Vodka and Prepared-to-Drinks Anticipated to Drive Progress of Brazil Spirits Market

Spirits gross sales in Brazil are anticipated to develop by greater than 4% yearly by quantity by way of the tip of 2028, with development anticipated throughout all classes.

Based on GlobalData, Simply drinksBased on the dad or mum firm, quantity gross sales of “flavored alcoholic drinks” and vodka are anticipated to develop on the quickest fee in Brazil between 2023 and 2028.

In a brand new report exploring the dynamics that can form the Brazilian spirits market, GlobalData forecasts that each one classes will expertise quantity development, together with a very powerful “specialty spirits” section, centered on native merchandise comparable to cachaça .

Nonetheless, flavored alcoholic drinks are anticipated to be the quickest rising class within the Brazilian spirits market by way of quantity throughout this era. GlobalData, which incorporates blended spirits, pre-mixed cocktails and wine coolers in its definition of flavored alcoholic drinks, predicts the class will get pleasure from a CAGR of 8.14%.

The Brazilian vodka market is predicted to witness quantity development at a CAGR of 8.12%, with unflavored vodka – the biggest section – ​​anticipated to develop by 8.3%.

Among the many totally different spirits classes in Brazil analyzed by the analysis group, specialty spirits are anticipated to develop the slowest by way of quantity (a CAGR of two.7%), however this class is the biggest within the nation.

In 2023, some 577.7 million liters (or 64 million nine-liter instances) of specialty spirits have been offered in Brazil, greater than 4 occasions the gross sales quantity of vodka, the second largest class.

By measuring gross sales by worth, GlobalData predicts that each one spirits classes will expertise development in Brazil between 2023 and 2028.

It additionally initiatives that each one classes will profit from gross sales worth rising at a double-digit CAGR, with bar(e)y whiskey nonetheless anticipated to develop at 8.7%.

Specialty spirits, value R$34.9 billion in 2023, are anticipated to generate R$71.2 billion in gross sales in 2028, a CAGR of 15.4%.

The worth of gross sales of flavored alcoholic drinks and vodka is predicted to extend by 19.8% and 23.3%, respectively.

GlobalData predicts that the quickest rising spirits class in Brazil by 2028 will probably be liqueurs. Price 12 billion reais in 2023, the corporate forecasts that some 43.4 billion reais value of liquors will probably be offered in Brazil in 2028, representing a CAGR of greater than 29%.

“Within the Information: Vodka and Prepared-to-Drink Able to Drive Progress in Brazil’s Spirits Market” was initially created and revealed by Just drinksa model owned by GlobalData.

The data on this web site has been included in good religion for common data functions solely. It isn’t supposed to represent recommendation on which it’s best to rely, and we make no representations, warranties, categorical or implied as to its accuracy or completeness. You must acquire skilled or specialist recommendation earlier than taking or refraining from any motion on the premise of the content material on our website.