Beverages Account For 50% Of Irish Exports To US
Business World
Written by Robert McHugh
Jun 22, 2017
Posted in Agriculture
The Minister for Agriculture Food and the Marine, Michael Creed T.D. and Bord Bia CEO, Tara McCarthy this week marked the success of Irish beverage exports to the US, which grew to over €500 million last year, at a trade showcase in Chicago.
As part of a week-long trade mission to the US and Mexico, the event involved 25 Irish drinks exporters engaging with Binny’s Beverage Depot, the largest drinks retailer in the Mid-West and other on trade customers from the region.
Bord Bia used the opportunity to inform US trade and retail customers how Ireland`s investment in consumer insight, routes to market and the Origin Green sustainability programme can deliver benefits for their business.
The USA is the most important market for Irish alcohol beverages amounting to €514 million or over half of Ireland’s total food and beverage exports. It is the destination for almost 45% of Irish whiskey, the fastest growing spirits brand globally with exports of 3.7m cases. The 2016 figure represents an increase of 8.5% on the previous year and an increase of 47% over the last 5 years.
Bord Bia CEO, Tara McCarthy said their consumer and market insight highlighted the US as a priority destination for Irish drinks given its size and appetite for new flavours. She said the breadth and depth of the Irish product range in Binny’s Beverage Depot was proof of how far the industry had come in such a relatively short time period.
Speaking this week, McCarthy said, “We have invested over 1,000 hours in research over the last three years to appreciate the evolving US consumer tastes. Bord Bia’s research identified three key areas of focus for Irish whiskey to ensure success namely native personality, maturity and flavour complexity. We have worked with over 20 Irish companies in the past three years to meet these demands through consumer insight and branding as well as market research and trade shows. Bord Bia has also partnered with these companies to get `feet on the street` in the US market through our talent development programmes.”
She added, “Bord Bia will continue to target key buyers with the aim of bringing 10 to our Marketplace trade event in 2018 to meet with Irish suppliers and provide them with guided itineraries to ensure that they feel the full impact of our sustainable production system.”
Source: www.businessworld.ie