The Latin America fruit beer market is estimated to grow at a CAGR of 4.8% during the forecast period. Latin America beer market has been witnessed a potential rise coupled with the increasing presence of global manufacturers and rising demand for premium beer, especially in millennials. Urbanization is one of the crucial factors for the escalating adoption of premium beer. As per the World Bank, in Latin America and the Caribbean, the urban population increased from 80.6% in 2018 to 80.9% in 2019. In Brazil, the urban population increased from 86.6% in 2018 to 86.8% in 2019. Urbanization changes the consumption patterns of consumers, as they started to prefer high-cost products. Therefore, Brazil continues to emerge as one of the potential consumers of premium beer owing to the effective flavor and taste.
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The market is segmented into flavor and distribution channels. Based on flavor, the market is classified into peach, raspberry, apricot, cherry, apple, blueberry, and others. Based on the distribution channel, the market is classified into online and offline. The online distribution channel is estimated to witness the fastest growth during the forecast period, owing to the rising internet users in the region. In 2018, there were 70.4% Brazilians using the internet, increased from 67.5% in 2017. Likewise, internet penetration is rising in other Latin American countries. Rising internet penetration is attributing to the growth of online users in this region, which is expected to offer potential opportunities for fruit beer companies to increase their online presence in the region.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Latin America Fruit Beer Market-Segmentation
By Flavor
- Peach
- Raspberry
- Apricot
- Cherry
- Apple
- Blueberry
- Others
By Distribution Channel
- Online
- Offline
Latin America Fruit Beer Market– Segment by Country
- Brazil
- Argentina
- Chile
- Peru
- Rest of Latin America
The Report covers:
- Comprehensive research methodology of the Latin America fruit beer market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Latin America fruit beer market.
- Insights about market determinants which are stimulating the Latin America fruit beer market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
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