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Colombia Spirits Market 2024
The Colombia spirits sector is poised for a dynamic growth phase, anticipating an increase of USD 1.9 billion and a compound annual growth rate (CAGR) of approximately 9.1% from 2024 to 2029. Colombia’s spirits market is shaped by traditional consumption of aguardiente alongside rising demand for whiskey and rum. Urbanization and an expanding middle class…
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Alcoholic Drinks
Chile Spirits Market 2024
The market for spirits is set for moderate growth, with projections indicating an increase of USD 1.4 billion and a compound annual growth rate (CAGR) nearing 9.2% over the forecast period. Chile’s spirits market benefits from a strong cocktail culture and rising demand for premium brands. Pisco remains a national favorite, but whiskey, vodka, and gi…
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Alcoholic Drinks
Brazil Spirits Market 2024
The Brazil spirits market is anticipated to witness significant growth, with an expected uptick of USD 7.0 billion, equating to a compound annual growth rate (CAGR) of about 7.5% in the coming years. Brazil’s spirits market is heavily influenced by the dominance of cachaça, the country’s traditional sugarcane spirit. However, rising affluence and exposure to glo…
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Alcoholic Drinks
Bolivia Spirits Market 2024
Forecasts highlight a favorable growth outlook for the Bolivia spirits market, with a projected increase of USD 124.6 million and a compound annual growth rate (CAGR) close to 7.7% through 2029. Bolivia’s spirits market is shaped by traditional preferences for chicha and singani, yet demand for whiskey and rum is growing among urban consumers. Rising…
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Alcoholic Drinks
Argentina Spirits Market 2024
The Argentina spirits market is on track for a substantial increase of USD 1.7 billion, indicating a compound annual growth rate (CAGR) of roughly 6.5% during the forecast period from 2024 to 2029. Argentina’s spirits market is influenced by a strong tradition of wine consumption, but spirits like whiskey and rum are gaining ground, partic…
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Alcoholic Drinks
Ukraine Spirits Market 2024
Insights reveal that the Ukraine spirits market is set for a healthy expansion, with an anticipated growth of USD 1.8 billion, corresponding to a compound annual growth rate (CAGR) of nearly 9% from 2024 to 2029. Ukraine’s spirits market is driven by vodka’s traditional dominance, but there is growing interest in whiskey, brandy, and gin am…
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Alcoholic Drinks
Slovenia Spirits Market 2024
The Slovenia spirits market is on track for incremental growth of USD 74.4 million, corresponding to a compound annual growth rate (CAGR) of nearly 2.9% throughout the forecast period of 2024 to 2029. In Slovenia, the spirits market benefits from a combination of traditional and premium consumption patterns. Local brandies remain popular, but demand for wh…
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Alcoholic Drinks
Slovakia Spirits Market 2024
The Slovakia spirits market is poised for moderate growth, projected to increase from USD 1,261.4 million in 2023 to USD 2,174.4 million by 2029, achieving a CAGR of 9.5% during the forecast period. Slovakia’s spirits market is evolving as traditional beverages like borovička coexist with growing demand for premium whiskey, gin, and vodka. Rising urbani…
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Alcoholic Drinks
Serbia Spirits Market 2024
Expected to see substantial growth, the Serbia spirits market is anticipated to move from USD 1,094.5 million in 2023 to USD 1,615.1 million by 2029, corresponding to a CAGR of 6.7%. Serbia’s spirits market is fueled by a strong tradition of consuming rakija alongside a growing interest in international spirits like whiskey and rum. Rising…
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Alcoholic Drinks
Russia Spirits Market 2024
Anticipated growth in the Russia spirits market stands at USD 4.7 billion, with an expected compound annual growth rate (CAGR) of approximately 4.9% during the period spanning 2024 to 2029. Russia’s spirits market remains dominated by vodka, yet shifting consumer preferences are opening the door for whiskey, brandy, and gin. Urban professionals are increasingly explor…
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Alcoholic Drinks
Romania Spirits Market 2024
Forecasted to grow at a moderate pace, the Romania spirits market size is expected to reach USD 2,599.3 million by 2029, up from USD 1,628.9 million in 2023, resulting in a CAGR of 8.1%. Romania’s spirits market is underpinned by strong local traditions and a growing appetite for imported brands. Traditional spirits like țuică are wi…
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Alcoholic Drinks
Poland Spirits Market 2024
The market for spirits is set for moderate growth, with projections indicating an increase of USD 3.2 billion and a compound annual growth rate (CAGR) nearing 7% over the forecast period. Poland’s spirits market is bolstered by the popularity of vodka, both as a traditional beverage and in premiumized forms. Rising disposable incomes and a grow…