Cachaça
is a national product of Brazil obtained from fresh sugarcane juice.
Cachaca is an alcoholic beverage distilled from fermented juice of
molasses a by-product of sugarcane. Cachaca is obtained in two types
such as aged and un-aged. Cachaca can be used as an ingredient in
caipirinha and other beverage preparations. Cachaca is aged for
different time spans such as three years and 15 years which gives
good blend to cachaca and it is considered as a premium cachaca.
Taste of aged cachaca depends on the type barrel in which it is aged.
Cachaca have spicy, sweet and fruity taste which makes it popular in
global market for consumption. Cachaca is a highly mixable spirit
which can be used in various cocktails globally.
Market
Segmentation: Cachaça
The
cachaca market is segmented on the basis of its application in food
and beverage industry, medical industry, pharmaceutical industry etc.
In food and beverage industry, cachaca is used in preparation of
cocktails and various food recipes in Brazilian cuisine. In food
industry cachaca is used to enhance the flavor and taste of the food.
In pharmaceutical industry, cachaca is employed in the treatment of
venomous snake bites in Brazil. In medical industry, cachaca is used
as a component of healing plasters, disinfecting cuts and scratches
etc.
The
cachaca market is segmented on the basis of its type as aged cachaca
and un-aged cachaca. Aging of cachaca is done in wooden barrels,
aging can be done from three years till fifteen years to improve its
blend. Premium quality cachaca is aged in these barrels for global
export. Un-aged cachaca is also bottled and sold to domestic as well
as international consumers directly after the production.
The
Cachaça
market
is segmented on the basis of regions as North America, Latin America,
Europe, APAC and ME.
Global
Cachaça Market: Regional Outlook
Depending
on geographic regions global Cachaça market is segmented into five
key regions: North America, Latin America, Europe, APAC and ME.
Germany and Brazil are leaders in the cachaca global market followed
by Portugal. The U.S., France, Spain are growing faster in cachaca
market to cater to increasing demand of cachaca in global market.
Asia Pacific region is also showing interest and significant growth
in cachaca market in forecast period.
Global
Cachaça Market: Drivers and Trends
Trend
of consumption of alcoholic beverages is increasing globally which is
responsible for the increasing demand for cachaca in market.
Cocktails such as caipirinha de uva, pearl button, sangria blanco,
amazonia, bloody carioca are in demand in youth globally which are
made from cachaca is one of the driver for increasing demand for
cachaca in global market. Medicinal use of cachaca globally is
increasing as it is a good disinfectant for cuts and scratches which
is driving cachaca market in medical industry. Premium quality
cachaca is in demand as it is used in corporate parties. Cheaper cost
of cachaca is also one of the driver for growing its global market.
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Global
Cachaça: Key Players
Some
of the key players identified across the value chain of the global
cachaça market include Da Quinta, Leblon Cachaça, Cuca Fresca
Spirit, BORCO company, Novo Fogo, Pituetc, IRB Tatuzinho 3 Fazendas
Ltda. etc. are amongst.
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