The value added of beverages in Brazil experienced fluctuations from 2013 to 2023, peaking at 24.28 billion reals in 2020, before slightly lowering to 24.03 billion reals in 2023. Over the last two years, the sector grew modestly by 1.77% and 1.72% respectively, while the 5-year CAGR stood at 1.7%. Despite the decline in 2016 and marginal dips in 2017 and 2021, the beverage industry showed resilience by bouncing back periodically.
Looking ahead, the forecast from 2024 to 2028 indicates moderate growth, with an average annual increase of 1.25% and an overall growth rate of 6.43%. Market players should track economic conditions affecting consumer spending and evolving health trends that could reshape beverage preferences.
