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Kenya Spirits Market 2024
The Kenya spirits market is on track to grow from USD 1,493.8 million in 2023 to USD 2,560.9 million by 2029, with a projected CAGR of 9.4% across the forecast period. Kenya’s spirits market is driven by a mix of traditional drinks such as locally brewed alcohol and an increasing appetite for premium international spirit…
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Alcoholic Drinks
Israel Spirits Market 2024
The Israel spirits market is poised for steady growth, with an expected increase of USD 0.7 billion, reflecting a compound annual growth rate (CAGR) of approximately 6.2% from 2024 to 2029. Israel’s spirits market is marked by a rising demand for whiskey, gin, and locally produced spirits such as Arak. A growing cocktail culture, partic…
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Alcoholic Drinks
Egypt Spirits Market 2024
The Egypt spirits market is set to increase from USD 1,102.4 million in 2023 to USD 1,663.7 million by 2029, reflecting a CAGR of 7.1% over the 2024 to 2029 timeframe. Egypt’s spirits market is constrained by cultural norms but is experiencing a gradual shift as younger, urban consumers seek international brands. While locally produc…
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Alcoholic Drinks
Cameroon Spirits Market 2024
The market for spirits is set for moderate growth, with projections indicating an increase of USD 40.2 million and a compound annual growth rate (CAGR) nearing 5.7% over the forecast period. Cameroon’s spirits market is primarily driven by locally produced beverages such as palm wine and whisky, with whiskey being the dominant alcoholic choice. Rising…
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Alcoholic Drinks
Algeria Spirits Market 2024
The Algeria spirits market is anticipated to witness significant growth, with an expected uptick of USD 211.5 million, equating to a compound annual growth rate (CAGR) of about 8.8% in the coming years. Algeria’s spirits market remains relatively conservative due to cultural and religious factors, but alcohol consumption is gradually increasing, particularly in urban center…
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Alcoholic Drinks
Uruguay Spirits Market 2024
Forecasts highlight a favorable growth outlook for the Uruguay spirits market, with a projected increase of USD 179.9 million and a compound annual growth rate (CAGR) close to 8.7% through 2029. Uruguay’s spirits market is influenced by the popularity of locally produced grappa and rum, but a growing interest in international spirits such as whiske…
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Alcoholic Drinks
Peru Spirits Market 2024
The Peru spirits market is on track for a substantial increase of USD 162.0 million, indicating a compound annual growth rate (CAGR) of roughly 6.2% during the forecast period from 2024 to 2029. In Peru, the spirits market is driven by the increasing global popularity of pisco, the country’s traditional brandy. With rising disposable income…
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Alcoholic Drinks
Mexico Spirits Market 2024
Insights reveal that the Mexico spirits market is set for a healthy expansion, with an anticipated growth of USD 5.3 billion, corresponding to a compound annual growth rate (CAGR) of nearly 8.2% from 2024 to 2029. Mexico’s spirits market is buoyed by the dominance of tequila and mezcal, which are deeply ingrained in the countr…
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Alcoholic Drinks
Guatemala Spirits Market 2024
Forecasted to grow at a moderate pace, the Guatemala spirits market size is expected to reach USD 930.2 million by 2029, up from USD 616.4 million in 2023, resulting in a CAGR of 7.1%. Guatemala’s spirits market is anchored by its renowned rum production, particularly high-quality aged rums. Urbanization and the rising middle class are fu…
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Alcoholic Drinks
Ecuador Spirits Market 2024
Projections for the Ecuador spirits market suggest a promising growth trajectory, with an anticipated rise of USD 188.4 million and a compound annual growth rate (CAGR) nearing 5.4% over the next five years. Ecuador’s spirits market is marked by the popularity of aguardiente and growing interest in imported options like whiskey and rum. Rising urbani…
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Alcoholic Drinks
Dominican Republic Spirits Market 2024
Anticipated to grow steadily, the Dominican Republic spirits market is expected to rise from USD 870.1 million in 2023 to USD 1,365.5 million by 2029, with a CAGR of 7.8% throughout the forecast period. The Dominican Republic’s spirits market is dominated by rum, reflecting its strong cultural significance and production heritage. However, whiskey and tequil…
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Alcoholic Drinks
Costa Rica Spirits Market 2024
The Costa Rica spirits market is poised for steady growth, with an expected increase of USD 179.9 million, reflecting a compound annual growth rate (CAGR) of approximately 6.4% from 2024 to 2029. Costa Rica’s spirits market is experiencing growth driven by rising tourism and an evolving cocktail culture. Rum remains a key player, but whiske…