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Beverages
Mexico Alcoholic Beverages Market 2024
The Mexico alcoholic beverages market is on track for a substantial increase of USD 33.4 billion, indicating a compound annual growth rate (CAGR) of roughly 6.5% during the forecast period from 2024 to 2029. Mexico’s alcoholic beverages market is characterized by its strong beer culture, with beer being the most consumed alcoholic beverage. However, there…
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Beverages
Honduras Alcoholic Beverages Market 2024
Forecasted to grow at a moderate pace, the Honduras alcoholic beverages market size is expected to reach USD 3,783.3 million by 2029, up from USD 2,357.8 million in 2023, resulting in a CAGR of 8.2%. Honduras is seeing moderate growth in its alcoholic beverages market, driven by rising incomes and changing consumer preferences. Beer remain…
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Beverages
Guatemala Alcoholic Beverages Market 2024
The Guatemala alcoholic beverages market is expected to experience robust growth, with a projected increase of USD 1.8 billion and a compound annual growth rate (CAGR) of approximately 6.7% throughout the forecast period. Guatemala’s alcoholic beverages market is driven by a strong preference for local spirits, particularly rum and beer. The growth of the craft…
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Beverages
El Salvador Alcoholic Beverages Market 2024
Anticipated to grow steadily, the El Salvador alcoholic beverages market is expected to rise from USD 1,694.0 million in 2023 to USD 2,430.3 million by 2029, with a CAGR of 6.2% throughout the forecast period. El Salvador’s alcoholic beverages market remains centered on beer and traditional spirits, with growing interest in imported and premium produc…
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Beverages
Ecuador Alcoholic Beverages Market 2024
Anticipated trends indicate that the Ecuador alcoholic beverages market will achieve incremental growth of USD 1.6 billion, translating to a compound annual growth rate (CAGR) of around 5.1% during the forecast period of 2024 to 2029. In Ecuador, the alcoholic beverages market is experiencing moderate growth, driven by rising disposable incomes and the increasing popula…
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Beverages
Dominican Republic Alcoholic Beverages Market 2024
The Dominican Republic alcoholic beverages market is poised for steady growth, with an expected increase of USD 1.9 billion, reflecting a compound annual growth rate (CAGR) of approximately 7.1% from 2024 to 2029. The alcoholic beverages market in the Dominican Republic is driven by a growing tourism sector, which continues to boost the demand for ru…
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Beverages
Costa Rica Alcoholic Beverages Market 2024
The Costa Rica alcoholic beverages sector is poised for a dynamic growth phase, anticipating an increase of USD 1.5 billion and a compound annual growth rate (CAGR) of approximately 7.4% from 2024 to 2029. Costa Rica’s alcoholic beverages market is growing steadily, fueled by increasing consumer demand for premium products, particularly rum, beer, and wine….
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Beverages
Colombia Alcoholic Beverages Market 2024
The market for alcoholic beverages is set for moderate growth, with projections indicating an increase of USD 7.1 billion and a compound annual growth rate (CAGR) nearing 6.5% over the forecast period. In Colombia, the alcoholic beverages market is expanding due to rising disposable incomes, urbanization, and changing social habits. Beer remains the most consum…
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Beverages
Chile Alcoholic Beverages Market 2024
The Chile alcoholic beverages market is anticipated to witness significant growth, with an expected uptick of USD 7.3 billion, equating to a compound annual growth rate (CAGR) of about 7.5% in the coming years. Chile’s alcoholic beverages market is experiencing steady growth, particularly in the wine sector, as the country is recognized globally for its hi…
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Beverages
Brazil Alcoholic Beverages Market 2024
Forecasts highlight a favorable growth outlook for the Brazil alcoholic beverages market, with a projected increase of USD 60.5 billion and a compound annual growth rate (CAGR) close to 7.2% through 2029. In Brazil, the alcoholic beverages market benefits from a large and diverse consumer base. Beer is the most popular alcoholic drink, but there…
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Beverages
Bolivia Alcoholic Beverages Market 2024
The Bolivia alcoholic beverages market is on track for a substantial increase of USD 1.8 billion, indicating a compound annual growth rate (CAGR) of roughly 8.3% during the forecast period from 2024 to 2029. Bolivia’s alcoholic beverages market is relatively underdeveloped compared to its regional neighbors but is experiencing growth. Increasing disposable incomes, especially in urb…
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Beverages
Argentina Alcoholic Beverages Market 2024
A rapid growth trajectory is forecasted for the Argentina alcoholic beverages market, with incremental gains of USD 136.8 billion and a compound annual growth rate (CAGR) nearing 37.5% over the next five years. The alcoholic beverages market in Argentina continues to expand, driven by a growing middle class and an increasing preference for premium wines….