LATIN AMERICA ALCOHOLIC SPIRITS MARKET FORECAST 2020-2028

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LATIN AMERICA ALCOHOLIC SPIRITS MARKET FORECAST 2020-2028

 The Latin America alcoholic spirits market is evaluated to record a CAGR of 3.85% over the forecast period, 2020-2028. The growing demand for craft spirits and innovative marketing strategies adopted by companies are the prominent factors driving the growth of the market in the region.

LATIN AMERICA ALCOHOLIC SPIRITS MARKET FORECAST 2020-2028

Latin America Alcoholic Spirits Market by Distribution Channels (Supermarkets & Hypermarkets, Liquor Specialist Stores, Grocery Retailers, Online Retailing, Other Distribution Channels) and by Geography.

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The Latin America alcoholic spirits market is evaluated to record a CAGR of 3.85% over the forecast period, 2020-2028. The growing demand for craft spirits and innovative marketing strategies adopted by companies are the prominent factors driving the growth of the market in the region.

The alcoholic spirits market growth of Latin America is further researched on the basis of the markets present in Mexico, Brazil, Argentina, and the rest of Latin America. In Brazil, gin witnessed the fastest growth within spirits in 2018, and the trend is expected to continue over the forecast period. Whiskey, specially blended Scotch whiskey, faces challenges in recovering from the recent economic crisis. In an effort to boost sales, manufacturers in this category carried out aggressive discount promotions. The spirits market in Brazil is quite concentrated. This has, however, not proven a barrier for new entrants with smaller companies finding success in specialized areas not yet covered by leading manufacturers. Multinational companies offering renowned global brands have a strong presence in spirts market. Most multinational companies have invested in recent years in expanding their spirits portfolio to lessen their dependence on a single brand or category. In countries like Mexico, whiskeys are expected to maintain positive growth as companies invest in marketing strategies and product distribution, and entry of new brands is also expected to drive growth. Craft spirits are expected to become relevant as consumers become increasingly curious and knowledgeable. The companies are expected to invest in communication strategies so that the consumers are able to differentiate between artisanal and craft products.

Bacardi Limited, produces and markets a range of spirits and wines. The company operates in Latin America, Europe, North America, Asia Pacific, the Middle East, and Africa.

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  1. RESEARCH SCOPE & METHODOLOGY
    • STUDY OBJECTIVES
    • SCOPE OF STUDY
    • METHODOLOGY
    • ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    • MARKET SIZE & ESTIMATES
    • MARKET OVERVIEW
  3. MARKET DYNAMICS
    • PARENT MARKET ANALYSIS: ALCHOLIC DRINKS MARKET
    • MARKET DEFINITION
    • KEY DRIVERS
      • RISE IN DEMAND CONSUMPTION PREMIUM SPIRITS
      • GROWING DEMAND FROM MILLENNIAL POPULATION
      • INNOVATIVE MARKETING CAMPAIGNS BY VENDORS
    • KEY RESTRAINTS
      • INCREASED PREVALENCE OF COUNTERFEIT & ILLEGAL ALCOHOL
      • CAMPAIGNS AGAINST ALCOHOL CONSUMPTION
      • HIGH TAXATION
  1. KEY ANALYTICS
    • KEY INVESTMENT INSIGHTS
    • PORTER’S FIVE FORCE ANALYSIS
      • BUYER POWER
      • SUPPLIER POWER
      • SUBSTITUTION
      • NEW ENTRANTS
      • INDUSTRY RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
  2. MARKET BY DISTRIBUTION CHANNELS
    • SUPERMARKETS & HYPERMARKETS
    • LIQUOR SPECIALIST STORES
    • GROCERY RETAILERS
    • ONLINE RETAILING
    • OTHER DISTRIBUTION CHANNELS
  3. GEOGRAPHICAL ANALYSIS
    • LATIN AMERICA
      • BRAZIL
        • MARKET SIZE & ESTIMATES
        • COUNTRY ANALYSIS
        • MARKET BY PRODUCTS (BRANDY & COGNAC, LIQUEURS, RUM, TEQUILA, MEZCAL, WHISKIES, WHITE SPIRITS & OTHER SPIRITS)
        • MARKET SHARE ANALYSIS
        • BRAND SHARE ANALYSIS
      • MEXICO
        • MARKET SIZE & ESTIMATES
        • COUNTRY ANALYSIS
        • MARKET BY PRODUCTS (BRANDY & COGNAC, LIQUEURS, RUM, TEQUILA, MEZCAL, WHISKIES, WHITE SPIRITS & OTHER SPIRITS)
        • MARKET SHARE ANALYSIS
        • BRAND SHARE ANALYSIS
      • ARGENTINA
        • MARKET SIZE & ESTIMATES
        • COUNTRY ANALYSIS
        • MARKET BY PRODUCTS (BRANDY & COGNAC, LIQUEURS, RUM, TEQUILA, MEZCAL, WHISKIES, WHITE SPIRITS & OTHER SPIRITS)
        • MARKET SHARE ANALYSIS
        • BRAND SHARE ANALYSIS
      • REST OF LATIN AMERICA
  1. COMPANY PROFILES
    • ANHEUSER-BUSCH INBEV NV/SA (AB INBEV)
    • BACARDI & CO LTD
    • BEAM SUNTORY INC
    • BROWN-FORMAN CORPORATION
    • CONSTELLATION BRANDS INC
    • DAVIDE CAMPARI-MILANO S.P.A.
    • DIAGEO PLC
    • & J. GALLO WINERY
    • HITEJINRO CO LTD
    • PERNOD RICARD SA
    • RADICO KHAITAN LIMITED
    • REMY COINTREAU GROUP
    • SAZERAC COMPANY INC
    • WILLIAM GRANT & SONS LTD

