South America Vodka Market Outlook, 2028

The South America Vodka Market is anticipated to add more than USD 1.24 Billion from 2023 to 2028 as South American vodka producers are infusing distinctive regional flavors into t

Featured Companies

  • 1. Mot Hennessy Louis Vuitton SA (LVMH)
  • 2. BPL Limited
  • 3. Brown–Forman Corporation
  • 4. Diageo plc
  • 5. Bacardi Limited
  • 6. Pernod Ricard SA
  • More...

In South America, vodka is frequently linked with thriving nightlife, social gatherings, and festivities. It is frequently consumed at pubs, clubs, and events where it is either savored neat or incorporated into cocktails. In especially among urban and younger demographics, vodka is regarded as a stylish and international spirit. There are various elements that influence the South American vodka market. One of the main forces is the impact of global trends, as customers in South America look for novel and varied beverage options that have gained popularity worldwide. Consumers' willingness to spend more money on higher-quality vodkas in exchange for a more sophisticated drinking experience is another key factor in premiumization. To appeal to local tastes, South American vodka brands frequently include regional flavors and ingredients. To produce distinctive flavor profiles that appeal to the regional palate, manufacturers could, for instance, infuse vodka with tropical fruits like passion fruit, pineapple, or mango or with traditional herbs and spices. The South American vodka market is also being driven by the growing interest in artisanal and craft spirits. Customers like craft vodka distilleries' attention to detail, small-batch manufacturing, and use of locally sourced ingredients. These products give a feeling of authenticity and originality. According to the research report, “South America Vodka Market Outlook, 2028” published by Bonafide Research, the market is anticipated to add more than USD 1.24 Billion from 2023 to 2028. To appeal to local tastes, South American vodka producers are infusing distinctive regional flavors into their products. For instance, flavors from vodka are being added to cachaça (Brazilian sugarcane alcohol), mate (traditional South American tea), and guava to give consumers a unique taste experience. In South America, the production of artisanal and small-batch vodka is on the rise. Vodkas that are carefully prepared with traditional manufacturing techniques and locally sourced ingredients are in high demand. These premium quality craft vodkas provide a feeling of authenticity. South America is experiencing an increase in the market for premium and ultra-premium vodkas. Vodkas with greater prices but better quality, smoothness, and sophistication will draw buyers. there has been a rising trend in South America known as "vodkarela." This unique concept combines vodka with the traditional South American spirit, cachaça. Vodkarela is a creative fusion of the smoothness of vodka and the distinct flavors of cachaça, resulting in a one-of-a-kind spirit that offers a new taste experience.

