Brazil Craft Spirits Market Size & Outlook, 2023-2030

The craft spirits market in Brazil is expected to reach a projected revenue of US$ 1,131.6 million by 2030. A compound annual growth rate of 26.5% is expected of Brazil craft spirits market from 2024 to 2030.
Revenue, 2023 (US$M)
$218.6
Forecast, 2030 (US$M)
$1,131.6
CAGR, 2024 - 2030
26.5%
Report Coverage
Brazil

Brazil craft spirits market highlights

  • The Brazil craft spirits market generated a revenue of USD 218.6 million in 2023 and is expected to reach USD 1,131.6 million by 2030.
  • The Brazil market is expected to grow at a CAGR of 26.5% from 2024 to 2030.
  • In terms of segment, whiskey was the largest revenue generating product in 2023.
  • Gin is the most lucrative product segment registering the fastest growth during the forecast period.

Craft spirits market data book summary

Market revenue in 2023USD 218.6 million
Market revenue in 2030USD 1,131.6 million
Growth rate26.5% (CAGR from 2023 to 2030)
Largest segmentWhiskey
Fastest growing segmentGin
Historical data2017 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationWhiskey, Vodka, Gin, Rum, Brandy, Liquer
Key market players worldwideDiageo PLC, Pernod Ricard SA, Constellation Brands Inc Class A, Suntory Beverage & Food Ltd, Bacardi, Heaven Hill Distilleries, Campari Group, Sazerac Company, Highwood Distillers, Rogue Ales

Other key industry trends

  • In terms of revenue, Brazil accounted for 1.0% of the global craft spirits market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Latin America, Brazil craft spirits market is projected to lead the regional market in terms of revenue in 2030.
  • Brazil is the fastest growing regional market in Latin America and is projected to reach USD 1,131.6 million by 2030.

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Craft Spirits Market Companies

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Brazil craft spirits market size, by product, 2017-2030 (US$M)

Brazil Craft Spirits Market Outlook Share, 2023 & 2030 (US$M)

Brazil craft spirits market size, by product, 2017-2030 (US$M)

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