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – ALCOHOLIC SPIRITS

TABLE 2: IMPORTANT FACTORS INFLUENCING ONLINE PURCHASE OF ALCOHOLIC SPIRITS

TABLE 3: LATIN AMERICA ALCOHOLIC SPIRITS MARKET, BY DISTRIBUTION CHANNELS, HISTORICAL YEARS, 2016-2019 (IN $ BILLION)

TABLE 4: LATIN AMERICA ALCOHOLIC SPIRITS MARKET, BY DISTRIBUTION CHANNELS, FORECAST YEARS, 2020-2028 (IN $ BILLION)

TABLE 5: LATIN AMERICA ALCOHOLIC SPIRITS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ BILLION)

TABLE 6: LATIN AMERICA ALCOHOLIC SPIRITS MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ BILLION)

TABLE 7: BRAZIL MARKET SHARE ANALYSIS OF KEY PLAYERS, 2019 & 2028 (IN %)

TABLE 8: BRAZIL BRAND SHARE ANALYSIS, 2019 & 2028 (IN %)

TABLE 9: MEXICO MARKET SHARE ANALYSIS OF KEY PLAYERS, 2019 & 2028 (IN %)

TABLE 10: MEXICO BRAND SHARE ANALYSIS, 2019 & 2028 (IN %)

TABLE 11: ARGENTINA MARKET SHARE ANALYSIS OF KEY PLAYERS, 2019 & 2028 (IN %)

TABLE 12: ARGENTINA BRAND SHARE ANALYSIS, 2019 & 2028 (IN %)

LIST OF FIGURES

FIGURE 1: KEY INVESTMENT INSIGHTS

FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: LATIN AMERICA ALCOHOLIC SPIRITS MARKET, GROWTH POTENTIAL, BY DISTRIBUTION CHANNELS, IN 2019

FIGURE 6: LATIN AMERICA ALCOHOLIC SPIRITS MARKET, BY SUPERMARKETS & HYPERMARKETS, 2020-2028 (IN $ BILLION)

FIGURE 7: LATIN AMERICA ALCOHOLIC SPIRITS MARKET, BY LIQUOR SPECIALIST STORES, 2020-2028 (IN $ BILLION)

FIGURE 8: LATIN AMERICA ALCOHOLIC SPIRITS MARKET, BY GROCERY RETAILERS, 2020-2028 (IN $ BILLION)

FIGURE 9: LATIN AMERICA ALCOHOLIC SPIRITS MARKET, BY ONLINE RETAILING, 2020-2028 (IN $ BILLION)

FIGURE 10: LATIN AMERICA ALCOHOLIC SPIRITS MARKET, BY OTHER DISTRIBUTION CHANNELS, 2020-2028 (IN $ BILLION)

FIGURE 11: LATIN AMERICA ALCOHOLIC SPIRITS MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 12: BRAZIL ALCOHOLIC SPIRITS MARKET, 2020-2028 (IN $ BILLION)

FIGURE 13: BRAZIL ALCOHOLIC SPIRITS MARKET, BY PRODUCT TYPE, 2019 & 2028 (IN %)

FIGURE 14: MEXICO ALCOHOLIC SPIRITS MARKET, 2020-2028 (IN $ BILLION)

FIGURE 15: MEXICO ALCOHOLIC SPIRITS MARKET, BY PRODUCT TYPE, 2019 & 2028 (IN %)

FIGURE 16: ARGENTINA ALCOHOLIC SPIRITS MARKET, 2020-2028 (IN $ BILLION)

FIGURE 17: ARGENTINA ALCOHOLIC SPIRITS MARKET, BY PRODUCT TYPE, 2019 & 2028 (IN %)

FIGURE 18: REST OF LATIN AMERICA ALCOHOLIC SPIRITS MARKET, 2020-2028 (IN $ BILLION)

  1. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
        • MARKET SIZE & ESTIMATES
        • COUNTRY ANALYSIS
        • MARKET BY PRODUCTS (BRANDY & COGNAC, LIQUEURS, RUM, TEQUILA, MEZCAL, WHISKIES, WHITE SPIRITS & OTHER SPIRITS)
        • MARKET SHARE ANALYSIS
        • BRAND SHARE ANALYSIS
      • CANADA
        • MARKET SIZE & ESTIMATES
        • COUNTRY ANALYSIS
        • MARKET BY PRODUCTS (BRANDY & COGNAC, LIQUEURS, RUM, TEQUILA, MEZCAL, WHISKIES, WHITE SPIRITS & OTHER SPIRITS)
        • MARKET SHARE ANALYSIS
        • BRAND SHARE ANALYSIS
  1. MARKET BY DISTRIBUTION CHANNELS
    • SUPERMARKETS & HYPERMARKETS
    • LIQUOR SPECIALIST STORES
    • GROCERY RETAILERS
    • ONLINE RETAILING
    • OTHER DISTRIBUTION CHANNELS

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