LAMEA alcoholic beverages market is estimated to grow at a CAGR of 3.5% during the forecast period. In 2018, the market in LAMEA was valued at $121.0 billion and is further estimated to reach $152.0 billion in 2025. The factors contributing to the market growth include increasing demand for alcoholic beverages in emerging economies such as Brazil and South Africa due to their growing population base and increasing consumption of alcohol by the young generation. The changing social norms and the growing acceptability of alcohol have led to high and regular alcohol consumption among people in the region. 

The alcoholic beverages market in Latin America and the Middle East & Africa are expected to have a major market share during the forecast period. Major economies contributing to the LAMEA market growth are Brazil, Argentina, Turkey, South Africa and so on. The two most prominent factors for the market growth in these regions include the increase in disposable income coupled with the rise in the economy. In Brazil, alcohol is the most widely used psychotropic substance among adults. Brazil has the largest population in Latin America and has experienced considerable economic growth in the past decade. The country has around 209 million population in 2018 and more than 77% of the population is above 15 years. 

In the Middle East, a number of Islamic countries have banned the production, import, sale, and consumption of alcohol beverages. Iraq and Saudi Arabia are two of the major Islamic countries that have made alcohol consumption illegal. However, UAE, Sudan, Lebanon, Bahrain, and Tunisia are among the major countries consuming alcohol beverages. According to WHO, spirits are the major alcoholic beverage consumed in UAE, estimated to be around 82% of all alcoholic beverages. The sale of spirits is permitted in certain retail stores and licensed outlets, including restaurants, bars and night clubs that are either part of a hotel or selected sports clubs. Standalone retail outlets such as supermarkets, grocery stores, and restaurants are not authorized to sell or serve alcohol. Therefore, the Middle East contributes least to LAMEA alcoholic beverages market.

Research Methodology

The market study of the LAMEA alcoholic beverages market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for alcoholic beverages manufacturing companies, distributors and suppliers, and other related companies for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. LAMEA Alcoholic Beverages Market Research and Analysis by Type
2. LAMEA Alcoholic Beverages Market Research and Analysis by Packaging Type

The Report Covers

• Comprehensive research methodology of the LAMEA alcoholic beverages market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the LAMEA alcoholic beverages market.
• Insights about market determinants which are stimulating the LAMEA alcoholic beverages market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.