Latin America Ardent Spirits Market growth and opportunities – Market data forecast


Posted November 21, 2017 by vickyv

Latin America Ardent Spirits Market By Applications By Type And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)

 
The Latin America Ardent Spirits Market was worth USD XX.XX billion in 2016 and estimated to be growing at a CAGR of X.XX%, to reach USD XX.XX billion by 2021. The definition of Ardent Spirits are those liquors which are obtained after repeated distillations from fermented vegetables. They are flammable liquids and can fuel a fire and that is the source of the name.
Ardent Spirits have high alcohol content and are made by distillation. Common examples of ardent spirits include whiskey, brandy and gin. Most governments also get a reliable source of income in the form of taxation on ardent spirits. The tax rates are high in order to discourage people from consuming alcoholic drinks over ambitiously.
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The major factors affecting the Ardent Spirits market is the increasing consumer demand for alcoholic beverages. The major demand for the same comes from hotels, bars and even convenience stores selling alcoholic drinks. As for the restraints of the market, the high degree of taxation on alcoholic products and their high costs in general and major turnoffs for the market. Also the dangers posed by improper preparation also hamper the market growth.
The Latin America Ardent Spirits market is broadly classified by Applications into Supermarket, Monopoly Stores and Online Sales and on the basis of Type into Gin, Whisky, Brandy, Vodka, Rum, Tequilla, Baijiu and Sake. Based on geography, the Latin America market is divided into Argentina, Brazil and Mexico. The Latin American region is one that offers immense scope for development in the forecast years as is evident from the high growth rate of the region. Inspite of having only a minor market share, the CAGR of the region is the second highest globally only behind Asia-Pacific. This market is one that shows promise in the coming years.
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The Ardent Spirits market is highly competitive with a large number of players. Key market players dominating the market with their products are Diageo, LVMH, Brown Forman, Absolut, Bacardi Limited, Perood Ricard, The Patron Spirit Company, Beam Suntory and Mast gagermeister.
Market Segmentation

1)Application
• Introduction
• Supermarket
• Monopoly Stores
• Online Sales
• Y-o-Y Growth Analysis, By Application
• Market Attractiveness Analysis, By Application
• Market Share Analysis, By Application


2)Type
• Introduction
• Gin
• Whisky
• Brandy
• Vodka
• Rum
• Tequilla
• Baijiu
• Sake
• Y-o-Y Growth Analysis, By Type
• Market Attractiveness Analysis, By Type
• Market Share Analysis, By Type
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Issued By Market data forecast
Country India
Categories Food
Tags ardent spirits market , food and beverages , market research
Last Updated November 21, 2017