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In Brazil flavored vodkas are becoming more common. For the Brazilian palate, brands provide a wide range of fruit flavors, including citrus, passion fruit, and strawberry. In Brazil, demand for high-end and handcrafted vodkas is rising. Customers are looking for solutions that are more artisanal and of higher quality, frequently characterized by unusual production techniques and the use of premium ingredients. Many well-liked drinks in Brazil start with vodka as their base. Popular variations of the classic Caipirinha drink include Caipiroska, which uses vodka in place of cachaça. In bars, clubs, and social settings, vodka-based cocktails are frequently consumed. Vodka consumption is prominent in Brazil's vibrant nightlife and social scene. It is commonly associated with parties, clubs, and events, where it is enjoyed by young adults and partygoers. Vodka is frequently seen as a premium liquor and is connected to elegance and luxury in Argentina. Brands of imported vodka are well known for their exceptional quality, especially those from Poland and Russia. Vodka tastings and appreciation are becoming more popular in Argentina. To inform customers about various vodka brands, production processes, and flavor characteristics, tasting events, masterclasses, and seminars are organized. In Argentina, vodka is frequently consumed with meals. Its flexibility as a spirit that enhances varied flavors is demonstrated by the variety of dishes it is served with, including shellfish, cured meats, and gourmet appetizers. With the development of flavored vodkas and creative expressions, the vodka offerings on the Argentine market have expanded. Local producers have also developed, providing possibilities for vodka created in Argentina. South America has a strong preference for traditional, clear vodkas manufactured from grains like wheat, rye, or corn. These vodkas are prized for their adaptability in a variety of cocktails and mixed drinks as well as their smoothness. Vodkas with fruit infusions are preferred in South America, especially those made with tropical fruits like passion fruit, pineapple, or citrus. These flavored vodkas are frequently sipped neat or over ice and give a cool twist to drinks. The market in South America is seeing an increase in the sales of super-premium vodkas, which are renowned for their extraordinary quality and craftsmanship. These vodkas frequently undergo numerous distillations, are filtered using premium materials, and are created with premium ingredients, giving them a smoother and more sophisticated flavor. In South America, the majority of vodka drinkers choose premium to mid-range brands. These vodkas strike a mix between price and quality that appeals to a variety of customers. In South America, young adults and millennials are particularly fond of young vodka. The adaptability of vodka for making inventive and fashionable cocktails is valued by this market. They adore experimenting with various pairings and mixology methods and look for novel flavors. In South America, vodka continues to hold a significant appeal for customers of all ages. Vodka has a wide variety of drink combinations, making it a popular choice for many occasions, including social events, celebrations, and everyday libations. South America's vodka market is vibrant and accompanied by various events and festivals that celebrate the spirit. Buenos Aires Cocktail Week in Argentina is a notable event, highlighting the best cocktails and spirits, including vodka. The Chilean Cocktail Championship brings together talented bartenders and mixologists from across Chile to showcase their skills with vodka and other spirits. In Brazil, the Caipiroska Festival is a popular celebration centered around the Caipiroska cocktail, offering live music, cocktail competitions, and tastings. As for home brands, Yaguara from Brazil specializes in premium artisanal cachaça but also produces vodka. Achaval Ferrer in Argentina and Pisco Mistral in Chile have expanded their offerings to include vodka alongside their primary products. Multiple barriers affect the South American vodka market's expansion and acceptance. The strong cultural predilection for traditional spirits like cachaça and pisco, which are strongly ingrained in the region's drinking culture, is one of the major obstacles. For vodka to become a popular spirit option, this presents a challenge. Additionally, customers' price sensitivity can make it difficult for premium and foreign vodka brands to succeed in the market. Market entry and expansion are further complicated by complicated import restrictions and regulatory hurdles among different South American nations. The issues faced by the South American vodka market also include rivalry from well-known local spirits and logistical difficulties in distribution.

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Manmayi Raval

Manmayi Raval

Research Consultant

Considered in this report • Geography: South America • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report

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Manmayi Raval

• South America Vodka Market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation Countries covered in the report: • Brazil • Columbia • Argentina By Product Type • Plain Vodka • Flavored Vodka By Quality • Standard • Premium • Ultra-Premium By Sales Channel • On-trade • Off-trade By Age Group • 18 to 28 • 29 to 38 • 39 to 48 • 48 + The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analysing government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us. we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Vodka Market, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Companies Mentioned

  • Mot Hennessy Louis Vuitton SA (LVMH)
  • BPL Limited
  • Brown–Forman Corporation
  • Diageo plc
  • Bacardi Limited
  • Pernod Ricard SA
  • Distell Group Limited
  • Lucas Bols N.V.
  • Grupo Petrópolis Ltda.

