Latin America

Read our latest reports on Latin America here, with analyses and ...

Read our latest reports on Latin America here, with analyses and market statistics that explore the evolving consumer preferences, market environment and inherent growth potential in individual countries, or briefings that assess key strategic themes...

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Country Report

Tobacco in Colombia

May 2024

Tobacco in Colombia witnessed stagnant volume growth in 2023 amid inflationary pressures and falling demand for cigarettes. Smoking prevalence continued to decline with consumers increasing awareness about the harmful effects of combustion tobacco…

USD 2,450
Country Report

Tobacco in Argentina

May 2024

The Argentine economy faced significant challenges in 2023, entering a recession with a GDP contraction and a notable decline in December compared to December 2022. Inflation surged, severely impacting the tobacco industry. Although official…

USD 2,450
Country Report

Sweet Spreads Packaging in Mexico

May 2024

After the demand spike seen in sweet spreads and its associated packaging in 2020 due to home seclusion during the pandemic, as it gave rise to increasing snacking and meal occasions in the home, sales declined in 2021 as the category normalised.…

USD 990
Country Report

Sunglasses in Mexico

May 2024

Concerns around eye health in the post-pandemic era has increased, and hand in hand with this concern, there is a growing awareness of the effects of the sun’s UV rays on visual health. In response, demand for sunglasses saw significant growth in…

USD 990
Country Report

Sunglasses in Argentina

May 2024

Sunglasses in Argentina is expected to register both a steep fall in volume and constant value sales, as inflation continues to be very high in 2024. As such, consumers trade down and also prioritise essential eyewear products such as spectacles. One…

USD 990
Country Report

Spectacles in Mexico

May 2024

Economic pressures have continued to impact demand for spectacles in 2024 with many Mexican families seeking to prioritise essentials while searching for more affordable eyewear solutions. Subsequently, brands and retailers are placing a greater…

USD 990
Country Report

Spectacles in Argentina

May 2024

Spectacles is the only eyewear product in Argentina that is expected to see volume sales increase in 2024. The essentialness of spectacles supports volume sales. That being said, continuing high inflation is expected to result in a significant fall…

USD 990
Country Report

Smokeless Tobacco, E-Vapour Products and Heated Tobacco in Bolivia

May 2024

In 2023, e-vapour products in Bolivia experienced considerable growth and formalisation in the distribution channels for e-vapour products. The availability of these products surged in both modern and traditional retail outlets. Initially, e-vapour…

USD 1,195
Country Report

Smokeless Tobacco, E-Vapour Products and Heated Tobacco in Argentina

May 2024

In 2023, smokeless tobacco products, including e-vapour and heated tobacco products, remained illegal in Argentina. Despite efforts by the current Milei government to legalise these products, the legislative bill aimed at allowing their sale was…

USD 1,195
Country Report

Smokeless Tobacco, E-Vapour Products and Heated Tobacco in Colombia

May 2024

Over the review period, smokeless tobacco, e-vapour products and heated tobacco grew at high velocity, with value sales over 20 times higher in 2023 compared to the start of the review period. Outstanding sales of e-vapour products, namely closed…

USD 1,195
Country Report

Sauces, Dips and Condiments Packaging in Mexico

May 2024

Pickled products are the biggest source of demand for packaging unit volumes in sauces, dips and condiments in Mexico. Pickled products also continued to record healthy growth in their packaging unit volumes in 2023. Metal food cans are the dominant…

USD 990
Country Report

Processed Meat and Seafood Packaging in Mexico

May 2024

Packaging unit volume sales in processed meat and seafood in Mexico recorded healthy growth in 2023, following two years of more modest performances. After demand spiked in 2020 due to the pandemic, with consumers stocking up on products with long…

USD 990
Country Report

Processed Fruit and Vegetables Packaging in Mexico

May 2024

After the very strong growth spike as a result of home seclusion and the ideal nature of these products for stockpiling at home when the pandemic hit in 2020, packaging unit volume sales were stagnating in 2021. However, processed fruit and…

USD 990
Country Report

Plant-Based Dairy Packaging in Mexico

May 2024

Plant-based dairy in Mexico is mainly represented by plant-based milk products such as oat milk or coconut milk. Demand for alternatives to cow’s milk is being driven by two major trends – health concerns and environmental awareness. Plant-based milk…

USD 990
Country Report

Meals and Soups Packaging in Mexico

May 2024

The pandemic in Mexico has resulted in a sustained interest in home cooking, which has lasted even after COVID-19-related restrictions were removed. With the resumption of busy lives, time-strapped consumers looking to make meals at home were opting…

USD 990
Country Report

Homewares in Mexico

May 2024

The Mexican homewares market continued to see current value growth in 2023, driven by two primary factors. Firstly, as work-from-home and hybrid work models persisted in the year, consumers maintained an interest in home cooking and refreshed their…

USD 1,195
Country Report

Home Improvement in Mexico

May 2024

Mexico’s home improvement market saw substantial current value growth in 2023 as consumers retained an interest in undertaking home renovation tasks. The growing housing and construction markets as well as record low unemployment and real wage growth…

USD 1,195
Country Report

Home Furnishings in Mexico

May 2024

Mexico’s home furnishings market witnessed marginal current value growth in 2023, fuelled by high inflation as well as resilient consumer demand in the category. In spite of significant inflationary pressures, the economic growth witnessed by the…

USD 1,195
Country Report

Home and Garden in Mexico

May 2024

A growing economy and favourable macroeconomic factors, such as low unemployment and a growing housing market, drove value sales growth in Mexico’s home and garden market in 2023. While growth was marginal in home furnishings, it was more robust in…

USD 2,450
Country Report

Gardening in Mexico

May 2024

Gardening saw significant current value growth in Mexico in 2023. Consumer interest in gardening remained robust during the year, with virtually all gardening categories reporting value growth, driven, in part, by inflation. While growth was more…

USD 1,195
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