The Latin America region will become an increasinglyrnimportant growth driver for the beer industry over the comingrnyears, providing a vital counterweight to the subdued salesrnenvironment in developed markets. We forecast Latin Americarnbeer sales, in volume terms, to expand by a compound annualrngrowth rate (CAGR) of 3.6% over our 2016-2020 forecastrnperiod. This is in sharp contrast to the beer industries inrnEurope and North America which, over the same period, arernprojected to grow at a modest CAGR of 0.4% and 0.3%,rnrespectively.
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