The news: Online grocer Thrive Market will no longer sell alcohol on its marketplace in response to shifting consumption habits, the company told CNBC. Instead, it plans to “double down” on zero-proof drinks with a selection of over 20 brands and 100 products, CEO Nick Green said.
The rationale: Thrive Market likened the slide in alcohol consumption to the “paradigm shift” that led to smoking’s decline in the US.
Our take: Going all in on the sober-curious movement is a savvy move for Thrive Market, given its focus on organic and healthier products. Demand for nonalcoholic products like alcohol-free beer is soaring, driven by younger consumers as well as the better-for-you movement.
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