The beverage output in Brazil increased from 62.72 billion Brazilian Reals in 2013 to 106.71 billion in 2023. The growth observed substantial fluctuations, particularly rising sharply in 2014 and 2019, while experiencing minor declines or slower growth in other years. From 2021 to 2023, the output demonstrated a steady increase with year-on-year variations between 3.02% to 3.26%. The 2023 output stood at 106.71 billion Brazilian Reals. Over the last five years, the compound annual growth rate (CAGR) was approximately 6.32%.
Future trends to watch for include:
- Continued steady growth with a forecasted CAGR of 2.11% from 2024 to 2028.
- Innovations in beverage products and a shift towards healthier options may influence output.
- Economic conditions and consumer preferences that could impact growth rates.