The Latin America, Middle East and Africa Vodka Market would witness market growth of 8.3% CAGR during the forecast period (2023-2029).
Flavored vodka is one of the highly demanded drinks. Citrus (either a blend of many fruits or a single fruit) and vanilla are some of the most widely used flavors. Vodkas are also flavored with various kinds of berries, melon, pomegranate, pineapple, and other fruits. Popular vodka flavors include chocolate and espresso, and a more recent category mimics the flavors of other chocolates and pastries. There are even more unusual varieties, such as salmon, bacon, tobacco, and hemp, though these happen to be novelty flavors that are short-lived.
The classic infusion method, which involves steeping items like herbs or fresh fruits in a finished vodka, is used to create some flavored vodkas. To make up for this, many vodkas only add extracts of natural or synthetic flavors. The majority are packaged at 70 proof due to flavor additions.
The alcohol business has experienced remarkable development, particularly in the Vodka segment, as a result of the growing demand for cocktail drinks and alcoholic beverages among millennials and working professionals in big centers. In terms of formal or professional socializing, drinks have a social symbol. Due to the wide diversity of usage preferences among young people for raw or blended drinks, vodka has completely overtaken the market.
The increase of the market value is primarily driven by the rise in disposable income as well as the stability of the economy. The most populous country in Latin America is Brazil, which has experienced significant economic growth during the previous ten years. Alcohol is the most commonly consumed psychoactive substance by Brazilians. There are many retail and licensed establishments where the sale of alcoholic beverages is permitted, including some nightclubs, bars, restaurants, hotels, and athletic clubs. The demand for vodka in LAMEA is anticipated to increase over the forecast period as the region's consumption of alcoholic beverages rises.
The Brazil market dominated the LAMEA Vodka Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $815 million by 2029. The Argentina market is exhibiting a CAGR of 8.7% during (2023 - 2029). Additionally, The UAE market would experience a CAGR of 7.1% during (2023 - 2029).
Based on Type, the market is segmented into Non-Flavored and Flavored. Based on Distribution Channel, the market is segmented into On-Trade and Off-Trade. Based on countries, the market is segmented into Brazil, Argentina, UAE, Egypt, South Africa, Nigeria and Rest of LAMEA.
Free Valuable Insights: The Worldwide Vodka Market is Projected to reach USD 35.4 Billion by 2029, at a CAGR of 5.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Brown-Forman Corporation, Diageo plc, Pernod Ricard S.A., Bacardi Limited, Constellation Brands, Inc., Distell Group Limited, Proximo Spirits, Inc. (BECLE, S.A.B. DE C.V.), Belvedere Vodka (LVMH SE), Stoli Group (SPI Group) and Iceberg Vodka Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Type
By Distribution Channel
By Country
- Brazil
- Argentina
- UAE
- Egypt
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Brown-Forman Corporation
- Diageo plc
- Pernod Ricard S.A.
- Bacardi Limited
- Constellation Brands, Inc.
- Distell Group Limited
- Proximo Spirits, Inc. (BECLE, S.A.B. DE C.V.)
