LATIN AMERICA ALCOHOLIC SPIRITS MARKET FORECAST 2018-2026
KEY FINDINGS
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.
MARKET INSIGHTS
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.
COMPETITIVE INSIGHTS
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.
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.
MARKET INSIGHTS
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.
COMPETITIVE INSIGHTS
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.
1. RESEARCH SCOPE
1.1. STUDY GOALS
1.2. SCOPE OF THE MARKET STUDY
1.3. WHO WILL FIND THIS REPORT USEFUL?
1.4. STUDY AND FORECASTING YEARS
2. RESEARCH METHODOLOGY
2.1. SOURCES OF DATA
2.1.1. SECONDARY DATA
2.1.2. PRIMARY DATA
2.2. TOP DOWN APPROACH
2.3. BOTTOM-UP APPROACH
2.4. DATA TRIANGULATION
3. EXECUTIVE SUMMARY
3.1. MARKET SUMMARY
3.2. KEY FINDINGS
3.2.1. LATIN AMERICA IN ANTICIPATED TO BE THE MOST PROMISING REGIONAL MARKET
3.2.2. EMERGENCE OF ONLINE RETAILING
3.2.3. GROWING DEMAND FOR PREMIUM VODKA, & WHISKY
3.2.4. LIQUOR SPECIALIST STORES, SUPERMARKETS & HYPERMARKETS - KEY DISTRIBUTION CHANNELS
4. MARKET DYNAMICS
4.1. MARKET DEFINITION & SCOPE
4.2. MARKET DRIVERS
4.2.1. CHANGING LIFESTYLE AND CONSUMPTION HABITS OF ALCOHOLIC DRINKS
4.2.2. TRADITIONALLY PREFERRED DRINK BY MEN DUE TO ITS HIGH ALCOHOL CONTENT
4.2.3. RAPID URBANIZATION AND HIGH DISPOSABLE INCOME
4.3. MARKET RESTRAINTS
4.3.1. RISE IN COUNTERFEIT PRODUCTS
4.3.2. STRINGENT RULES AND REGULATIONS ACROSS DIFFERENT REGIONS
4.3.3. HEALTH ISSUES RELATED TO EXCESS ALCOHOLIC SPIRITS CONSUMPTION
4.3.4. EASY AVAILABILITY OF SUBSTITUTES
4.4. MARKET OPPORTUNITIES
4.4.1. GROWING DEMAND FOR IMPORTED ALCOHOLIC SPIRITS
4.4.2. NUMEROUS PRODUCTS WITH DIFFERENT FLAVOURS
4.5. MARKET CHALLENGES
4.5.1. HEAVY TAXATION
4.5.2. RESTRICTIONS ON ALCOHOL ADVERTISING
5. MARKET, BY DISTRIBUTION CHANNEL
5.1. LIQUOR SPECIALIST STORES
5.2. DUTY FREE STORES
5.3. SUPERMARKET & HYPERMARKET
5.4. ONLINE RETAILING
5.5. OTHER STORES
6. KEY ANALYTICS
6.1. PORTER’S FIVE FORCE MODEL
6.1.1. BARGAINING POWER OF BUYERS
6.1.2. BARGAINING POWER OF SUPPLIERS
6.1.3. THREAT OF NEW ENTRANTS
6.1.4. THREAT OF SUBSTITUTE PRODUCTS
6.1.5. COMPETITIVE RIVALRY AMONGST EXISTING FIRMS
6.2. OPPORTUNITY MATRIX
6.3. VENDOR LANDSCAPE
7. GEOGRAPHICAL ANALYSIS
7.1. BRAZIL
7.1.1. MARKET OVERVIEW
7.1.2. BRAZIL MARKET, BY PRODUCTS, 2017 & 2026 (IN %)
7.1.3. MARKET SHARE ANALYSIS, 2016 & 2017 (IN %)
7.2. MEXICO
7.2.1. MARKET OVERVIEW
7.2.2. MEXICO MARKET, BY PRODUCTS, 2017 & 2026 (IN %)
7.2.3. MARKET SHARE ANALYSIS, 2016 & 2017 (IN %)
7.3. REST OF LATIN AMERICA
8. COMPANY PROFILES
8.1. AMVYX SA
8.2. BACARDI LIMITED
8.3. BROWN-FORMAN
8.4. CONSTELLATION BRANDS INC
8.5. DIAGEO PLC
8.6. GRUPPO CAMPARI
8.7. HITE JINRO CO LTD
8.8. MIGUEL TORRES SA
8.9. PERNOD RICARD
8.10. RADICO KHAITAN
8.11. REMY COINTREAU
8.12. STOCK SPIRITS GROUP
1.1. STUDY GOALS
1.2. SCOPE OF THE MARKET STUDY
1.3. WHO WILL FIND THIS REPORT USEFUL?
