Alcoholic Drinks - Guyana | Statista Market Forecast

Revenue, at home (e.g., revenue generated in supermarkets and convenience stores) in the Alcoholic Drinks market amounts to US$22.0m in 2024.
Revenue, out-of-home (e.g., revenue generated in restaurants and bars) amounts to US$7.9m in 2024.
Revenue, combined amounts to US$29.9m in 2024.
The revenue, at home is expected to grow annually by 2.50% (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$26.88 are generated in 2024.
In the Alcoholic Drinks market, volume, at home is expected to amount to 21.0m L by 2024.
Volume, out-of-home is expected to amount to 5.3m L in 2024.
Volume, combined is expected to amount to 26.3m L in 2024.
The Alcoholic Drinks market is expected to show a volume growth, at home of -5.0% in 2025.0.
The average volume per person, at home in the Alcoholic Drinks market is expected to amount to 25.66L 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 Guyana has seen significant development in recent years. Customer preferences have shifted towards premium and craft products, driving the growth of the market. Additionally, the local special circumstances and underlying macroeconomic factors have also played a role in shaping the trends in the market. Customer preferences in the Alcoholic Drinks market in Guyana have undergone a transformation. Consumers are increasingly seeking high-quality and unique products, leading to a rise in demand for premium and craft beverages. This shift can be attributed to changing consumer lifestyles and the desire for more sophisticated drinking experiences. As a result, there has been an increase in the availability and variety of premium and craft alcoholic drinks in the market. Trends in the market reflect this changing consumer preference. The market has witnessed the introduction of a wide range of premium and craft alcoholic beverages, including specialty beers, artisanal spirits, and boutique wines. These products often command higher prices and cater to a niche segment of consumers who are willing to pay for unique and high-quality drinks. The trend towards premium and craft beverages is expected to continue in the coming years, as consumers become more discerning and seek out new and exciting drinking experiences. Local special circumstances have also contributed to the development of the Alcoholic Drinks market in Guyana. The country has a rich cultural heritage and a diverse population, which has influenced the types of alcoholic beverages consumed. Traditional drinks such as rum and locally brewed beers have a strong presence in the market and are deeply ingrained in the local culture. This has created a demand for locally produced alcoholic drinks, both from domestic consumers and tourists looking to experience the local flavors. Underlying macroeconomic factors have also played a role in shaping the trends in the Alcoholic Drinks market in Guyana. 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. Additionally, the tourism industry in Guyana has been growing, attracting visitors from around the world who are interested in experiencing the local culture and flavors. This has created a demand for a wide range of alcoholic drinks, including both local and international brands. In conclusion, the Alcoholic Drinks market in Guyana has seen significant development driven by changing customer preferences, local special circumstances, and underlying macroeconomic factors. The shift towards premium and craft beverages, the influence of local culture, and the growth of the tourism industry have all contributed to the growth of the market. As the market continues to evolve, it is likely that the demand for unique and high-quality alcoholic drinks will continue to increase.

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.