Alcoholic Drinks - Belize | Statista Market Forecast

Revenue, at home (e.g., revenue generated in supermarkets and convenience stores) in the Alcoholic Drinks market amounts to US$89.4m in 2024.
Revenue, out-of-home (e.g., revenue generated in restaurants and bars) amounts to US$32.0m in 2024.
Revenue, combined amounts to US$121.4m in 2024.
The revenue, at home is expected to grow annually by 1.84% (CAGR 2024-2029).
In global comparison, most revenue, at home is generated China (US$208bn in 2024).
In relation to total population figures, the average revenue per capita, at home of US$214.70 are generated in 2024.
In the Alcoholic Drinks market, volume, at home is expected to amount to 21.6m L by 2024.
Volume, out-of-home is expected to amount to 3.8m L in 2024.
Volume, combined is expected to amount to 25.4m L in 2024.
The Alcoholic Drinks market is expected to show a volume growth, at home of 0.2% in 2025.0.
The average volume per person, at home in the Alcoholic Drinks market is expected to amount to 51.83L in 2024.

Definition:

The Alcoholic Drinks market includes all alcoholic beverages that are produced by fermentation or distillation.

Structure:

The Alcoholic Drinks market is divided into 5 markets:

The Beer market encompasses fermented beverages based on malt. The Beer market is further divided into the markets Alcoholic Beer and Non-Alcoholic Beer.
The Spirits market encompasses alcoholic beverages that are produced through the distillation of wine, fermented fruits, or grains. It contains the Whisky, Vodka, Rum, Gin, Brandy, Soju, Tequila, and Liqueurs & Other Spirits markets.
The Wine market encompasses all fermented juices made from grapes. The Wine market is further divided into Still Wine (Red Wine, White Wine, and Rosé Wine), Sparkling Wine, and Fortified Wine.
The Cider, Perry & Rice Wine market encompass all wines made from fruits other than grapes, grains, or other plants.
The Hard Seltzer market encompasses alcoholic beverages made with carbonated water, alcohol, and often fruit flavoring.

Additional information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per liter, as well as sales channels. Per capita figures refer to a country’s or region’s whole population.

At-home market data covers retail sales via super- and hypermarkets, eCommerce, convenience stores, and similar sales channels. Out-of-home market data includes all sales in hotels and restaurants, sales by catering companies, as well as sales in cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. All prices are valued at retail selling prices, including all sales and consumption taxes.

Key players include Anheuser-Busch InBev (e.g., Corona, Bud Light, and Michelob), Diageo (e.g., Johnnie Walker, Guinness, and Tanqueray), Heineken, and Molson Coors.

Alcoholic & Non-Alcoholic Beer
Wine
Spirits
Cider, Perry and Rice Wines
Hard Seltzer

Non-Alcoholic Beverages derived from Wine or Spirits

The Alcoholic Drinks market in Belize is experiencing significant growth and development in recent years.

Customer preferences: Belizean consumers have shown a growing preference for alcoholic beverages, particularly spirits and beer. This can be attributed to changing lifestyles and an increasing acceptance of alcohol as a social drink. Additionally, the tourism industry in Belize has played a significant role in driving the demand for alcoholic drinks, as tourists often seek to indulge in local beverages during their stay.

Trends in the market: One notable trend in the Belizean alcoholic drinks market is the increasing popularity of craft beer. Craft breweries have emerged in the country, offering unique and locally brewed beers that cater to the preferences of discerning consumers. This trend mirrors the global craft beer movement, where consumers are seeking more diverse and flavorful options. The rise of craft beer in Belize can also be attributed to the growing interest in supporting local businesses and promoting cultural identity. Another trend in the market is the growing demand for premium spirits. As disposable incomes rise and consumers become more sophisticated in their tastes, there has been a shift towards higher quality and premium products. This trend is not unique to Belize but is part of a global movement towards premiumization in the alcoholic drinks industry. Consumers are willing to pay a premium for spirits that offer unique flavors, superior quality, and a sense of luxury.

Local special circumstances: Belize's unique geography and cultural heritage have also contributed to the development of the alcoholic drinks market. The country is known for its rum production, with several local distilleries producing high-quality rum using traditional methods. This has created a sense of pride and identity among Belizeans, leading to a strong domestic demand for rum. Additionally, the abundance of tropical fruits in Belize has led to the production of fruit-infused spirits, which are highly popular among locals and tourists alike.

Underlying macroeconomic factors: The growth of the alcoholic drinks market in Belize can be attributed to several underlying macroeconomic factors. Firstly, the country has experienced steady economic growth in recent years, leading to an increase in disposable incomes. This has allowed consumers to spend more on discretionary items such as alcoholic beverages. Secondly, the tourism industry in Belize has been booming, attracting a large number of international visitors. This influx of tourists has created a lucrative market for alcoholic drinks, as visitors often seek to experience the local culture and cuisine. In conclusion, the Alcoholic Drinks market in Belize is witnessing significant growth and development due to changing customer preferences, including a growing demand for craft beer and premium spirits. The country's unique geography, cultural heritage, and strong tourism industry also contribute to the market's growth. Additionally, underlying macroeconomic factors such as economic growth and a thriving tourism industry have further fueled the demand for alcoholic drinks in Belize.

Data coverage:
The data encompasses B2C enterprises. The at-home market covers retail sales via super- and hypermarkets, eCommerce, convenience stores, or similar sales channels. The out-of-home data encompasses all sales to hotels, restaurants, catering, cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes.

Modeling approach:
Market sizes are determined through a Top-Down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending (e.g. consumer spending on alcoholic beverages, consumer spending at Hotels, Restaurants etc.), and price level index. This data helps us estimate the market size for each country individually.

Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Alcoholic Drinks market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

The alcoholic beverage market is recovering after several years of downturn. Larger forces like the COVID-19 pandemic, the Russian invasion of Ukraine and the ensuing inflation have either been resolved or accepted as part of the current market environment. Regional conditions vary as consumers in some areas of the world are changing their alcohol preferences while other regions are continuing to feel the effects of less discretionary spending from consumers.