Table of Contents

  • Table of Content
  • 1. Executive Summary
  • 2. Research Methodology
  • 2.1. Secondary Research
  • 2.2. Primary Data Collection
  • 2.3. Market Formation & Validation
  • 2.4. Report Writing, Quality Check & Delivery
  • 3. Market Structure
  • 3.1. Market Considerate
  • 3.2. Assumptions
  • 3.3. Limitations
  • 3.4. Abbreviations
  • 3.5. Sources
  • 3.6. Definitions
  • 4. Economic /Demographic Snapshot
  • 5. Global Vodka Market Outlook
  • 5.1. Market Size By Value
  • 5.2. Market Share By Region
  • 5.3. Market Size and Forecast, By Geography
  • 5.4. Market Size and Forecast, By Types
  • 5.5. Market Size and Forecast, By Quality
  • 5.6. Market Size and Forecast, By Distribution Channel
  • 5.7. Market Size and Forecast, By Age Group
  • 6. South America Vodka Market Outlook
  • 6.1. Market Size By Value
  • 6.2. Market Share By Country
  • 6.3. Market Size and Forecast, By Types
  • 6.4. Market Size and Forecast, By Quality
  • 6.5. Market Size and Forecast, By Distribution Channel
  • 6.6. Market Size and Forecast, By Age Group
  • 7. Market Dynamics
  • 7.1. Market Drivers & Opportunities
  • 7.2. Market Restraints & Challenges
  • 7.3. Market Trends
  • 7.4. Covid-19 Effect
  • 7.5. Supply chain Analysis
  • 7.6. Policy & Regulatory Framework
  • 7.7. Industry Experts Views
  • 7.8. Brazil Vodka Market Outlook
  • 7.8.1. Market Size By Value
  • 7.8.2. Market Size and Forecast By Types
  • 7.8.3. Market Size and Forecast By Quality
  • 7.8.4. Market Size and Forecast By Distribution Channel
  • 7.8.5. Market Size and Forecast By Age Group
  • 7.9. Argentina Vodka Market Outlook
  • 7.9.1. Market Size By Value
  • 7.9.2. Market Size and Forecast By Types
  • 7.9.3. Market Size and Forecast By Quality
  • 7.9.4. Market Size and Forecast By Distribution Channel
  • 7.9.5. Market Size and Forecast By Age Group
  • 7.10. Columbia Vodka Market Outlook
  • 7.10.1. Market Size By Value
  • 7.10.2. Market Size and Forecast By Types
  • 7.10.3. Market Size and Forecast By Quality
  • 7.10.4. Market Size and Forecast By Distribution Channel
  • 7.10.5. Market Size and Forecast By Age Group
  • 8. Competitive Landscape
  • 8.1. Competitive Dashboard
  • 8.2. Business Strategies Adopted by Key Players
  • 8.3. Key Players Market Share Insights and Analysis, 2022
  • 8.4. Key Players Market Positioning Matrix
  • 8.5. Porter's Five Forces
  • 8.6. Company Profile
  • 8.6.1. Diageo plc
  • 8.6.1.1. Company Snapshot
  • 8.6.1.2. Company Overview
  • 8.6.1.3. Financial Highlights
  • 8.6.1.4. Geographic Insights
  • 8.6.1.5. Business Segment & Performance
  • 8.6.1.6. Product Portfolio
  • 8.6.1.7. Key Executives
  • 8.6.1.8. Strategic Moves & Developments
  • 8.6.2. Brown–Forman Corporation
  • 8.6.3. Pernod Ricard SA
  • 8.6.4. Bacardi Limited
  • 8.6.5. LVMH Moët Hennessy Louis Vuitton
  • 8.6.6. Davide Campari-Milano N.V
  • 8.6.7. Distell Group Limited
  • 8.6.8. Lucas Bols N.V.
  • 8.6.9. Grupo Petrópolis Ltda.
  • 9. Strategic Recommendations
  • 10. Annexure
  • 10.1. FAQ`s
  • 10.2. Notes
  • 10.3. Related Reports
  • 11. Disclaimer

