Latin America Airport Duty-free Liquor Market Size & Outlook
The airport duty-free liquor market in Latin America is expected to reach a projected revenue of US$ 344.9 million by 2030. A compound annual growth rate of 8.6% is expected of Latin America airport duty-free liquor market from 2025 to 2030.
Revenue, 2024 (US$M)
$213.6
Forecast, 2030 (US$M)
$344.9
CAGR, 2025 - 2030
8.6%
Report Coverage
Latin America
Related Markets
Latin America airport duty-free liquor market highlights
- The Latin America airport duty-free liquor market generated a revenue of USD 213.6 million in 2024.
- The market is expected to grow at a CAGR of 8.3% from 2025 to 2030.
- In terms of segment, whiskey was the largest revenue generating type in 2024.
- Gin is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 213.6 million |
| Market revenue in 2030 | USD 344.9 million |
| Growth rate | 8.3% (CAGR from 2024 to 2030) |
| Largest segment | Whiskey |
| Fastest growing segment | Gin |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Whiskey, Vodka, Rum, Gin, Wine, Cognac |
| Key market players worldwide | Heineken NV, Diageo PLC, Pernod Ricard SA, Constellation Brands Inc Class A, Remy Cointreau, The Edrington Group, William Grant & Sons, Bacardi |
Other key industry trends
- In terms of revenue, Latin America region accounted for 2.9% of the global airport duty-free liquor market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,642.3 million by 2030.
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Airport Duty-free Liquor Market Scope
Airport Duty-free Liquor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| The Edrington Group | View profile | 11-50 | Glasgow, Glasgow City, United Kingdom, Europe | http://www.erdington.co.uk/ |
| William Grant & Sons | View profile | 1001-5000 | Motherwell, North Lanarkshire, United Kingdom, Europe | http://www.williamgrant.com |
| Bacardi | View profile | 5001-10000 | Hamilton, Hamilton, Bermuda, North America | https://www.bacardilimited.com/ |
| Heineken NV | View profile | 89732 | Tweede Weteringplantsoen 21, Amsterdam, NH, Netherlands, 1017 ZD | https://www.theheinekencompany.com |
| Remy Cointreau | View profile | 2021 | Rue Joseph Pataa, Cognac, France, 16100 | https://www.remy-cointreau.com |
| Constellation Brands Inc Class A | View profile | 10600 | 207 High Point Drive, Building 100, Victor, New York, NY, United States, 14564 | https://www.cbrands.com |
| Diageo PLC | View profile | 30269 | 16 Great Marlborough Street, London, United Kingdom, W1F 7HS | https://www.diageo.com |
| Pernod Ricard SA | View profile | 20617 | 5, Cours Paul Ricard, Paris, France, 75008 | https://www.pernod-ricard.com |
Latin America airport duty-free liquor market size, by country, 2018-2030 (US$M)
Latin America Airport Duty-free Liquor Market Outlook Share, 2024 & 2030 (US$M)
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