2025 Developments
Alcoholic drinks in Argentina saw a further decline in total volume sales in 2025, falling by 3% to 2.7 billion litres. This contraction reflects acute economic pressures, including a 10% drop in wages at year-end and sharp increases in household costs, which led to pronounced downtrading and heightened demand for affordable and lower-alcohol products. Despite these short-term setbacks, prospects for alcoholic drinks are expected to improve as GDP growth of 4% in 2025 signals a turnaround in real incomes and a gradual recovery in consumer confidence, supporting a modest CAGR of 1.0% in volume through to 2030. Beer will maintain its position as the leading alcoholic drink, but is set to lose share to value-focused and innovative players, while wine faces ongoing decline due to both economic and climate-driven headwinds.
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Overview:
Understand the latest market trends and future growth opportunities for the Alcoholic Drinks industry in Argentina with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
- Beer
- Wine
- Spirits
- Cider and Perry
- RTDs
If you're in the Alcoholic Drinks industry in Argentina, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty
The Alcoholic Drinks in Argentina report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Alcoholic Drinks in Argentina?
- Where is consumer demand for Alcoholic Drinks focussed?
- Which is being consumed more; beer, wine or spirits?
- Where is demand growing? Stagnating?
- How is the operating environment for alcoholic drinks changing?
- Which are the leading brands in Argentina?
- How are products distributed in Argentina?
- What are the key trends in new product development?
- Do consumers want value for money or added value?
- How will macroeconomic context and shifting cultural values shape future growth?
- How will COVID-19 and recession impact the alcoholic drinks industry?
- Where is future growth expected to be most dynamic?
Alcoholic Drinks in Argentina
2025 Developments
Key Data Insights
Price-Sensitive Consumers Switch to Value-For-Money and Low-Alcohol Options
Economic and Health Factors Shape Consumption Patterns
Leading and Emerging Players Unlock New Drinking Occasions with Non-Alcoholic Launches
Consumers Embrace Affordable Beer and Premium Rtds as Incomes Rise
Non-Alcoholic Launches and Health Trends Reshape Product Innovation
Wineries Lose Ground to Beer as Price and Climate Pressures Mount
Cervecería Y Maltería Quilmes and Cía Cervecerías Unidas Lose Share as Imports Rise
Campari Argentina Gains Ground with New Route to Market and Portfolio Focus
Traditional Stores Capture Shoppers as Modern Retail Loses Ground
Manufacturers Respond to Channel Shifts with Affordable Formats and Digital Innovation
Wine Producers Drive E-Commerce Growth with Premium Portfolios
Legislation
Legal Purchasing Age and Legal Drinking Age
Drink Driving
Advertising
Smoking Ban
Opening Hours
Taxation and Duty Levies
Contraband/Parallel Trade
Duty Free
Cross-Border/Private Imports
Beer in Argentina
Key Data Insights
Beer Summary
Leading Brewers Drive Value Focus as Household Budgets Contract
Carrefour and Heineken 0.0 Broaden Drinking Occasions with Non-Alcoholic Launches
Cervecería Y Maltería Quilmes and Cía Cervecerías Unidas Fuel E-Commerce Expansion with Direct-To-Consumer Platforms
Leading Players Drive Innovation as Lager Retains Dominance
Premiumisation Supported by Economic Recovery and Liberalised Import Policies
Cervecería Y Maltería Quilmes and Cía Cervecerías Unidas Sa Defend Share with Promotional and Innovation Focus
Small Local Grocers Regain Share as Consumers Seek Affordability
Cider/Perry in Argentina
Key Data Insights
Cider/Perry Summary
Cider/Perry Manufacturers Leverage New Flavours to Expand Consumption Occasions
Labarraccu and Modern Retailers Boost Cider E-Commerce through Fast Delivery and Selection
