latin america argentina, brazil, chile, mexico, venezuela
TRANSCRIPT
Latin America
Argentina, Brazil, Chile, Mexico, Venezuela
Latin America
Common Marketing Trends in Latin America
• Economics- developed/developing economies- uneven distribution of wealth
• Demographics- high urban population- young population
• Language - Spanish, Portuguese, English
• Religion and Culture- Roman Catholic- High context culture
• Legal and Business Requirements- Latin America Free Trade Association (LAFTA)
• Environment-lack of clean water
Mexico• Size and Growth of Soda Market
- 16 billion liters consumed - increase in sales
• Major Players in Soft Drink Industry- Coca-Cola- Pepsi
• Dietary issues, taste preferences, attitudes- most obese country- soda tax- lack of clean water- health conscious movement
Venezuela• Size and Growth of Soda Market
- decrease in sales- Law of Costs and Fair Prices
• Major Players in Soft Drink Industry- Coca-Cola- Pepsi
• Dietary issues, taste preferences, attitudes- soda is perceived to be a luxury product- RTD teas are an emerging product- unaware about health and nutrition
Brazil• Size and Growth of Soft Drink
Market- 17% increase in 2012- Projected to increase even more due to the World Cup 2014 and Olympic Games 2016
• Major Players in Soda Industry- Coca-Cola, Pepsi, Kraft- Ambev
• Dietary issues, taste preferences, attitudes- healthier alternatives such as tea or fruit juice- Coca-Cola is purchased for the brand name and status
Argentina• Size and Growth of Soft Drink
Market- decrease in consumption - high inflation
• Major Players in Soft Drink Industry- Coca-Cola-Aguas Danone
• Dietary issues, taste preferences, attitudes- increased consumption of flavored water, RTD tea- Soft Drinks are perceived to be a luxury- Consumers are looking for bulk or refillable products
Chile• Size and Growth of Soda Market
- total volume and sales increase • Major Players in Soda Drink
Industry- Coca-Cola- Embotelladoras Chilenas Unidas
• Dietary issues, taste preferences, attitudes-rise in obesity-health conscious movement-push for more fruit/vegetable juices, tea, water
Summary
• Health conscious movement
• Good Opportunities: Chile, Mexico, Brazil
• Lack of opportunities: Argentina and Venezuela