1.4. STUDY AND FORECASTING YEARS
2. RESEARCH METHODOLOGY
2.1. SOURCES OF DATA
2.1.1. SECONDARY DATA
2.1.2. PRIMARY DATA
2.2. TOP DOWN APPROACH
2.3. BOTTOM-UP APPROACH
2.4. DATA TRIANGULATION
3. EXECUTIVE SUMMARY
3.1. MARKET SUMMARY
3.2. KEY FINDINGS
3.2.1. LATIN AMERICA IN ANTICIPATED TO BE THE MOST PROMISING REGIONAL MARKET
3.2.2. EMERGENCE OF ONLINE RETAILING
3.2.3. GROWING DEMAND FOR PREMIUM VODKA, & WHISKY
3.2.4. LIQUOR SPECIALIST STORES, SUPERMARKETS & HYPERMARKETS - KEY DISTRIBUTION CHANNELS
4. MARKET DYNAMICS
4.1. MARKET DEFINITION & SCOPE
4.2. MARKET DRIVERS
4.2.1. CHANGING LIFESTYLE AND CONSUMPTION HABITS OF ALCOHOLIC DRINKS
4.2.2. TRADITIONALLY PREFERRED DRINK BY MEN DUE TO ITS HIGH ALCOHOL CONTENT
4.2.3. RAPID URBANIZATION AND HIGH DISPOSABLE INCOME
4.3. MARKET RESTRAINTS
4.3.1. RISE IN COUNTERFEIT PRODUCTS
4.3.2. STRINGENT RULES AND REGULATIONS ACROSS DIFFERENT REGIONS
4.3.3. HEALTH ISSUES RELATED TO EXCESS ALCOHOLIC SPIRITS CONSUMPTION
4.3.4. EASY AVAILABILITY OF SUBSTITUTES
4.4. MARKET OPPORTUNITIES
4.4.1. GROWING DEMAND FOR IMPORTED ALCOHOLIC SPIRITS
4.4.2. NUMEROUS PRODUCTS WITH DIFFERENT FLAVOURS
4.5. MARKET CHALLENGES
4.5.1. HEAVY TAXATION
4.5.2. RESTRICTIONS ON ALCOHOL ADVERTISING
5. MARKET, BY DISTRIBUTION CHANNEL
5.1. LIQUOR SPECIALIST STORES
5.2. DUTY FREE STORES
5.3. SUPERMARKET & HYPERMARKET
5.4. ONLINE RETAILING
5.5. OTHER STORES
6. KEY ANALYTICS
6.1. PORTER’S FIVE FORCE MODEL
6.1.1. BARGAINING POWER OF BUYERS
6.1.2. BARGAINING POWER OF SUPPLIERS
6.1.3. THREAT OF NEW ENTRANTS
6.1.4. THREAT OF SUBSTITUTE PRODUCTS
6.1.5. COMPETITIVE RIVALRY AMONGST EXISTING FIRMS
6.2. OPPORTUNITY MATRIX
6.3. VENDOR LANDSCAPE
7. GEOGRAPHICAL ANALYSIS
7.1. BRAZIL
7.1.1. MARKET OVERVIEW
7.1.2. BRAZIL MARKET, BY PRODUCTS, 2017 & 2026 (IN %)
7.1.3. MARKET SHARE ANALYSIS, 2016 & 2017 (IN %)
7.2. MEXICO
7.2.1. MARKET OVERVIEW
7.2.2. MEXICO MARKET, BY PRODUCTS, 2017 & 2026 (IN %)
7.2.3. MARKET SHARE ANALYSIS, 2016 & 2017 (IN %)
7.3. REST OF LATIN AMERICA
8. COMPANY PROFILES
8.1. AMVYX SA
8.2. BACARDI LIMITED
8.3. BROWN-FORMAN
8.4. CONSTELLATION BRANDS INC
8.5. DIAGEO PLC
8.6. GRUPPO CAMPARI
8.7. HITE JINRO CO LTD
8.8. MIGUEL TORRES SA
8.9. PERNOD RICARD
8.10. RADICO KHAITAN
8.11. REMY COINTREAU
8.12. STOCK SPIRITS GROUP
LIST OF TABLES
Table 1: LATIN AMERICA ALCOHOLIC SPIRITS MARKET, BY COUNTRY, 2018-2026, (IN $ BILLION)
Table 2: IMPORTANT FACTORS INFLUENCING ONLINE SALES OF ALCOHOLIC SPIRITS
Table 3: ALCOHOL CONTENTS IN DIFFERENT ALCOHOLIC SPIRITS
Table 4: SHORT-TERM EFFECTS OF ALCOHOL CONSUMPTION
Table 5: LATIN AMERICA ALCOHOLIC SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2018-2026, (IN $ BILLION)
Table 6: LATIN AMERICA ALCOHOLIC SPIRITS MARKET, BY COUNTRY, 2018-2026, (IN $ BILLION)
Table 7: MARKET SHARE ANALYSIS OF KEY PLAYERS IN LATIN AMERICA
Table 8: MERGERS & ACQUISITIONS IN LATIN AMERICA
Table 1: LATIN AMERICA ALCOHOLIC SPIRITS MARKET, BY COUNTRY, 2018-2026, (IN $ BILLION)
