Brazil, Chile Spirits Market Growth

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Chile, Brazil touted as “high-potential” spirits markets

Summary

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88% Informative

Brazil ’s spirits industry is due to see its value grow at a CAGR of 18.2% , from $ 17.4bn in 2023 to $40.1bn by 2028 .

Chile 's spirits sector was valued at $ 3.7bn and is expected to grow at 13.1% .

Speciality spirits also held the largest volume share in volume terms, hovering around 60% across nine top spirits-consuming cities, including Sao Paulo and Rio de Janeiro .

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

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not offensive

Hate speech

not hateful