Total volume sales of spirits are anticipated to see robust growth in the upcoming years, similar to the performance recorded during the period 2017-2022. There are some challenges ahead related to exchange rate volatility, the slower economy and lower disposable incomes.
In the forecast period, local companies such as Fábrica de Licores y Alcoholes de Antioquia and Industria Licorera de Caldas will continue to lead in spirits. Although their main products are aguardiente and rum, both companies have launched new products to diversify their portfolio; Industria Licorera de Caldas entered the gin category with its Bosque de Indias brand and Fábrica de Licores y Alcoholes de Antioquia introduced rum at 29% abv to the market, under its umbrella brand Ron Medellín.
It is unlikely that non-alcoholic spirits will see significant growth in the near future, as consumers may need more education and understanding of the product to fully appreciate it. Additionally, in Colombia drinking alcohol is often associated with celebrations or parties.
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Understand the latest market trends and future growth opportunities for the Spirits industry in Colombia 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.
If you're in the Spirits industry in Colombia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty
This is the aggregation of whisk(e)y, brandy and Cognac, white spirits, rum, tequila, liqueurs and other spirits.See All of Our Definitions
This report originates from Passport, our Spirits research and analysis database.
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