- Belvedere Vodka (LVMH SE)
- Stoli Group (SPI Group)
- Iceberg Vodka Corporation
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Vodka Market, by Type
1.4.2 LAMEA Vodka Market, by Distribution Channel
1.4.3 LAMEA Vodka Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2020, Jan – 2023, Mar) Leading Players
Chapter 4. LAMEA Vodka Market by Type
4.1 LAMEA Non-Flavored Market by Country
4.2 LAMEA Flavored Market by Country
Chapter 5. LAMEA Vodka Market by Distribution Channel
5.1 LAMEA On-Trade Market by Country
5.2 LAMEA Off-Trade Market by Country
Chapter 6. LAMEA Vodka Market by Country
6.1 Brazil Vodka Market
6.1.1 Brazil Vodka Market by Type
6.1.2 Brazil Vodka Market by Distribution Channel
6.2 Argentina Vodka Market
6.2.1 Argentina Vodka Market by Type
6.2.2 Argentina Vodka Market by Distribution Channel
6.3 UAE Vodka Market
6.3.1 UAE Vodka Market by Type
6.3.2 UAE Vodka Market by Distribution Channel
6.4 Egypt Vodka Market
6.4.1 Egypt Vodka Market by Type
6.4.2 Egypt Vodka Market by Distribution Channel
6.5 South Africa Vodka Market
6.5.1 South Africa Vodka Market by Type
6.5.2 South Africa Vodka Market by Distribution Channel
6.6 Nigeria Vodka Market
6.6.1 Nigeria Vodka Market by Type
6.6.2 Nigeria Vodka Market by Distribution Channel
6.7 Rest of LAMEA Vodka Market
6.7.1 Rest of LAMEA Vodka Market by Type
6.7.2 Rest of LAMEA Vodka Market by Distribution Channel
Chapter 7. Company Profiles
7.1 Diageo plc
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Acquisition and Mergers:
7.1.5.3 Geographical Expansions:
7.2 Pernod Ricard S.A.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Recent strategies and developments:
7.2.3.1 Partnerships, Collaborations, and Agreements:
7.2.3.2 Acquisition and Mergers:
7.3 Brown-Forman Corporation
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Recent strategies and developments:
7.3.4.1 Acquisition and Mergers:
7.3.4.2 Geographical Expansions:
7.4 Constellation Brands, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Recent strategies and developments:
7.4.4.1 Partnerships, Collaborations, and Agreements:
7.4.4.2 Product Launches and Product Expansions:
7.5 Proximo Spirits, Inc. (BECLE, S.A.B. DE C.V.)
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional Analysis
7.5.4 Recent strategies and developments:
7.5.4.1 Partnerships, Collaborations, and Agreements:
7.6 Belvedere Vodka (LVMH SE)
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.7 Distell Group Limited
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.8 Bacardi Limited
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Acquisition and Mergers:
7.9 Stoli Group (SPI Group)
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Partnerships, Collaborations, and Agreements:
7.9.2.2 Product Launches and Product Expansions:
7.10. Iceberg Vodka Corporation
7.10.1 Company Overview
TABLE 1 LAMEA Vodka Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Vodka Market, 2023 - 2029, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Vodka Market
TABLE 4 Product Launches And Product Expansions– Vodka Market
TABLE 5 Acquisition and Mergers– Vodka Market
TABLE 6 geographical expansions – Vodka Market
TABLE 7 LAMEA Vodka Market by Type, 2019 - 2022, USD Million
TABLE 8 LAMEA Vodka Market by Type, 2023 - 2029, USD Million
TABLE 9 LAMEA Non-Flavored Market by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA Non-Flavored Market by Country, 2023 - 2029, USD Million
TABLE 11 LAMEA Flavored Market by Country, 2019 - 2022, USD Million
TABLE 12 LAMEA Flavored Market by Country, 2023 - 2029, USD Million
TABLE 13 LAMEA Vodka Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 14 LAMEA Vodka Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 15 LAMEA On-Trade Market by Country, 2019 - 2022, USD Million
TABLE 16 LAMEA On-Trade Market by Country, 2023 - 2029, USD Million
TABLE 17 LAMEA Off-Trade Market by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA Off-Trade Market by Country, 2023 - 2029, USD Million
TABLE 19 LAMEA Vodka Market by Country, 2019 - 2022, USD Million