List of Tables

Table 1: Global Vodka Market Snapshot, By Segmentation (2021 & 2028) (in USD Billion)
Table 2: Top 10 Counties Economic Snapshot 2020
Table 3: Economic Snapshot of Other Prominent Countries 2020
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5: Global Vodka Market Size and Forecast, By Types (2017 to 2028F) (In USD Billion)
Table 6: Global Vodka Market Size and Forecast, By Quality (2017 to 2028F) (In USD Billion)
Table 7: Global Vodka Market Size and Forecast, By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 8: Global Vodka Market Size and Forecast, By Age Group (2017 to 2028F) (In USD Billion)
Table 9: South America Vodka Market Size and Forecast, By Types (2017 to 2028F) (In USD Billion)
Table 10: South America Vodka Market Size and Forecast, By Quality (2017 to 2028F) (In USD Billion)
Table 11: South America Vodka Market Size and Forecast, By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 12: South America Vodka Market Size and Forecast, By Age Group (2017 to 2028F) (In USD Billion)
Table 13: Influencing Factors for Global Vodka Market, 2021
Table 14: Brazil Vodka Market Size and Forecast By Types (2017 to 2028F) (In USD Billion)
Table 15: Brazil Vodka Market Size and Forecast By Quality (2017 to 2028F) (In USD Billion)
Table 16: Brazil Vodka Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 17: Brazil Vodka Market Size and Forecast By Age Group (2017 to 2028F) (In USD Billion)
Table 18: Argentina Vodka Market Size and Forecast By Types (2017 to 2028F) (In USD Billion)
Table 19: Argentina Vodka Market Size and Forecast By Quality (2017 to 2028F) (In USD Billion)
Table 20: Argentina Vodka Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 21: Argentina Vodka Market Size and Forecast By Age Group (2017 to 2028F) (In USD Billion)
Table 22: Colombia Vodka Market Size and Forecast By Types (2017 to 2028F) (In USD Billion)
Table 23: Colombia Vodka Market Size and Forecast By Quality (2017 to 2028F) (In USD Billion)
Table 24: Colombia Vodka Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 25: Colombia Vodka Market Size and Forecast By Age Group (2017 to 2028F) (In USD Billion)

List of Figures

Figure 1: Global Vodka Market Size (USD Billion) By Region, 2021 & 2028
Figure 2: Market attractiveness Index, By Region 2028
Figure 3: Market attractiveness Index, By Segment 2028
Figure 4: Global Vodka Market Size By Value (2017, 2021 & 2028F) (in USD Billion)
Figure 5: Global Vodka Market Share By Region (2021)
Figure 6: South America Vodka Market Size By Value (2017, 2021 & 2028F) (in USD Billion)
Figure 7: South America Vodka Market Share By Country (2021)
Figure 8: Brazil Vodka Market Size By Value (2017, 2021 & 2028F) (in USD Billion)
Figure 9: Argentina Vodka Market Size By Value (2017, 2021 & 2028F) (in USD Billion)
Figure 10: Columbia Vodka Market Size By Value (2017, 2021 & 2028F) (in USD Billion)
Figure 11: Competitive Dashboard of top 5 players, 2021
Figure 12: Porter's Five Forces of Global Vodka Market

Market Research FAQs

Vodka consumption patterns vary across South America. Urban areas and nightlife scenes tend to have higher vodka consumption, particularly in bars, nightclubs, and social gatherings. The consumption of flavored vodkas has also gained popularity in the region.

Factors such as urbanization, increasing disposable income, evolving consumer tastes, and the popularity of vodka-based cocktails contribute to the growth of the vodka market in South America.

The South American vodka market has witnessed the emergence of flavored vodkas, premium offerings, and artisanal or craft vodka brands. Additionally, sustainability and eco-friendly practices are becoming more important considerations for consumers.

The South American vodka market has experienced growth in recent years. Factors such as increasing disposable income, changing consumer preferences, and the introduction of new flavors and premium offerings have contributed to market expansion.

While vodka consumption is significant in South America, other spirits like rum and whiskey also have a strong presence in the region. Preferences for different spirits can vary by country and even within different demographics.
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South America Vodka Market Outlook, 2028

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