Latin America Whiskey Market To Grow Significantly During 2022-2027, Driven By Growing Demand For Alcoholic Beverages And Rising Consumer Living Standards
El nuevo estudio de Informes de Expertos titulado El Mercado Latinoamericano de Whisky, Informe y Pronstico 2022-2027, ofrece un anlisis profundo del mercado, evalundolo por producto, calidad, canal de distribucin y las regiones clave. El informe analiza los factores clave de xito y las limitaciones, tambin rastrea las ltimas tendencias en la industria y estudia su impacto en el mercado en general. Adems, evala la dinmica del mercado, cubriendo los indicadores clave de demanda y precio, junto con el anlisis del mercado basado en los modelos FODA y las Cinco Fuerzas de Porter.
The new report by Informes de Expertos titled, Latin America Whiskey Market 2022-2027, gives an in-depth analysis of the market, assessing it based on product, quality, distribution channel, and key regions. The report analyses key success factors and constraints, tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porters Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027):X%
The whiskey market in Latin America is growing at a rapid pace with the growing consumption of spirits, rising consumer disposable incomes and their changing lifestyles. The market is witnessing escalating demand for premium and super-premium whiskeys. Moreover, the rising trend of social gatherings and parties on weekdays and weekends, particularly among working professionals further bolsters the demand for thebeverage. Among the various Latin American countries, Mexico holds the largest share of the market with the highest consumption rate of whiskey in the region.
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During the forecast period, the increasing investments by industry players in RD, coupled with advancements in spirits manufacturing processes, and innovation of new product variants such as organic whiskey will further promote the growth of the industry.
Industry Definition and Major Segments
Whiskey is a type of distilledalcoholic beverageproduced from the fermentation of mashed grains of malted barley, rye, corn, orwheat, which is mainly consumed as a rejuvenating and recreational drink.
By product, the market is segmented into:
- Single Malt whiskey
- Wheat Whiskey
- Rye Whiskey
- Corn Whiskey
- Blended Whiskey
- Others
By quality, the industry has been segregated into:
- Premium
- High-End Premium
- Super-Premium
Based on distribution channel, the market segments into:
- Off-Trade
- Supermarkets and Hypermarkets
- Discount Stores
- Online stores
- On-Trade
- Restaurants and Bars
- Liquor Stores
- Others
Key regions covered include:
- Brazil
- Argentina
- Mexico
- Chile
- Others
Market Trends
The most important trend driving the growth of whiskey market in Latin America is the growing cocktail culture and demand for craft spirits. The product is a key ingredient in many cocktails. Moreover, factors like rising consumer disposable incomes and changing lifestyles also increase consumer spending on alcoholic drinks, thereby positively impacting the industrys outlook. In addition, the increasing prevalence of online retail alcohol stores and new product innovations such asorganicvariants of whiskey further foster the industrys growth. Over the forecast period, the rising investments in RD activities by leading industry players coupled with new product launches are projected to accelerate the industry growth.
Key Market Players
The major players in the market are:
- Diageo plc
- Bacardi Limited
- The Edrington Group
- Allied Blenders and Distillers Pvt Ltd.
- Asahi Group Holdings Ltd.
- The Brown-Forman Corporation
- William Grant Sons Holdings Ltd.
- Others
This report covers their profiles and provides information on expansions, investments and mergers and acquisitions, among other latest industry developments.
About Us:
Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
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Determined to bring client satisfaction, we make sure that our tailored approach meets the clients unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
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We at Informes de Expertos always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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