Table 2: IMPORTANT FACTORS INFLUENCING ONLINE SALES OF ALCOHOLIC SPIRITS
Table 3: ALCOHOL CONTENTS IN DIFFERENT ALCOHOLIC SPIRITS
Table 4: SHORT-TERM EFFECTS OF ALCOHOL CONSUMPTION
Table 5: LATIN AMERICA ALCOHOLIC SPIRITS MARKET, BY DISTRIBUTION CHANNEL, 2018-2026, (IN $ BILLION)
Table 6: LATIN AMERICA ALCOHOLIC SPIRITS MARKET, BY COUNTRY, 2018-2026, (IN $ BILLION)
Table 7: MARKET SHARE ANALYSIS OF KEY PLAYERS IN LATIN AMERICA
Table 8: MERGERS & ACQUISITIONS IN LATIN AMERICA
LIST OF FIGURES
Figure 1: LATIN AMERICA ALCOHOLIC SPIRITS MARKET. BY DISTRIBUTION CHANNELS, 2017 & 2026, (IN %)
Figure 2: LATIN AMERICA ALCOHOLIC SPIRITS MARKET, BY LIQUOR SPECIALIST STORES, 2018-2026, (IN $ BILLION)
Figure 3: LATIN AMERICA ALCOHOLIC SPIRITS MARKET, BY DUTY-FREE STORES, 2018-2026, (IN $ BILLION)
Figure 4: LATIN AMERICA ALCOHOLIC SPIRITS MARKET, BY HYPERMARKET & SUPERMARKET, 2018-2026, (IN $ BILLION)
Figure 5: LATIN AMERICA ALCOHOLIC SPIRITS MARKET, BY ONLINE RETAILING, 2018-2026, (IN $ BILLION)
Figure 6: LATIN AMERICA ALCOHOLIC SPIRITS MARKET, BY OTHER STORES MARKET, 2018-2026, (IN $ BILLION)
Figure 7: LATIN AMERICA ALCOHOLIC SPIRITS MARKET, REGIONAL OUTLOOK, 2017 & 2026, (IN %)
Figure 8: BRAZIL ALCOHOLIC SPIRITS MARKET, 2018-2026, (IN $ BILLION)
Figure 9: BRAZIL ALCOHOLIC SPIRITS MARKET, BY PRODUCTS, 2017 & 2026 (IN %)
Figure 10: BRAZIL: MARKET SHARE ANALYSIS, 2016 & 2017 (IN %)
Figure 11: MEXICO ALCOHOLIC SPIRITS MARKET, 2018-2026, (IN $ BILLION)
Figure 12: MEXICO ALCOHOLIC SPIRITS MARKET, BY PRODUCTS, 2017 & 2026 (IN %)
Figure 13: MEXICO: MARKET SHARE ANALYSIS, 2016 & 2017 (IN %)
Figure 14: REST OF LATIN AMERICA ALCOHOLIC SPIRITS MARKET, 2018-2026, (IN $ BILLION)
Figure 1: LATIN AMERICA ALCOHOLIC SPIRITS MARKET. BY DISTRIBUTION CHANNELS, 2017 & 2026, (IN %)
Figure 2: LATIN AMERICA ALCOHOLIC SPIRITS MARKET, BY LIQUOR SPECIALIST STORES, 2018-2026, (IN $ BILLION)
Figure 3: LATIN AMERICA ALCOHOLIC SPIRITS MARKET, BY DUTY-FREE STORES, 2018-2026, (IN $ BILLION)
Figure 4: LATIN AMERICA ALCOHOLIC SPIRITS MARKET, BY HYPERMARKET & SUPERMARKET, 2018-2026, (IN $ BILLION)
Figure 5: LATIN AMERICA ALCOHOLIC SPIRITS MARKET, BY ONLINE RETAILING, 2018-2026, (IN $ BILLION)
Figure 6: LATIN AMERICA ALCOHOLIC SPIRITS MARKET, BY OTHER STORES MARKET, 2018-2026, (IN $ BILLION)
Figure 7: LATIN AMERICA ALCOHOLIC SPIRITS MARKET, REGIONAL OUTLOOK, 2017 & 2026, (IN %)
Figure 8: BRAZIL ALCOHOLIC SPIRITS MARKET, 2018-2026, (IN $ BILLION)
Figure 9: BRAZIL ALCOHOLIC SPIRITS MARKET, BY PRODUCTS, 2017 & 2026 (IN %)
Figure 10: BRAZIL: MARKET SHARE ANALYSIS, 2016 & 2017 (IN %)
Figure 11: MEXICO ALCOHOLIC SPIRITS MARKET, 2018-2026, (IN $ BILLION)
Figure 12: MEXICO ALCOHOLIC SPIRITS MARKET, BY PRODUCTS, 2017 & 2026 (IN %)
Figure 13: MEXICO: MARKET SHARE ANALYSIS, 2016 & 2017 (IN %)
Figure 14: REST OF LATIN AMERICA ALCOHOLIC SPIRITS MARKET, 2018-2026, (IN $ BILLION)
