Category and country outlooks

Wednesday, 13 May 2026
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2 of 10 outlooks

  • 🇮🇹
    Q2 2026
    Outlook

    Beer in Italy: Q2 2026 Outlook

    Heineken's Q1 2026 trading update shows the global premium and no/low-alcohol trend is firmly in motion, with net revenue up 2.8% and the Heineken brand growing volume 6.9% across its markets. Italy sits within the European geography where Heineken reported volume growth alongside France, Spain, and the UK. The structural read for Italy in Q2 2026: the premium tier is expanding, no/low-alcohol is growing double digits globally, and mainstream lager faces continued pressure from private label and value alternatives. No Italy-specific beer market size or share figures are available in current sourced signals; KPIs and brand shares are therefore directional, drawn from global and European-level reporting. Commercial leaders in Italy should watch how Heineken's global premium push lands in-market, and whether the regulatory scrutiny that just hit Italian snack private label suppliers signals broader enforcement appetite across categories.

    Italy · Q2 2026
  • 🇮🇹
    Q2 2026
    Outlook

    Soft Drinks in Italy: Q2 2026 Outlook

    Italian soft drinks enter Q2 2026 against a backdrop of fragile consumer confidence and heightened regulatory attention across the broader FMCG space. The country's antitrust authority has moved aggressively in adjacent categories, fining three snack suppliers a combined €23.3 million for coordinating private label supply deals rather than competing for them. That enforcement climate is relevant for soft drinks operators working with retailer own-brand programs. Regionally, the European CPG picture is shifting away from price-led growth toward volume and mix recovery, a trend flagged in the German soft drinks market and applicable here. Italian operators that can defend mainstream price points while managing mix will be better placed than those still leaning on residual pricing momentum from the inflation cycle.

    Italy · Q2 2026