Cía Cervecerías Unidas and Bodegas Cuvellier Expand Year-Round Cider Access through Distribution Alliance
Multinational Beer Players Drive Premiumisation and Innovation with New Cider Flavours and Formats
Pulku Sa and Craft Brands Grow Off-Premise Sales through Packaging and Channel Shifts
Cía Cervecerías Unidas and Bodegas Cuvillier Reinforce Dominance through Price and Distribution
Supermarkets and Discounters Drive Volume as Traditional Shops Rebound
Discounting and Economic Shifts Reshape Consumer Channel Choices
Rtds in Argentina
Key Data Insights
Rtds Summary
New Rtd Launches Spark Double-Digit Growth
Spirit-Based Innovation Captures Younger Drinkers
Nolo Redefines Rituals as Mindful Consumption Reshapes Demand
Cepas Argentinas and New Entrants Reshape Consumer Choices with Bold Launches
Gancia 0.0 and Dr Lemon Spicy Unlock New Consumption Occasions
Cepas Argentinas Expands Portfolio as Grupo Peñaflor Narrows the Gap
Supermarket Chains Lose Ground as Shoppers Seek Cheaper Options
E-Commerce Gains Traction as Shoppers Seek Cheaper Options
Spirits in Argentina
Key Data Insights
Spirits Summary
Skyy Vodka Overtakes Smirnoff by Leveraging Nostalgic Flavours
Fernet Branca Builds Loyalty by Anchoring Bitters in National Identity
Retailers Accelerate Spirits Growth through Digital Convenience and Choice
Imported Premium Spirits Capture Value as Liberalisation Accelerates
Craft Gin Producers Consolidate as Consumer Tastes Evolve
Flavour Innovation Broadens Appeal and Drives Younger Consumption
Flli Branca Destilerías Sa Strengthens Dominance by Leveraging Fernet Branca and Diversifying
Small Local Grocers Retain Reach as Discounters and E-Commerce Expand
Grupo Narvaez’S Acquisition Strategy Aims to Reshape Retail Competition
E-Commerce Platforms Capture Price-Sensitive Shoppers with Broad Assortments
Wine in Argentina
Key Data Insights
Wine Summary
Wineries Adapt Pricing and Imports to Meet Evolving Demands
Trivento Bodegas Y Viñedos Sa Expands Super-Premium Imports as Polarisation Accelerates
Bodega Catena Zapata Launches Non-Alcoholic Innovation to Meet Evolving Preferences
Wine Faces Ongoing Challenges Amid Supply Issues and Changing Consumer Preferences
Strong Innovation Pipeline Is Expected to Drive Non-Alcoholic Wine
Fecovita Coop and Grupo Peñaflor Shape the Competitive Landscape
Non-Alcoholic Innovation and Divestments Reshape Future Prospects
Small Local Grocers Bolster Leading Position as Shoppers Trade Down
Country Reports Disclaimer
The following categories and subcategories are included:
Alcoholic Drinks
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- Ale
- Sorghum
- Weissbier/Weizen/Wheat Beer
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- Flavoured/Mixed Lager
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- Domestic Premium Lager
- Imported Premium Lager
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- Domestic Mid-Priced Lager
- Imported Mid-Priced Lager
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- Domestic Economy Lager
- Imported Economy Lager
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-
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- Domestic Premium Lager
- Domestic Mid-Priced Lager
- Domestic Economy Lager
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- Imported Premium Lager
- Imported Mid-Priced Lager
- Imported Economy Lager
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- Low Alcohol Beer
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- Standard Non Alcoholic Beer
- Malta Style Non Alcoholic Beer
- Stout
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- Regular Cider/Perry
- Non Alcoholic Cider/Perry
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- Malt-based RTDs
- Spirit-based RTDs
- Wine-based RTDs
- Other RTDs
- Non Alcoholic RTDs
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- Brandy
- Cognac
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- Bitters
- Cream-based Liqueurs
