LAMEA Distilled Spirits Market Trends, Size, Competitive Analysis and Forecast -

Posted by larebomrglobal on February 14th, 2020

LAMEA distilled spirits market is estimated to grow at a CAGR of 3.5% during the forecast period. In 2018, the market in LAMEA was valued at .1 billion and is further estimated to reach .1 billion in 2025. The factors contributing to the market growth include increasing demand for alcoholic beverages in emerging economies such as Brazil and South Africa due to their growing population base and increasing consumption of alcohol by the young generation. The changing social norms and the growing acceptability of alcohol have led to high and regular alcohol consumption among people in the region. 

A full Report of Latin America and Middle-East Africa (LAMEA) Distilled Spirits Market is Available at: https://www.omrglobal.com/industry-reports/lamea-distilled-spirits-market

The distilled spirits market in Latin America and the Middle East & Africa are expected to have a major market share during the forecast period. Major economies contributing to the LAMEA market growth are Brazil, Argentina, Turkey, South Africa and so on. The two most prominent factors for the market growth in these regions include the increase in disposable income coupled with the rise in the economy. In Brazil, alcohol is the most widely used psychotropic substance among adults. Brazil has the largest population in Latin America and has experienced considerable economic growth in the past decade. The country has around 209 million population in 2018 and more than 77% of the population is above 15 years. 

Request a Free Sample of our Report on Latin America and Middle-East Africa (LAMEA) Distilled Spirits Market https://www.omrglobal.com/request-sample/lamea-distilled-spirits-market 

In Brazil, the consumption of beer is maximum with around 62% of the total consumption followed by wine and spirit. There is an excise duty on wine, beer, and spirit in the country. The minimum age to drink beer, spirit, and wine in the country is 18 years. According to the same source, nearly 59.7% of the people are abstainers in the country with 21.4% lifetime abstainers; whereas 38.3% had not consumed alcoholic beverages from the last 12 months. Moreover, it is required to print required health warning labels on alcohol containers and on advertisements in Brazil. Some of the factors that lead to LAMEA distilled spirits market growth in Brazil include the economic growth and low prices of alcoholic beverages. 

The Report Covers 

  • Comprehensive research methodology of the Indian distilled spirits market.
  • This report also includes a detailed and extensive market overview with key analyst insights.
  • An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
  • Analysis of regional regulations and other government policies impacting the Indian distilled spirits market.
  • Insights about market determinants which are stimulating the Indian distilled spirits market.
  • Detailed and extensive market segments with regional distribution of forecasted revenues.
  • Extensive profiles and recent developments of market players. 

Latin America and Middle-East Africa (LAMEA) Distilled Spirits Market Segmentation 

By Type 

  • Whiskey
  • Vodka
  • Rum
  • Gin
  • Tequila
  • Brandy
  • Others 

By Distribution Channel 

  • Online
  • Offline 

Regional Analysis 

  • Brazil
  • Argentina
  • UAE
  • South Africa
  • Nigeria
  • Rest of LAMEA 

Company Profiles 

  • Anheuser-Busch InBev
  • Asahi Group Holdings, Ltd.
  • Carlsberg Breweries A/S
  • Constellation Brands Inc.
  • Diageo PLC
  • Heineken Holding N.V.
  • Kirin Holdings Co. Ltd.
  • Molson Coors Brewing Co.
  • Pernod Ricard S.A.
  • SABMiller PLC 

 About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. 

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