Cider, Perry & Rice Wine - Bolivia

The Cider, Perry & Rice Wine market in Bolivia has been experiencing significant growth in recent years. Customer preferences in Bolivia have shifted towards the consumption of Cider, Perry & Rice Wine due to its unique flavors and versatility. Consumers are increasingly seeking out new and different alcoholic beverages, and Cider, Perry & Rice Wine provides an alternative to traditional options such as beer and wine. Additionally, the rise in popularity of craft beverages has also contributed to the increased demand for Cider, Perry & Rice Wine in Bolivia. Trends in the market show that there has been an increase in the number of local producers and brands offering Cider, Perry & Rice Wine in Bolivia. This has led to a wider variety of options for consumers to choose from, catering to different tastes and preferences. The market has also seen an increase in the availability of imported Cider, Perry & Rice Wine brands, further expanding the choices available to consumers. Local special circumstances in Bolivia have also played a role in the development of the Cider, Perry & Rice Wine market. Bolivia has a rich agricultural heritage, with a variety of fruits and grains grown in the country. This has allowed local producers to experiment with different ingredients and flavors, creating unique and innovative Cider, Perry & Rice Wine products. Additionally, the growing tourism industry in Bolivia has helped to promote and popularize Cider, Perry & Rice Wine among both domestic and international visitors. Underlying macroeconomic factors have also contributed to the growth of the Cider, Perry & Rice Wine market in Bolivia. The country has experienced steady economic growth in recent years, leading to an increase in disposable income for consumers. This has allowed individuals to indulge in more premium and higher-priced alcoholic beverages, including Cider, Perry & Rice Wine. Additionally, changing demographics and an increasingly urbanized population have also influenced consumer preferences and the demand for different types of alcoholic beverages. In conclusion, the Cider, Perry & Rice Wine market in Bolivia is developing due to changing customer preferences, a wider variety of options available, local special circumstances, and underlying macroeconomic factors. The market is expected to continue growing as consumers seek out new and unique alcoholic beverages, and as local producers and imported brands continue to cater to this demand.

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.