The Peru market accounts for nearly 2% of the Latin American vodka market size. The market registered a compound annual growth rate (CAGR) of 3.2% during 2017-22 and 17% growth over 2021. According to GlobalData’s deep-dive analysis report, Peru vodka market databook, unflavored vodka accounted for a notable share of 85% among various vodka segments in the market in 2022, followed by flavored vodka. The report also provides in-depth analysis and market forecast to 2027. Buy the report here.
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According to GlobalData’s company and brand analysis, Pernod Ricard Group, Davide Campari-Milano and Bryansk Distillery held significant shares in the Peru vodka market in 2022. Concurrently, Absolut, Skyy and Russkaya led in terms of brand market share. Pernod Ricard Group had the leading market share by volume in 2022. Companies operating in the Peru vodka market continue to use innovation to target gaps in product offering. Continuous tracking of market size and company performance is important to help competitors capture and maximize profits.
GlobalData’s channel analysis reveals that hypermarkets & supermarkets were the key channel of purchase for vodka, along with food & drinks specialists. Also, on trade recorded a notable growth during the COVID-19 pandemic, as consumers were forced to stay at home due to restricted movement opportunities.
Hypermarkets & supermarkets constituted the highest market share by volume in 2022. Consumers preferred this channel for its product assortment and competitive pricing. Food & drinks specialists was the next preferred channel in the Peru market.
Among the top Latin American markets, Brazil accounted for the highest volume share in 2022, followed by Chile, Peru, Mexico, Argentina, and Colombia.
With a growing number of consumers seeking to experiment with novel products, manufacturers and brands need to constantly innovate their flavours and formulations to remain relevant and competitive. Additionally, the popularity of e-commerce has made it easier for shoppers to compare product features and offerings across different brands.
To further understand and explore GlobalData’s insight into the vodka category and market forecast to 2027, buy the report here.
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