Ep 24: The Truth About No and Low Drinks and Why Moderation Is Winning

Are people leaving alcohol behind, or are they simply drinking less and less often?

In this episode of A Question of Drinks, Felicity Carter and Lulie Halstead dig into the data behind moderation. Drawing on IWSR, Gallup, Barclays, WHO and FT reporting, they unpack three forces reshaping consumption:

First, health and identity. Moderation is normalising. Abstinence peaks are flattening. Smartwatches, sleep data and calorie awareness are influencing behaviour — but not driving mass teetotalism.

Second, economics. Younger consumers are not morally superior — they are financially constrained. Alcohol remains a discretionary spend. Fewer nights out and tighter wallets are doing much of the heavy lifting behind declining volumes.

Third, chemistry. GLP-1 drugs such as Ozempic may suppress desire itself, potentially altering drinking behaviour at a biological level. Cannabis, by contrast, appears largely additive rather than a substitute.

The conclusion? People have not stopped drinking. They are recalibrating.

Meet Your Hosts:

Lulie Halstead founded and led international consumer research and strategy consultancy Wine Intelligence, and led it to a successful PE exit. Today she is a renowned global beverage alcohol and wine sector specialist, focused on consumer behaviour, strategy, retail and hospitality. An accomplished keynote speaker, she has spoken at more than 70 international events over the past 20 years.

Felicity Carter is an award-winning wine and drinks journalist, editor and content strategist. She led Meininger’s Wine Business International to become the world’s most must-read wine trade magazine, and was founding Executive Editor of The Drop/Pix, which the Wall Street Journal named one of the most trusted sources of wine information. A regular keynote speaker, she was named a 2024 Industry Leader by WineBusiness Monthly. Her Drinks Insider podcast won the 67 Pall Mall Global Wine Communicator Award for Audio.