Sales Surge Signals Shift in Alcohol Consumption Trends as “Damp January” Emerges

Priya Sharma, Financial Markets Reporter
4 Min Read
⏱️ 3 min read

The start of the New Year typically heralds the “Dry January” movement, but this year, it appears that many are opting for a more moderate approach. Waitrose has designated January 12 as “Damp Monday,” noting an 11% increase in alcohol sales compared to the previous week. This marks a noticeable shift in consumer behaviour, suggesting that the traditional all-or-nothing mentality surrounding alcohol consumption is being replaced by a more balanced view.

A Change in Consumer Attitudes

Over the past five years, Waitrose has observed a significant easing of the Dry January trend. While alcohol sales in January 2022 plummeted by 42% compared to other months, this year saw that decline shrink to just 25%. The supermarket’s findings indicate that a growing number of individuals are opting for moderation rather than complete abstinence.

Interestingly, the surge in alcohol sales isn’t uniform; certain categories are witnessing remarkable growth. Sales of Argentinian wines surged by 25%, while Chilean wines saw an increase of 27% compared to the previous year. This trend reflects a broader consumer movement towards enjoying quality beverages without the pressure to give them up entirely.

The Rise of “Damp January”

Pierpaolo Petrassi, head of beers, wines, and spirits at Waitrose, confirmed that the concept of “Damp January” is gaining traction. “Damp is the new dry,” he stated, highlighting how customers are shifting from extreme abstinence to a more mindful approach that allows for moderate consumption. This reflects a broader cultural change where consumers are prioritising flavour and social experiences over simply seeking a buzz.

The evolving landscape of alcohol consumption has also been influenced by the “sober curious” movement, which gained momentum during the pandemic. As consumers emerge from lockdowns, there has been a notable increase in interest in both alcoholic and non-alcoholic options. The data reveals that searches for “Argentinian wine,” “red wine,” and “Chilean wine” on Waitrose.com have soared, with increases of 300%, 63%, and 18% respectively compared to last year.

This year’s shift towards a “lifestyle” approach to drinking is a clear indication that consumers are seeking balance. The notion of a “Damp January” reflects a desire for moderation that many are embracing as part of their year-round habits. According to recent statistics, while 58% of the UK public expressed a wish to reduce their alcohol intake, around 31% have actively chosen to engage in a “damp” approach, opting to cut back rather than abstain completely.

As the market adapts, businesses are likely to respond by diversifying their offerings to cater to this new consumer mindset. With a growing emphasis on quality and the social aspects of drinking, the landscape of alcohol consumption is undergoing a transformation.

Why it Matters

The emergence of “Damp January” underscores a significant shift in societal attitudes towards alcohol consumption. As consumers increasingly favour moderation over abstinence, businesses must adapt to meet changing demands. This evolution is not just a trend but a reflection of a broader cultural movement prioritising mindful drinking, which could reshape the market landscape for years to come. Understanding these dynamics is essential for stakeholders in the beverage industry, as they navigate the complexities of consumer preferences in a post-pandemic world.

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Priya Sharma is a financial markets reporter covering equities, bonds, currencies, and commodities. With a CFA qualification and five years of experience at the Financial Times, she translates complex market movements into accessible analysis for general readers. She is particularly known for her coverage of retail investing and market volatility.
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