TABLE 20 LAMEA Vodka Market by Country, 2023 - 2029, USD Million
TABLE 21 Brazil Vodka Market, 2019 - 2022, USD Million
TABLE 22 Brazil Vodka Market, 2023 - 2029, USD Million
TABLE 23 Brazil Vodka Market by Type, 2019 - 2022, USD Million
TABLE 24 Brazil Vodka Market by Type, 2023 - 2029, USD Million
TABLE 25 Brazil Vodka Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 26 Brazil Vodka Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 27 Argentina Vodka Market, 2019 - 2022, USD Million
TABLE 28 Argentina Vodka Market, 2023 - 2029, USD Million
TABLE 29 Argentina Vodka Market by Type, 2019 - 2022, USD Million
TABLE 30 Argentina Vodka Market by Type, 2023 - 2029, USD Million
TABLE 31 Argentina Vodka Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 32 Argentina Vodka Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 33 UAE Vodka Market, 2019 - 2022, USD Million
TABLE 34 UAE Vodka Market, 2023 - 2029, USD Million
TABLE 35 UAE Vodka Market by Type, 2019 - 2022, USD Million
TABLE 36 UAE Vodka Market by Type, 2023 - 2029, USD Million
TABLE 37 UAE Vodka Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 38 UAE Vodka Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 39 Egypt Vodka Market, 2019 - 2022, USD Million
TABLE 40 Egypt Vodka Market, 2023 - 2029, USD Million
TABLE 41 Egypt Vodka Market by Type, 2019 - 2022, USD Million
TABLE 42 Egypt Vodka Market by Type, 2023 - 2029, USD Million
TABLE 43 Egypt Vodka Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 44 Egypt Vodka Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 45 South Africa Vodka Market, 2019 - 2022, USD Million
TABLE 46 South Africa Vodka Market, 2023 - 2029, USD Million
TABLE 47 South Africa Vodka Market by Type, 2019 - 2022, USD Million
TABLE 48 South Africa Vodka Market by Type, 2023 - 2029, USD Million
TABLE 49 South Africa Vodka Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 50 South Africa Vodka Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 51 Nigeria Vodka Market, 2019 - 2022, USD Million
TABLE 52 Nigeria Vodka Market, 2023 - 2029, USD Million
TABLE 53 Nigeria Vodka Market by Type, 2019 - 2022, USD Million
TABLE 54 Nigeria Vodka Market by Type, 2023 - 2029, USD Million
TABLE 55 Nigeria Vodka Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 56 Nigeria Vodka Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 57 Rest of LAMEA Vodka Market, 2019 - 2022, USD Million
TABLE 58 Rest of LAMEA Vodka Market, 2023 - 2029, USD Million
TABLE 59 Rest of LAMEA Vodka Market by Type, 2019 - 2022, USD Million
TABLE 60 Rest of LAMEA Vodka Market by Type, 2023 - 2029, USD Million
TABLE 61 Rest of LAMEA Vodka Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 62 Rest of LAMEA Vodka Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 63 Key Information – Diageo plc
TABLE 64 Key Information – Pernod Ricard S.A.
TABLE 65 Key Information – Brown-Forman Corporation
TABLE 66 Key Information – Constellation Brands, Inc.
TABLE 67 Key Information – Proximo Spirits, Inc.
TABLE 68 Key Information – Belvedere Vodka
TABLE 69 Key Information – Distell Group Limited
TABLE 70 Key Information – Bacardi Limited
TABLE 71 Key Information – Stoli Group
TABLE 72 Key Information – Iceberg Vodka Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 4 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2020, Jan – 2023, Mar) Leading Players
FIG 5 LAMEA Vodka Market share by Type, 2022
FIG 6 LAMEA Vodka Market share by Type, 2029
FIG 7 LAMEA Vodka Market by Type, 2019 - 2029, USD Million
FIG 8 LAMEA Vodka Market share by Distribution Channel, 2022
FIG 9 LAMEA Vodka Market share by Distribution Channel, 2029
FIG 10 LAMEA Vodka Market by Distribution Channel, 2019 - 2029, USD Million
FIG 11 LAMEA Vodka Market share by Country, 2022
FIG 12 LAMEA Vodka Market share by Country, 2029
FIG 13 LAMEA Vodka Market by Country, 2019 - 2029, USD Million
FIG 14 Recent strategies and developments: Diageo plc
FIG 15 Recent strategies and developments: Pernod Ricard S.A.
FIG 16 Recent strategies and developments: Brown-Forman Corporation