- Other Liqueurs
- Non Alcoholic Spirits
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- Prestige Dark Rum
- Ultra Premium Dark Rum
- Super Premium Dark Rum
- Premium Dark Rum
- Standard Dark Rum
- Economy Dark Rum
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- Prestige White Rum
- Ultra Premium White Rum
- Super Premium White Rum
- Premium White Rum
- Standard White Rum
- Economy White Rum
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- Tequila (and Mezcal)
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- Bourbon/Other US Whiskey
- Canadian Whisky
- Irish Whiskey
- Japanese Whisky
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- Blended Malt Scotch Whisky
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- Prestige Other Blended Scotch Whisky
- Ultra Premium Other Blended Scotch Whisky
- Super Premium Other Blended Scotch Whisky
- Premium Other Blended Scotch Whisky
- Standard Other Blended Scotch Whisky
- Economy Other Blended Scotch Whisky
- Single Grain Scotch Whisky
- Single Malt Scotch Whisky
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- Other Whiskies
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- Prestige English Gin
- Ultra Premium English Gin
- Super Premium English Gin
- Premium English Gin
- Standard English Gin
- Economy English Gin
- Dutch Gin
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- Prestige Vodka
- Ultra Premium Vodka
- Super Premium Vodka
- Premium Vodka
- Standard Vodka
- Economy Vodka
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- Absinthe
- Ad-Mix Brandy
- Ad-Mix Gin
- Ad-Mix Rum
- Ad-Mix Vodka
- Ad-Mix Whisky
- Aguardente/Aguardiente
- Aguardiente De Caña
- Akvavit/Aquavit
- Aniseed-Flavoured Spirits
- Borovicka
- Boukha
- Brandy Type Distilled Spirits
- Cachaça
- Calvados
- Cane
- Chacha
- Charanda
- Chinese Herbal Spirits
- Chinese Spirits
- Cut Brandy
- Destilados De Agave
- Distilled Fruit Spirits
- Domestic Brandy
- Domestic Rum
- Doppelkorn
- Economy Chinese Spirits
- Flavoured Spirits
- Flavoured Vodka-based Drinks
- Fynbos gin/Local Gin
- Gin-flavoured spirits
- Goldbrand/Goldkrone
- Grappa
- Grappamiel
- Guaro
- Kirsch
- Komovica
- Korn
- Lambanog
- Limoncello
- Local White Spirits
- Lower Mid-Range Chinese Spirits
- Lozovaca
- Maesilju
- Mahia Rabi Amrane
- Mead
- Mixed Spirits
- Nalivka/Nalewka
- Nastoyka
- National Specialities
- Obstbrände
- Ouzo
- Pacharán
- Palinca/Pálinka
- Pear and Apple Distillates
- Pisco
- Premium Chinese Spirits
- Prune
- Punsch
- Rachiu/Rakija
- Rum-Flavoured Spirits
- Samane
- Sambuca
- Samsu
- Schnapps
- Shochu/Soju
- Singani
- Sljivovica/Slivovice
- Steinhäeger
- Strong African Spirits
- Super Premium Chinese Spirits
- Sura Khao
- Tequila Flavoured Spirits
- Travarica
- Tsipouro
- Upper Mid-Range Chinese Spirits
- Vieux
- Viina
- Vodka Type Distilled Spirits
- Other Distilled Beverages
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- Port
- Sherry
- Vermouth
- Other Fortified Wine
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- Apple Wine
- Bokbunjaju
- Cheongju
- Chinese Wine
- Economy Rice Wine
- Fortified Fruit Wine
- Fruit and Berry Wine
- Fruit and Herbal Wine
- Fruit and Honey based Wine
- Fruit Wine
- Lower Mid-Range Rice Wine
- Non-Grape Dessert Wine
- Premium Rice Wine
- Sake
- Takju
- Upper Mid-Range Rice Wine
- Yakju
- Yellow Wine
- Other Non-Grape Wine
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- Champagne
- Other Sparkling Wine
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- Still Red Wine
- Still Rosé Wine
- Still White Wine
- Non Alcoholic Wine
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Alcoholic Drinks
Alcoholic drinks is the aggregation of beer, wine, spirits, cider/perry and RTDs.
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This report originates from Passport, our Alcoholic Drinks research and analysis database.
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