Alcoholic Drinks - Dominican Republic

Revenue, at home (e.g., revenue generated in supermarkets and convenience stores) in the Alcoholic Drinks market amounts to US$1.4bn in 2024.
Revenue, out-of-home (e.g., revenue generated in restaurants and bars) amounts to US$1.0bn in 2024.
Revenue, combined amounts to US$2.4bn in 2024.
The revenue, at home is expected to grow annually by 1.60% (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$119.20 are generated in 2024.
In the Alcoholic Drinks market, volume, at home is expected to amount to 266.0m L by 2024.
Volume, out-of-home is expected to amount to 177.5m L in 2024.
Volume, combined is expected to amount to 443.5m L in 2024.
The Alcoholic Drinks market is expected to show a volume growth, at home of -5.1% in 2025.0.
The average volume per person, at home in the Alcoholic Drinks market is expected to amount to 23.26L 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 Dominican Republic has been experiencing significant growth in recent years.

Customer preferences: Dominicans have a strong cultural affinity for socializing and celebrating, which has contributed to the popularity of alcoholic drinks in the country. Rum, in particular, is a favored choice among locals, as it is considered a national symbol and is deeply ingrained in Dominican culture. Additionally, beer consumption has been on the rise, with a growing preference for craft and imported beers among younger consumers.

Trends in the market: One of the key trends in the Alcoholic Drinks market in Dominican Republic is the increasing demand for premium and high-quality products. As the country's economy continues to grow, consumers have more disposable income to spend on luxury goods, including alcoholic beverages. This has led to a rise in the consumption of premium spirits, such as aged rums and high-end whiskies. Another trend in the market is the growing interest in healthier alcoholic options. With the global wellness trend influencing consumer choices, there has been a shift towards low-calorie and low-sugar alcoholic drinks. This has prompted the introduction of lighter beer options and the development of innovative cocktails using fresh fruits and natural ingredients.

Local special circumstances: The tourism industry plays a significant role in the Alcoholic Drinks market in Dominican Republic. The country attracts millions of visitors each year, many of whom are looking to experience the local culture and cuisine. This presents a lucrative opportunity for alcoholic beverage producers to showcase their products to a diverse international audience. Additionally, the presence of all-inclusive resorts and beachfront bars further contributes to the consumption of alcoholic drinks among tourists.

Underlying macroeconomic factors: The strong economic growth in Dominican Republic has had a positive impact on the Alcoholic Drinks market. The country's GDP has been steadily increasing, leading to a rise in disposable income and consumer spending. This has allowed more people to afford alcoholic beverages and indulge in premium products. Furthermore, the government has implemented policies to attract foreign investment and promote the tourism industry, which has further bolstered the market. In conclusion, the Alcoholic Drinks market in Dominican Republic is experiencing growth due to customer preferences for premium and healthier options, as well as the influence of the tourism industry. The country's strong economic growth and government initiatives have also contributed to the market's development.

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.