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Sector Analysis
Uruguay Beverages Consumption Trends and Forecasts Tracker, Q3 2021 (Dairy and Soy Drinks, Alcoholic Drinks, Soft Drinks and Hot Drinks)
The alcoholic beverages market in Uruguay was valued at 177.8 million liters in 2020. Even though alcoholic drinks volume will partially recover in Q4 2021, the high losses in H1 2021 will impact the full-year 2021 volume, which will decline by more than 4%. The development of new vineyards in Uruguay, the presence of the local red wine grape “Tannat”, and the development of local microbreweries will play a crucial role in the growth of the category in the long...