Market Research Report
Latin America Alcoholic Ready-to-drink (RTD)/high Strength Premixes Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||519820|
|Published||Content info||67 Pages
Delivery time: 1-2 business days
|Latin America Alcoholic Ready-to-drink (RTD)/high Strength Premixes Market Forecast 2019-2027|
|Published: January 14, 2019||Content info: 67 Pages||
The Latin America alcoholic ready-to-drink (RTDS)/high strength premixes market is anticipated to grow at 9.36% CAGR during the forecast period of 2019-2027. The key countries in the region such as Brazil and Mexico are majorly contributing to the growth of the market throughout the estimated period.
The market is majorly expanding because of high demand from the youth, innovative marketing strategies implemented by the vendors and increased online-retailing for alcoholic ready-to-drink (RTDs)/high premixes products. The online distribution channel is expected to flourish in the coming years as compared to the store-based retailing due to convenient delivery and a wider product selection for the consumers. Also, by the product type, the wine-based RTDs and the spirit-based RTDs are expected to gain more popularity during the forecasted years.
The top competitors operating in the market are Distell Group Limited, Bacardi Limited, Suntory Spirits Ltd., Global Brands Ltd, The Boston Beer Company, Inc., Brown-Forman Corp., Diageo Plc., Halewood International Ltd., Anheuser Busch InBev and Radico Khaitan.