Alcoholic Drinks - Suriname | Statista Market Forecast

Revenue, at home (e.g., revenue generated in supermarkets and convenience stores) in the Alcoholic Drinks market amounts to US$40.4m in 2024.
Revenue, out-of-home (e.g., revenue generated in restaurants and bars) amounts to US$19.7m in 2024.
Revenue, combined amounts to US$60.1m in 2024.
The revenue, at home is expected to grow annually by 4.90% (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$64.22 are generated in 2024.
In the Alcoholic Drinks market, volume, at home is expected to amount to 11.5m L by 2024.
Volume, out-of-home is expected to amount to 4.4m L in 2024.
Volume, combined is expected to amount to 15.9m 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 18.32L 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 Suriname has been experiencing steady growth in recent years.

Customer preferences: Surinamese consumers have shown a growing interest in premium and craft alcoholic beverages. They are increasingly seeking out unique and high-quality products, such as artisanal beers, small-batch spirits, and boutique wines. This trend is driven by a desire for more sophisticated and diverse drinking options, as well as a growing appreciation for the craftsmanship and heritage behind these products. Additionally, there is a preference for locally produced alcoholic drinks, as Surinamese consumers value supporting local businesses and promoting domestic industries.

Trends in the market: One of the key trends in the Surinamese Alcoholic Drinks market is the rise of craft beer. Microbreweries and brewpubs have emerged in the country, offering a wide range of innovative and flavorful beers. This trend mirrors the global craft beer movement, as consumers seek out unique and artisanal alternatives to mass-produced beers. Another trend is the increasing popularity of premium spirits, particularly rum. Suriname has a rich history of rum production, and local distilleries are capitalizing on this heritage by producing high-quality and aged rums. Additionally, there is a growing interest in wine, with more wine bars and shops opening up in major cities.

Local special circumstances: Suriname's cultural diversity plays a significant role in shaping the Alcoholic Drinks market. The country is home to various ethnic groups, each with their own drinking preferences and traditions. For example, the Hindustani community has a strong preference for rum and whiskey, while the Creole community favors beer and locally brewed spirits. This diversity creates opportunities for both local and international brands to cater to specific consumer segments. Furthermore, Suriname's tropical climate and vibrant nightlife contribute to the demand for refreshing and sociable alcoholic beverages.

Underlying macroeconomic factors: Suriname's growing economy and increasing disposable income levels have contributed to the development of the Alcoholic Drinks market. As more Surinamese consumers have the means to spend on non-essential items, the demand for premium and higher-priced alcoholic beverages has risen. Additionally, tourism plays a significant role in driving the market, as Suriname attracts a growing number of international visitors who are eager to explore the country's unique drinking culture. The government's efforts to promote local industries and support small businesses have also created a favorable environment for the growth of the Alcoholic Drinks market in Suriname.

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.