Latin America Alcoholic Ready-to-drink (Rtds)/High Strength Premixes Market Forecast 2017-2025
KEY FINDINGS The Latin America alcoholic ready-to-drink (RTDS)/high strength premixes market is anticipated to grow at 9.14% CAGR during the forecast period of 2017-2025. The market worth is expected to increase from $ 2856.4 million in 2016 to $ 7099.9 million by 2025.
MARKET INSIGHTS The market is majorly expanding because of a high demand from the youth, innovative marketing strategies implemented by the vendors, and increased online-retailing for alcoholic ready-to-drink (RTDs)/high premixes products. The online distribution channel for the market is expected to flourish in the coming years as compared to the store-based retailing due to convenient delivery and a wider product selection for the consumers. Also, by the product type, the wine-based RTDs and the spirit-based RTDs are expected to gain more popularity during the forecasted years.
COMPETITIVE INSIGHTS Some of the top companies in the market include Boston Beer Company, Bacardi Limited, Diageo Inc Brown-Forman, Anheuser-Busch InBev, Halewood International Limited, Suntory Spirits Limited, Radico Khaitan, Mark Anthony Brands International, Distell group Limited, and others.