Brazilian brands accelerate growth as differentiation drives a 22% surge in brand value

Illuminated Itaú-branded event space with striking orange-lit canopy structures, a stage with red screens, and an audience gathered below.
Martin Cena
Martin Cena

Managing Director, Kantar Brazil

Article

Brazil’s largest bank Itaú retains the top position, growing its brand value by 79%

Brazil’s strongest brands have built significant growth momentum over the last two years. Launched today, the 2026 Kantar BrandZ Top 50 Most Valuable Brazilian Brands report reveals a new wave of brand-led growth. The collective value of Brazil's Top 50 brands has risen 22% since 2024 to reach US$101 billion, a marked acceleration from the previous ranking's 4% growth. Twenty-six brands achieved brand value gains over the period, 18 at a double-digit rate, fuelled by customer-centric innovation and a deep understanding of evolving consumer needs.  
 
Brazil’s largest bank Itaú retains the top position, growing its brand value 79% to US$13.2bn. More than a century old, the brand excels at renewal, while sustaining very solid business principles and discipline. A range of new products and services, including its Superapp digital financial advisor, and major investments in AI-powered solutions, have made Itaú an integral part of consumers’ daily lives. Initiatives such as the Itaú Live music platform, and sponsoring the Rock in Rio festival, also keep the brand relevant and culturally connected.    


Kantar BrandZ Top 10 Most Valuable Brazilian Brands 2026

2026 Rank Brand   Category  Brand Value 2026 (US$M) 2 year change (%)
1 Itaú 
Financial Services 13,244 79%
 2 Nubank Financial Services 12,024  162%
 3 Claro
Telecom Providers  7,421 30%
 4 Brahma Alcohol 6,635 0%
 5 Vivo Telecom Providers 5,710 71%
 6 Bradesco Financial Services 5,121 18%
 7 Skol Alcohol 4,998 -15%
 8 Petrobras/BR Energy 3,616  34%
 9 Localiza Consumer Technology & Services Platforms 3,214 5%
 10 Antarctica Alcohol 2,514 2%

 

The highest riser is Nubank, leaping three places to No.2 with a remarkable 162% gain in brand value. Nubank has redefined the Financial Services category by evolving from a single credit card offering into a broad ecosystem spanning banking, payments, investments, insurance and telecoms services, transforming a clear vision of simplicity and transparency into a platform of daily use. This expansion has supported its international growth ambitions, while culturally relevant marketing and a distinctive customer experience have helped it build strong perceptions of Difference in an increasingly competitive sector.  

Also on the list of highest risers are insurance company Porto Seguro (No.18; +108%), telecoms giant Vivo (No.5; +71%), and energy brand Ipiranga (No.22; +48%).   

Six brands, from four different categories, have entered the Top 50 for the first time: meal delivery service iFood (No.11; $2.2bn), the Smart Fit chain of gyms and leisure centres (No.33; $0.8bn), digital bank Inter (No.37; $0.6bn), fintech and payment processor Stone (No.40; $0.5bn), supermarket chain Mateus (No.45; $0.3bn) and jewellery retailer Vivara (No.46; $0.3bn).  

Growth within the BrandZ Brazil Top 50 is evident across diverse categories – including Telecoms, Energy, and Food & Beverages – but Financial Services is the standout performer. Five of the 10 highest risers are from this sector, which contributes 39% of the ranking’s total value. The financial brands that appeared in both the 2024 and 2026 rankings have grown, on average, by 43%. Growth was supported by digitisation, intense competition, innovation, and the success of Brazil’s PIX instant payment system, all of which improved the consumer experience and heightened brands’ ability to monetise their ecosystems.   

Differentiation drives demand

Brazil's most valuable and fastest-growing brands have capitalised on a favourable economic environment, with GDP increasing by 2.3% in 2025. However, their success extends beyond market conditions. The brands leading the ranking have remained closely attuned to evolving consumer needs, driving growth through customer-centric innovation and meaningful differentiation.  

In an increasingly competitive marketplace, where consumers are more likely to compare brands on price, Difference is emerging as a critical driver of competitive advantage. Kantar BrandZ data shows that brands perceived as breaking new ground are significantly more likely to achieve accelerated growth.   

High-growth brands such as Nubank, Claro, Vivo and Ipiranga have strengthened their positions by delivering unique experiences and propositions that consumers see as genuinely different. Claro (No.3; US$7.4bn) demonstrates how brands can unlock growth by looking beyond traditional category boundaries. Having successfully integrated mobile, broadband and television services into a seamless ecosystem, it is now creating new opportunities through a broader proposition centred on connected lifestyles.   

Meanwhile, newcomer Vivara illustrates the power of balancing aspiration with accessibility. Through premium, design-led products, a strong omnichannel presence, and broad appeal based on evolving its offer to wider consumer bases, the jewellery brand has carved out a distinctive position in its category and successfully expanded its reach.  

Brazil's top brands are proving that sustained growth comes from combining strong brand-building with the intelligence to stay ahead of changing consumer needs. In a hypercompetitive market, the brands creating the most value are those that understand where demand is moving, identify emerging opportunities early, and translate these insights into meaningful innovation and distinctive customer experiences. Difference remains a critical driver of growth, but it must be continually renewed. The strongest brands - whether long-established market leaders or newer challengers - are using deep consumer understanding, predictive insights and innovation to strengthen relevance, extend their competitive advantage and unlock new sources of growth. Those that can anticipate and respond to changing expectations will be best positioned to increase both brand value and business performance in the years ahead.  

More insights from the 2026 Kantar BrandZ Most Valuable Brazilian Brands report include:

  • The next phase of growth for Brazilian brands: Analysis of the Top 50 shows that the brands best positioned for future growth are those focused on three chief marketing objectives: extending difference, gaining momentum, and finding new space. Focusing on these priorities will help brands strengthen demand, unlock new growth opportunities and convert brand equity into commercial value. 

  • Brands that maintain consistent perceptions possess a growth advantage. Consumers reward brands that evolve and innovate while staying true to their core identity. Brahma (No.4; US$6.6bn) exemplifies this, reinforcing its long-standing association with Brazilian culture, football and celebration, while continually refreshing its communications for new audiences. 

  • The strongest brands are Meaningful, Different and Salient. The higher a brand ranks, the more likely it is to excel on the three attributes that drive brand equity and growth. The Top 10 outperform the Top 30, which in turn outperform the wider Top 50, demonstrating the powerful link between strong brand equity and brand value.   

The 2026 Kantar BrandZ Top 50 Most Valuable Brazilian Brands ranking, full report and in-depth analysis are now available at: www.kantar.com/campaigns/brandz/brazil  
 
For category-level competitive insights, Kantar’s free BrandSnapshot tool, powered by BrandZ, offers at-a-glance intelligence on 15,000 brands worldwide. Explore it here.  


  

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