Cider, Perry & Rice Wine - Paraguay

The Cider, Perry & Rice Wine market in Paraguay has been experiencing significant growth in recent years.

Customer preferences: Paraguayans have developed a taste for Cider, Perry & Rice Wine, which has led to an increase in demand for these products. This can be attributed to changing consumer preferences and a growing interest in trying new and unique beverages. Additionally, the popularity of these drinks can be attributed to their refreshing and fruity flavors, which appeal to a wide range of consumers.

Trends in the market: One of the key trends in the Cider, Perry & Rice Wine market in Paraguay is the growing demand for craft and artisanal products. Consumers are increasingly seeking out locally produced beverages that offer a unique and high-quality drinking experience. This trend is driven by a desire for authenticity and a preference for supporting local businesses. As a result, there has been a rise in the number of small-scale producers entering the market and offering a wide variety of flavors and styles. Another trend in the market is the increasing availability and variety of flavored Cider, Perry & Rice Wine. Manufacturers are constantly innovating and introducing new flavors to cater to changing consumer preferences. This includes flavors such as apple, pear, peach, and even exotic fruits like passion fruit and mango. These flavored options have gained popularity among consumers looking for a more diverse and exciting drinking experience.

Local special circumstances: Paraguay has a favorable climate for the production of fruits, including apples and pears, which are key ingredients in Cider and Perry. This has allowed local producers to source high-quality fruits locally, reducing production costs and ensuring freshness. Additionally, Paraguay has a rich agricultural tradition and a strong focus on sustainable farming practices, which further enhances the quality and appeal of locally produced Cider, Perry & Rice Wine.

Underlying macroeconomic factors: The growing economy of Paraguay has contributed to the increased demand for Cider, Perry & Rice Wine. As disposable incomes rise, consumers have more purchasing power to spend on premium and specialty beverages. This has created a favorable market environment for the growth of the Cider, Perry & Rice Wine market. Furthermore, the tourism industry in Paraguay has been booming in recent years, attracting visitors from around the world. These tourists often seek out local products and experiences, including trying traditional beverages like Cider, Perry & Rice Wine. This has created an additional market for producers, leading to increased production and sales. In conclusion, the Cider, Perry & Rice Wine market in Paraguay is experiencing growth due to changing consumer preferences, the availability of locally sourced ingredients, and favorable macroeconomic factors. As consumer demand continues to rise, it is expected that the market will continue to expand, offering new opportunities for both local and international producers.

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.