefeater

With the no-alcohol category experiencing dynamic growth, Beefeater introduced its very first zero-alcohol expression of its legendary London Dry Gin in 2023.

Beefeater 0.0% captures the energy of this timeless London classic and maintains the brand’s citrus and juniper-forward profile to create a perfectly balanced and refreshing drinking experience. Crafted for those who choose not to drink but still want to be part of the occasion, the botanical profile of Beefeater 0.0% is achieved by using exclusively natural flavours, retaining the Beefeater gin experience and attitude consumers have come to know and love.

The product launch comes at a moment where the no-alcohol category is growing rapidly, with volumes increasing by +28%(1) - a trend set to continue in the long term (+14% CAGR 23-28(1)). Gin is the biggest non-alcohol spirit alternative accounting for 22%(1) of the global share in the no-alcohol category. Within no-alcohol, it is the brands with an established alcohol offering that lead this space, contributing 65% of the net sales(1) surpassing the “new to the world and pure players”, demonstrating the huge opportunity for a brand with the global reach and reputation of Beefeater.

Innovation continues to be a significant driver of growth for Beefeater Gin, which has grown its value market share in premium gin for the third consecutive year(1). Following a successful launch in Spain, Beefeater 0.0% is rolling-out to markets worldwide, where it will bring all the Beefeater gin experience - with zero alcohol - to its global audience, enabling them to make the most of every day.

Over the last few years, we have seen the trend toward more mindful consumption increasing, changing the way in which consumers drink or socialise with others. We truly believe in conviviality, whether you choose to drink alcohol or not, and we are proud to be bringing the no-alcohol category an elevated option, removing the need to compromise or miss out on the occasion.”

MURIELLE DESSENIS,GLOBAL VP MARKETING GINS AT THE ABSOLUT GROUP

Gin brands driving
40%of growth in no-alcohol category (1)