Anheuser-Busch InBev, the world’s largest brewer boosted its revenues in Latin America by 27.8 percent to $12.2 billion according to its recently released financial statements.
Specifically, in Brazil, beer volume grew 10.7% in FY10 driven by strong industry growth as well as market share gains driven by product and packaging innovations. Average beer market share reached 70.1%.
The brewer did however struggle in Argentina where beer volumes in Argentina grew 1.7% in FY10 and 5.4% in 4Q10, yet Argentina has now become the brand’s third largest market after the United Kingdom and the United States.
