The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
Learn moreEuromonitor addresses your unique questions and challenges across all B2B and B2C industries and geographies through custom, tailor-made research projects, designed to your specific goals.
Learn moreOct 2020
US$2,100Added to Cart
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
High per capita alcohol consumption in Laos is due mainly to the popularity of artisanal rice-based spirits such as lao lao and there is considerable room for further growth in licensed sales of packaged products. Laotians tend to be extremely sociable and alcohol consumption is usually tied to socialising at parties and festivals.
On-trade sales declines are expected to be seen across alcoholic drinks during 2020 as a result of the COVID-19 pandemic and the official response to it in Laos. In particular, the lockdown that was enforced in the country for several weeks during the second quarter of the year made on-trade establishments unavailable to the population for an extended period, while a generally very strict approach to social distancing and a general willingness to take steps to avoid the risk of contagion meant that there were very few opportunities for socialising outside of the home during the year.
On 24 March 2020, Laos became the last country in Southeast Asia to report its first confirmed case of the COVID-19 virus. Movement restrictions were introduced at very short notice from 1 April.
Per capita consumption of alcoholic drinks remains quite high in Laos. Drinking alcoholic is socially acceptable in all parts of the country and this is not expected to change in the near future.
Laos has been generating strong GDP growth for many years and a 5% increase was registered in 2019, which followed the 6% growth registered in 2018. Such robust economic growth is being supporting by considerable levels of foreign direct investment in the country.
Laos is a landlocked country surrounded by Myanmar and China to the north, Vietnam to the east, Cambodia to the south and Thailand to the west. It has no coastline and thus no seaports or harbours.
The legal minimum age for the purchase or sale of alcoholic drinks is 18-years-old, although no legal minimum drinking age is defined in law. However, the Laotian Law on Alcohol Control (dated 19 December 2014) mentioned individual responsibility that covered students, young consumers and employees and stated that they must be aware of alcohol and refrain from consumption whenever possible.
All alcoholic drinks sold in Laos attract sales tax of 10%, while imported products also face an additional import tax of 10%. Domestic products thus benefit from a tax advantage, which enables them to offer lower prices.
Files are delivered directly into your account within a few minutes of purchase.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.
Delivery: Files are delivered directly into your account within a few minutes of purchase.
Overview
Discover the latest market trends and uncover sources of future market growth for the Alcoholic Drinks industry in Laos with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Alcoholic Drinks industry in Laos, our research will save you time and money while empowering you to make informed, profitable decisions.
When you purchase this report, you also get the data and the content from these category reports in Laos for free:
The Alcoholic Drinks in Laos market research report includes:
Our market research reports answer questions such as:
Why buy this report?
This industry report originates from Passport, our Alcoholic Drinks market research database.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.