The recession that has gripped much of the world over the last year has caused consumers to seek out entertainment that provides the best value for money.

Despite the fact that many Americans have cut back discretionary spending, sales of 3 liter (3L) premium wine casks – better known to some as “boxed wine” – showed double digit growth in the fourth quarter of 2008, according to a new Nielsen study.
With a growth rate of 32 percent in the last 13 weeks of 2008, premium wine casks outpaced all other wine categories, and there remains room for significant growth going forward.
On a full year basis, premium wine casks grew 31 percent, compared to 4.4 growth for table …

Despite a fragile economy, consumers will continue to see alcoholic beverages as an affordable indulgence according to Richard Hurst, senior vice president, Beverage Alcohol, The Nielsen Company. “Historical, as well as more recent consumer trends, indicate that alcoholic beverages are much more recession-resistant than many other product categories,” Hurst notes.
In its alcoholic beverage trends outlook for the 2008 holiday season, Nielsen notes a number of factors impacting consumer choices.

Nielsen is forecasting sales of more than $98 billion for the November-December 2008 holiday retail season.  But amid worsening economic conditions, U.S. consumers are likely to be more cautious than ever with their spending. 
A recent Nielsen survey of 21,000 U.S. households found that 35% plan to spend less this year than they did in 2007.  Just 6% will spend more this year, while 50% say they’ll maintain the same level of spending from 2007.
Lower-income households reported large reductions in their holiday spending — but so did high income households.  In all, 37% …

Global consumption of alcoholic beverages grew by 6% from 2006 to 2007, according to a report released Tuesday by Nielsen. 
While growth rates varied significantly by region and within different alcoholic beverage categories, the results show that alcoholic ciders (+14%) and vodkas (+11%) showed the highest growth rates. 
“We are seeing a trend in certain markets, such as Russia and Poland, toward higher consumption of premium brands as consumers in those countries increase their spending power,” Richard Hurst, senior vice president, Beverage Alcohol, Nielsen, noted.  “Many emerging regions are becoming increasingly attractive …