Market Research Report
LATIN AMERICA ALCOHOLIC SPIRITS MARKET FORECAST 2018-2026
|Published by||Inkwood Research||Product code||508255|
|Published||Content info||67 Pages
Delivery time: 1-2 business days
|LATIN AMERICA ALCOHOLIC SPIRITS MARKET FORECAST 2018-2026|
|Published: June 11, 2018||Content info: 67 Pages||
The Latin America alcoholic spirits market is anticipated to witness a CAGR rise of 4.13% over the forecast period of 2018-2026. The emergence of online retailing and growing demand for premium vodka & whisky are expected to drive this market's growth over the projected period.
Mexico and Brazil are major markets in this region. On-trade sales are increasing at a higher rate than off-trade sales. The growing young population consumer base and their increasing preference for alcoholic drinks like whisky, gin and blended scotch are driving the market growth in this region. Also, many consumers are loyal to certain spirits like rum and tequila, as well as to the locally produced Mezcal. The Latin America alcoholic drink's market segmentation is mainly done on the basis of distribution channels. Supermarkets & hypermarkets along with liquor specialist stores are key distribution channels in this region.
Major players engaged in the alcoholic spirits market are Diageo Plc, Constellation Brands Inc, Remy Cointreau, Pernod Ricard, Gruppo Campari, Bacardi Limited, Brown-Forman, Radico Khaitan, Amvyx SA, Hite Jinro Co Ltd Miguel Torres SA, and Stock Spirits Group.